Recent developments in global markets have largely reaffirmed BMI’s pre-existing key views on the eurozone (it looks bad), deflation and inflation (it’s deflation), and the outlook for growth in the second half of 2010 (our expectation for a slowdown is looking better and better). Mark Schaltuper is joined by Tim Cooper, BMI’s Chief Economist, to… [Read more]
With Halloween around the corner, we ask BMI’s Global Economic Strategist, Tim Cooper, if the latest Q3 GDP reading in the US is a ‘Trick’ or a ‘Treat’. For now, markets appear to be thinking the latter.
I believe that commodity markets bottomed out in February, but this does not mean we are out of the woods just yet. Indeed, the economic recovery is expected to remain weak, and my colleagues at Business Monitor International continue to expect a trader’s market characterised by high levels of price volatility. However, there are several… [Read more]
Today, BMI’s illustrious Key Markets View portfolio welcomes four new members – Long S&P Financials, Long Brazilian Bovespa, Long Korean Won, and Long Zambian Kwacha. There may be more to come, because there are still a lot of opportunities across asset markets. Have a look at a long-dated Nikkei chart, or some of the industrial… [Read more]
As I write this, several key equity markets look set to fly. Regular readers of Business Monitor Online and BMI‘s weekly Emerging Markets Monitor magazine will know that my colleagues and I have been mentioning the 8,850 level for the Dow Jones. A break above this point could see global equities really fly, which of… [Read more]
Further to my musings on whether ‘decoupling’ is fact or fiction, I’d like to briefly point out two of the curiosities of the current global equity rally. The first curiosity is how out of touch the rally seems to be with the fundamentals. My overall view is that this rally is simply a correction in… [Read more]
The rally in Latin stocks since the lows of October 2008 has been nothing short of incredible. Some of the markets have risen by over 100%, and viewing the moves in dollar terms, the gains have been even more impressive/absurd. With such huge gains, it begs the question to Risk Watchdog of whether this is… [Read more]
