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Trade in Whisky; With two full weeks passing since the flash crash, we can get a sense of the new market regime. The Yen has bounced slightly, but not by enough. The technical analysts out there will say a 38.2% retracement of the prior fall is essential to demonstrate

Soda is doing well, and Whisky, less so. That reflects the asset mix, whereby Soda focused on quality, whereas Whisky has remained more cyclical. Last week, the US economy appeared to be slowing down with weak employment data, and the market reaction seemed to be fairly extreme. The VIX Index,

Given recent events in financial markets, this is an update to explain recent events. The market has had a deflation fright but without a major event such as a default. That means bond yields (black) and inflation expectations (red) have fallen. Their combined value (blue) has cooled from 7.9%

Trade in Whisky; Consumers are feeling the pinch, and with another bout of political uncertainty, parts of the stockmarket are starting to feel the pressure. Either that, or it’s just the summer, which is the weakest part of the year for stockmarkets. Yet this summer, the economic surprise indices

With so many changes in the high office, we should ask what the impact on markets will be. Today’s politicians want to spend more money, but they all fear the bond market, which forces them to come across as fiscally responsible. This restricts their room for manoeuvre because their

The share price chart for META (META) is one for the history books. The stock collapsed in 2021 from a record valuation as the market moved into an advertising downturn and rejected META’s heavy investment in the metaverse. It was a brutal move. The company slashed costs and remarkably,