Global Investing

The Big Five: themes for the week ahead

July 20, 2009

Five things to think about this week: 

RESULTS RUSH 
- The early wave of Q2 earnings last week prevented any major risk shakeout but there are plenty more results this week, including from banking, technology (Apple, Microsoft), and other sectors (Lockheed Martin, Coke, McDonalds). Investors with bullish inclinations will be looking for the VIX to stay subdued after it fell last week to lows last seen in September 2008, especially if more pent up cash is to be released from money market funds. Bears will be thinking that what might be the S&P’s best weekly performance since mid-March could be setting the market up to be more sensitive to bad news.

The Big Five: themes for the week ahead

June 22, 2009

Five things to think about this week:

STALLING RALLY
- The global equity market rally has stalled in June and is threatening to go into reverse. With this week effectively the last full week of the second quarter, the temptation for many funds to book profits on such a lucrative quarter will be high. Any knock on boost to volatility would pose more risks for some of the trades that looked the most attractive in a lower volatility environment, such as cyclical versus defensives plays, emerging markets, and foreign exchange carry trades.

Exit Santa Claus, Enter the Grinch

By Reuters Staff
December 18, 2008

Nomura Chief Economist David Resler has made it an annual tradition to write his year-end review and outlook set to the rhythm and rhyme of classic poem “A Visit from St. Nicholas”.

Better known by its first line “T’was the Night Before Christmas”, the 19th century poem is largely responsible for the popular conception of Santa Claus as a jolly, rotund, white-bearded man on a reindeer-pulled sleigh.

Views on the Fed, Merrill and future for Wall Street investment banks

September 15, 2008

merrill.jpgThe Wall Street investment banking model is being tested. No, it’s broken. No, it’s been broken for a while and the bailout of Bear Stearns and the demise of Lehman show that it’s on the mend…