In Robert Louis Stevenson’s short story “The Bottle Imp” a man is sold a demonic bottle which grants the owner the power to gain all he desires. There are just two catches; first, if he should die with the bottle still in his possession he will be condemned… Read the article
‘When markets move a lot there must be a reason why.’ Most of the time this mind-set works well for us: there is an earnings announcement, policy decision, or macro data release, and markets appear to respond (sometimes) in the way you would expect.
Other price moves are not so… Read the article
We define episodes as phases where emotion drives asset prices. It is a name that has come in for criticism: some think it has associations with mental disorder; others think of TV shows. It doesn’t score well in marketing focus groups.
But we think it is an apt description of… Read the article
So after one of the most eagerly anticipated FOMC meetings ever, at last we know…that we still don’t know when the US Federal Reserve (the ‘Fed’) will raise rates.
You have just returned from a relaxing summer holiday sunbathing in Portugal, or sailing in the Med or maybe a more adventurous one discovering California’s natural beauty. However, markets don’t seem to agree with your current state of mind…and just a glance at WEI Bloomberg screen or recent NAV moves… Read the article
Apparently there is a 40% chance that Greece will leave the EU. Or there’s a 25% chance, or an 80% chance. Alan Greenspan says it is just a matter of time. George Soros says it’s 50/50. UK bookmaker William Hill has stopped taking… Read the article