Investment Markets Overview – 26th September 2014

Welcome back after a two-week travel break and what a fortnight it’s been. The United Kingdom remains united (in name if little else) as the “NO Vote” on self-rule won by a 55%/45% majority on a massive electoral turn-out of 85%. Meanwhile, the US major stock-indices hit all-time highs as Alibaba Group, a Chinese e-commerce company, became the largest IPO in history, offering $21.8 BN of its shares at $68 per share and valuing the company at $168BN, the 36th largest in the world. The share price rocketed by 47% within the first 10 minutes of trading before closing the day up by 38%, and “valued” at $231BN, second in size within the S&P 500 index, behind Apple. There is more on Alibaba and the wider market below, but returning to the “Scottish vote,” a Socionomist isn’t so much interested in the result per se, but more by the “why now? Long term subscribers’ and clients’ alike will be aware of our observations, both market-wise and outside of the markets, where the collective social mood of society, as identified by a country’s major stock-index, provides an element of predictability on matters such as a society’s tendency towards inclusionism or polarisation. The trend towards polarisation have been gathering strength of late, as witnessed by the aforementioned, the results of the EU elections held in May of this year and the intention of Catalonia to vote on a break from Spain in November 2014.

26 Sept 14

Subscribe to the Full Investment Markets Overview Newsletter which contains the following:-

Additional Commentaries:
•US economic data . . .
•Euro-Zone . . .
•The UK . . .
•Out East . . .
•The $US index . . .
•Within the commodities complex . . .
•Economic data due next week includes . . .

Returning to the largest IPO in history, we were reminded this week by the good folk at Elliott Wave international of the folk-tale “Ali Baba and the 40 Thieves,” …..

Charts:
1.Indices Weekly
2.US Durable Goods Orders
3.E-Z Bank Lending to the Private Sector
4.China 1st and 2nd Tier Property Prices
5.Commodity 1 Week Moves

Table:

13 Indices, 11 columns of detailed information, for accurate analysis

History Never Repeats Exactly, but it Sure Does Rhyme

Click Here to view Details of the full version of this Newsletter which includes full text and detailed Charts for each section

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