Investment Markets Overview –W/E 12th December 2014

What a week it was for market turbulence, as Greek stocks tumbled by 13% in a day, on its way to a 20% weekly rout, whilst the main stock-indices of Dubai and Argentina also saw double-digit falls over the week and the Shanghai Composite managed a one day swoon of 5%, whip-sawed by daily sentiment towards the Peoples Bank of China’s intentions. Meanwhile, aside of continued volatility within the commodities complex, where commodities are lower by 20% since July, led by Oil’s 40% slide, US and UK interest rates, as measured by their respective 10-year sovereign bond yields, fell by a near 10% this week, having rocketed by + 100% since their mid-2012 lows to early 2014. The year-to-date has witnessed a retracement to typical Fibonacci levels, including this week’s move, and now look set to move far higher, regardless of the myth that Central Banks are in control as opposed to market forces. In fact, the common denominator for much of the above volatility can be placed at the door of the CBs and their political “masters,” if indeed there is any control, as years of unsustainable credit growth have caused a mass mis-allocation of capital and fuelled asset bubbles that become very unstable once they can inflate no more.

12 Dec 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 . . .

A report by Democrats on the Senate “Intelligence” Committee suggests that the CIA misled Congress and the White House   …….

Charts:
1.Indices Weekly
2.US Sm Bus Confidence V  US Consumer Confidence
3.Greek ASE Index V Russian RTS$ Index
4.China CPI & PPI V China M2 MS
5.Commodity 1 Week Moves

Table:

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

Accountability means accepting responsibility, not rewards when wrong

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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