Investment Markets Overview — W/E 2nd December 2016

“The Donald”….commenced a “victory tour” this week, no doubt as a welcome break from the constraints of the New York “Trump Tower” and his nearby golf resort, where he’s been busy assembling his inner circle for cabinet. Contrary to the pre-election perception that he was all about the “blue collar” society and to “draining the swamp,” of DC, he has made key financial appointments of Wall St cronies, in particular from Goldman Sachs, who for far too long have held undue and damaging influence in Washington, and for most of the globe come to that. Furthermore, for his Defence Secretary he has gone for a career warrior, “Mad Dog General James Mattis,” a 66-year old who retired in 2013 after a 41-year career in the US Marines, that took him from a rifleman to a General and who has had extensive combat experience in the Middle-East and Afghanistan along the way. Like Trump, a hawk on Iran, it will be interesting to see how Mattis shapes up versus say the British Defence Secretary, Sir Michael Fallon, a career politician who has never held down a proper job let alone a weapon. Perhaps, and this may be wishful thinking, an ex warrior may actually think twice before putting lives on the line. Returning to “the Donald’s tour,” his first stop was at a manufacturing plant in Indiana, reverting to blue-collar, where he added a “stick” to the “carrot” of a potential reduction in corporate tax from 35% to 15%. The “stick” took the form of a warning that, “companies are not going to leave the United States anymore without consequences,” whilst not specifically stating what the penalties will be.

For the markets, it was all about Oil and OPEC this week, with the Oil price range widening to 6% during the two days ahead of OPEC’s Vienna meeting, followed by a near 16% spike over the two days that followed it. There is a lot more on this below plus interesting comment and charts on the other main asset classes for the week:

25-nov-16

 

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 . . .

 Quite how a higher oil price and higher interest rates are perceived to be “bullish” for stocks is beyond this commentator ……

Charts:
1.  Indices Weekly
2. US Consumer Confidence V US GDP V US HPI
3. E-Z  Confidence Readings X 3
4. Japan Sm Business Confidence V Japan Retail Sales
5. Commodities Weekly

Table:

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

                                             “Change can be a Shock but it can be a Positive also”

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

 

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