Investment Markets Overview — W/E 16th December 2016

“Sentiment”….like so many nouns has more than one meaning, “I agree with your sentiments regarding him or her,” OR, “a definition of feelings and emotions.” For the purpose of this column, however, it can be a great gauge of crowd psychology, and a very useful guide to market turning-points, particularly when bullish or bearish sentiment extremes are recorded. It has been a week for “record” sentiment readings across most asset classes, including stock, bonds, currencies and within the precious metals space, hence they are shared with subscribers within each section of this week’s overview. For our other readers who have free access to the first paragraph of the weekly market overview and the ad-hoc blogs, here is a sentiment indicator that most Socionomist’ would identify without even blinking. In a week that the FOMC raised interest rates, by effectively following the market increase and the Bank of England left rates on hold, a common denominator from both Central Banks and the crowd of economists’, fund managers’ and various commentators who seek clues from them, is a unanimous conclusion  that CPI inflation is moving ever higher. Meanwhile, one of the best guides to higher inflation (or not,) a basket of North American gold and silver –mining stocks known as the XAU and which is purposely always covered within this weekly column, saw an 8% slide on the week, is 35% lower than its August high with it now at the same price level as seen in 1984, 32-years ago!

For more on sentiment, comment on the main investment areas of the globe, including the main economic news of the week, with interesting supporting charts, enjoy the read. For those still pondering a subscription, which costs less than a weekly pint at the pub and has no contract commitment, you can access it here:

16-dec-2016

 

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 that “unanimous on higher CPI inflation myth,” Bank of England boss Carney revised his guidance yet again at this week’s monetary policy meeting, despite being consistently  ……

Charts:
1.  Indices Weekly
2. US House-Builders Index V US Housing Starts
3. UK CPI Inflation V UK 10-Year Interest Rates
4. China  Household Debt V China Non – Fin Corp Debt
5. Commodities Weekly

Table:

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

                                                                 “The Devil is in the Detail”

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

seasons-greetings

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: