Tag Archives for " Brexit "

1848?

BTFD or STFR depends on what game you think is really being played out there in markets. The recent bounce in equity prices on the apparent reversal in the Fed’s QT narrative together with an improving narrative on Chinese tariffs and now hopes for a reversal in Brexit, notwithstanding the resounding defeat of Theresa May’s […]

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Brexit means Brexshit!

Confused? You certainly should be as the political game of betrayal over Brexit reaches its denouement. In the very short term, markets (both fx and equity) are unfazed by the ‘deal’ being foisted on them, as they have already been softened up by the project fear propaganda – ‘any deal is better than no deal’.  […]

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June US jobs data – surprisingly stable

Yes, its out; the US non-farm payrolls for June.  In between love island, the World Cup footie and what counts as financial porn (endless tit-for tat negotiations on tariffs and Brexit) you might have missed these. For those fretting about interest rate rises on an overheating employment market, I shouldn’t worry too much that it […]

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If the Tories are heading for extinction, what next – Corbyn for PM?

Can it get much worse for Theresa May? Having botched an unnecessary general election, her grand solution to the Brexit negotiations is basically to try and do nothing.  Having been sucked into the EU’s negotiating agenda of pay now, talk later on trade (or perhaps not at all), her ‘Florence’ proposal is now to seek […]

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