Markets Rally Ahead of Biden’s Philly Talk
Markets rally ahead of Biden’s spending announcement in Philadelphia. NAB’s Tapas Strickland says we know most of what will be said, and shares are rallying on the hope.
Month: March 2021
Royal Mail Delivers, Deliveroo More Doubtful
Royal Mail will do well overseas, but what about the domestic business. I ask @StreeterNews. The future is less bright for Deliveroo. Where is the vison in their Prospectus? Plus Bitcoin on Paypal. A game changer?
Biden the builder
It’s hard to reduce the overnight action into a soundbite says NAB’s Ray Attrill, with quarter end, a big rise in US consumer confidence and anticipation of Biden’s infrastructure plan today.
Websites by Numbers
Who really pays for the collapse of Archegos Capital? Plus, is your web presence doing the best it can? Today @dickendoe from @Foolproof_UX talks about how data can drive improvements by understanding your customer better.
Open for business
With risk aversion from yesterday’s block trade gone, and the Ever given floated, NAB’s Gavin Friend says attention will focus on price pressures, starting with Germany’s preliminary inflation numbers for March later today.
If you gamble, you lose
Today, Rodney Hobson on the FCA’s concerns that too many inexperienced people are gambling on shares. Plus, the massive block trade on Friday and the loss in value of the company behind Andrew Neil’s GB News. And, have we reached peak-China?
Block trades and blocked trade
Month/quarter end and supply concerns added to volatility on Friday says NAB’s David de Garis, but the direction is clearly risk-on. Biden’s infrastructure plan could add to that this week.
The fallacy of the supply curve
Last week @profstevekeen showed why the law of demand was useless. This week on the Debunking Economics podcast he pulls apart the supply curve.
Savings will slow the bounce back
We are going to be more cautious with our money post COVID says Rachel Springall from @Moneyfacts_couk. Plus, Britain’s $13 billion tech company. And lockdowns for longer?
Mixed sentiment sees markets move sideways
Markets are being pulled in two directions says NAB’s Gavin Friend. It’s the prospect of an economic reopening, versus the slow-down in vaccine rollouts in Europe. But Biden has doubled his vaccine target for his first 100 days. Meanwhile, oil rises further as the Suez stays closed.
THE TWITTERATI
GDP in Q1 1.5% down on Q4. Hardly surprising given the lockdown. The economy is still 8.7% smaller than just before the pandemic, whereas US GDP is close to where it was, thanks to massive government spending.
BBC breakfast just said economists believe today's GDP numbers will be better than expected. So are expectations higher than expectations?