Silver as an investment

Category Archives: National Team

World’s Third Largest Shipbuilder Crashes 29% Amid Asian Equity Carnage

Shares in Samsung Heavy, the world’s third largest shipbuilder, plunged by 29% during Wednesday’s trading session after unexpectedly forecasting operating losses this year and 2018 and announcing a capital raise. Meanwhile, Asian equities tumbled, led by technology, mining and industrial companies, with the MSCI Asia Pacific Index falling for eight straight days, its longest run […]

Stocks Hit Record Highs As Tax Hype Trumps Nuclear Doomsday Fears

Wholesale inventories plunge and Kim shoots off some missiles… but Powell panders to TBTF banks and GOP pushes tax bill = so buy mortimer buy…   Overnight saw The National Team step in and save China…   But today's market action was dominated by the usual opening idiocy, tax-reform headlines, Jerome Powell comments, and North […]

China’s Record Yield Curve Inversion “Spells Disaster”

Overnight we noted that the Chinese stock and bond markets 'turmoiled' as The National Congress came to an end and the forced repression of any weakness ended. Perhaps the most critical aspect of the moves was the push to new record levels of inversion in the Chinese sovereign bond curve. The Chinese yield curve has […]

“Something’s Breaking” – Yuan Suddenly Spikes To 2-Month Highs

Traders in Asia are bemused as offshore Yuan suddenly spikes by the most in 2 months (following dollar’s post-Fed-Minutes breakdown) to 2-month highs… It seems The Fed’s potentially dovish realisation that data-dependence is going to hold them back from their plans to hike rates no matter what is rippling through the world’s risk markets as […]