Which textbook would tell you that credit spreads, especially in the high yield sector, would be lower at 5% interest rates than when they were at 1.5%?! It's insanity, right?
This is pure hypothesis here and almost back of envelope thinking... But something came to me right as I woke up this morning. What if, the market only goes down based off a big negative delta on the rate of change of global central bank liquidity on aggregate?
Manchester United are about to be bought by Qatar. Fact. Well, it's not exactly a fact, but all signs are pointing to this happening. The one in the main for me at the moment is the rapidly increasing share price with just no let up.
Did you know UK GDP during the pandemic was only the worst in the G7 because of a methodology change?
Yesterday's article had mentioned a paper on hedgefunds going against media (and therefore public and uninformed traders') sentiment. Have a read of the PDF if you missed it...
After the trouncing of altcoins late on Friday night, I decided to do a little sentiment digging by posting the below Tweet, which probably most have seen by now...
Roosting elephants? Almost as mental as thinking the market might go down, right? That's what I had mentioned on Friday in this piece.
Oops. UK housing prices did a naughty this morning. THE FIRST NEGATIVE PRINT IN 11 YEARS
