OK Rishi, well done I think he's passed the test here, by providing fiscal certainty to the market. Here's a quick rundown of what he has laid out in the Spring budget... Rather than reinvent the wheel, you can check out the full budget breakdown here 👇
It was an incredible day in the markets yesterday. We saw a large rotation into small caps, and the Russell 2000 went limit up (+7%) before the cash open. Longer dated U.S treasury yields gained, with the
Biden vs Trump is being billed as THE BIG ONE. The bar has been set pretty high. What actually matters? Will the event match up to the hype?
Robin Williams in 2009, talking about the banks and their liquidity addiction. But this time it's different.Shhh, it actually is. The banks (generally) have plenty stashed away. Â It's households and businesses that need juicing this time. Unfortunately,
The euro is bleeding. It's now trading sub 1.17 with some pretty nice price action below this level which should maintain underneath it for now. This comes after a load of chat out of the Fed today.
Equities have had a bounce! There's maybe some technical reasoning here. The 100 daily exponential moving average has shown some support. TradingViewI'd argue though that it's more to do with weakness outside of the US and a forced
The dollar has had an unreal day of it with the dollar index approaching 94.00. TradingViewEURUSD, USDCAD, USDJPY and GBPUSD have all found themselves approaching key levels which have either been broken (USDCAD), have failed (USDJPY), or
