Sunday, 21 May 2017

Stories we should be thinking about 21/05/17

Stories we should be thinking about

Here are a few finance and related stories to be thinking about ahead of the new working week...

Macro matters:

Let’s start with consumption which is, of course around 70% of a developed market economy.  So kind of interesting/worrying to read this about UK wage trends in The Sunday Times:



‘wages would not rise above 2007 levels until 2022, adjusting for inflation…Even with unemployment at a 40-year low, shifts in the labour market such as the growth of part-time work and zero-hours contracts suggest that pay has become less responsive to greater competition for jobs’

Hmm…some difficult comps coming up for UK retail sales from the summer onwards.  I still like more domestic plays…but focus on your stockpicking.

Meanwhile consumption/wage trends are not much better elsewhere in the world.  Here's the recent European trend…



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Tuesday, 16 May 2017

"Unless you are an unbending yield muncher… sell Vodafone here"

I wrote a piece titled "Unless you are an unbending yield muncher… sell Vodafone here" which was uploaded just now to the ShareProphets website.  A link to the piece (free sign-up) is here.



Sunday, 14 May 2017

Stories we should be thinking about


Stories we should be thinking about

Here are a few finance and related stories to be thinking about ahead of the new working week...

Macro matters:

Let’s start in France…and the country’s new President Emmanuel Macron says the EU will be 'reformed and relaunched'.  Good – and essential – sentiments…


…from a man who is close to the median age of his electorate:



…so slightly worrying to read on the front page of the Weekend Financial Times that he a be struggling to put together a domestic Parliamentary constituency:

‘Emmanuel Macron, France’s president-elect, suffered a setback in his push to renew the country’s political system after a key political ally claimed he had broken a deal to share out seats in next month’s parliamentary election.

Mr Macron’s party La République En Marche on Thursday unveiled a list of 428 candidates for the National Assembly elections…The list prompted a furious reaction from François Bayrou, a veteran centrist who backed Mr Macron at a critical moment in his presidential campaign. Mr Bayrou said the list was just “a recycling operation of the Socialist party”, and accused the incoming president of betraying a pre-election pact’


He is going to need to also get the help of the European paymasters…the Germans.  And on that front…

You can read all of Stories we should be thinking about for free by clicking here.