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The US-China trade war — what the changing fundamentals mean

Progress in the US-China trade war may be about to stall as the quick-wins have been largely used up. Fundamental issues with the nature of trade remain. Regardless of the tariffs involved, both parties try to restructure the business they do with each other. President Trump’s trade policies are resulting in an economic slowdown that could endanger his…

WeWork (WE) delays IPO, still expects to float in 2019

Shared workspace start-up cancels this week’s IPO roadshow Delay due to low investor demand and corporate governance issues WeWork delivered $1.8bn sales but still lost $1.9bn in 2018 WeWork (WE) said it still plans to go public before the end of 2019 despite cancelling a pre-IPO roadshow on Tuesday. The delay follows a tepid response from investors and…

Wells Fargo breaks ranks – Joins JPMorgan with internal crypto solution

The Crypto-verse just got a little larger. In the ongoing debate between all things crypto and central bankers, along with their broad constituency of financial institutions, very few, if any, major global banks have broken ranks and jumped on board the crypto and blockchain “train”. In several instances, banks across the globe have even refused to provide bank…

Make or break?

So many moving parts over past 24 hours, but equities have not reacted much at all. Next big topic is what the Fed will do. Below is just a quick review of the main index charts. Major US and European indices are all close or at highs post the last move higher since late August. SPX is at…

Bitcoin – bulls and bears watch prices move sideways

Bitcoin continues to trade a falling wedge pattern, but price is getting close to a point where it has to make a decision. This week sees the US Fed release its September market update. Increasing uncertainty about the direction of interest rate policy may be the catalyst for a bitcoin break-out. Underlying fundamentals are little changed. Prices are…

New Gartner Study: Blockchain to revamp most industries in next decade

As far as global consulting firms go, Gartner has garnered a unique reputation within the industry – When they speak, people do listen. They have had their hands on the pulse of global commerce, regardless of cultural differences or the sources of change. They know their business when it comes to IT, finance, human resources, customer service, sales,…

Growing uncertainty — Markets waiver as US Fed update nears

One day to go before the US Fed gives its decision on interest rate policy. The markets are increasingly uncertain about the policy decisions that Jerome Powell is set to announce. The monthly announcement is always a time of uncertainty, but the September report is thought to have been nailed down for some time. Markets have moved from…

Endeavor (EDR) to raise $600m after revealing IPO details

Hollywood talent agency owner to price 19.4m shares at $30–$32 Plans to list on New York Stock Exchange, exact timing to be confirmed Datadog (DDOG) one of five planned US IPOs this week Global entertainment enterprise, Endeavor(EDR), is set to list on the New York Stock Exchange and raise in excess of $600m in a lucrative initial public…

Bitcoin volatility has been low of late – Time to remember why prices move

Bitcoin has a reputation for making wild swings in market value, but lately the world’s favorite digital asset has been anything but volatile. If facts be known, it has actually been sluggish of late. Volatility has fallen drastically, hitting lows not seen since last May before its meteoric rise. BTC has been range bound for weeks on end.…

What if Oil revives the Recession?

The oil “shock” of today is the main story, but as I outlined in the previous article, oil has many related plays, and there will be plays in other assets worth taking a look at. Just before writing this, news was hitting the tapes that Aramco now sees weeks without majority of Abqaiq output. In a world of…

It is all about oil

What a move in oil! Who attacked and what will happen next is to be debated and will be a hot topic going forward? Oil broke out of a huge wedge/triangle formation today that has been accumulating for a bigger move. After a 11% move, as of writing, it is impossible to say where we will go next,…

ECB QE and rate cuts — enough to shake the sleeping giant?

Thursday 12th September — the ECB reported rate cuts, the reintroduction of QE and plenty of dovish ‘future guidance’ The shared concern is that this might not be enough to revive the eurozone economy There is some disagreement about what other policy measures might be needed A fissure is forming between those promoting fiscal intervention and those preferring…

Litecoin finally forms a bottoms after halving event – Is it all up from here?

Litecoin, currently the fifth largest coin system according to market capitalization, was the crypto “Poster Child” for 2019 up until the latter part of June, having climbed from the end of last year from a value of just under $32 to nearly surpassing $150. If you do the math and compare to Bitcoin, LTC actually outperformed the market…

Oil price on fire — drone attacks knock out Saudi production

Oil prices spike 10% on the back of drone attacks, which wipe out Saudi Arabian oil infrastructure and plants. Global supply is cut significantly by the actions of Houthi rebels. Short-term supplies appear particularly affected as prices on near dated oil forwards soar. National governments announce the release of reserves held back to meet such a crisis. Secure…

Broadcom Inc. (NASDAQ:AVGO) sounds semiconductor warning

Chipmaker delivers $5.16 Non-GAAP EPS and $5.52bn revenue for latest quarter CEO says semiconductor markets have “hit bottom” and will remain there in coming months Reiterates previous guidance for $22.5bn revenue for full year Shares down to $292.86 by Friday’s close, three-month gain cut to 4.5% Broadcom Inc. (NASDAQ:AVGO) shares ended Friday’s session 3.4% lower after the chipmaker…