Speculative appetite – also called ‘animal spirits’ – is holding effective control over the capital markets. Despite regular warnings over the health of the global economy and infighting that suggests there is little capacity or will to fight future fires, the markets continue their advance in pursuit of capital gains.
Is the narrative of global investing themes shifting from a certain bear market to possibly setting the stage for new highs in equity indices in
The fundamental environment will grow increasingly tumultuous over the coming week. We wil continue to sort through general themes like the lifting of the US
The US stock market will look to earnings from some of the major corporations like Microsoft, Amazon and Facebook. Elsewhere, the DAX will look to
As the government shutdown drags on, investors are becoming increasingly concerned with the likelihood of a recession as business leader confidence dips.