Thierry Laduguie

The German DAX has been lagging the S&P 500, the S&P 500 made a new all-time high while the DAX turned down below its all-time high [13789]. It is not clear if the DAX will make a new all-time high because the pattern during the latest decline appears to be a falling wedge, this could […]

US investors have pushed the S&P 500 to all-time high while playing down the effect of the Coronavirus on the economy. Recently we learned that some of the largest companies in the world are lowering their earnings guidance due to the coronavirus. Burberry said that the coronavirus has wiped out three quarter of its sales […]

Politicians, central bankers and CEOs have a hidden agenda, they want you to believe everything is great. They have created the great disconnect between the economy and the stock market, and people should be worried. Despite talks that the global economy will improve next year, this disconnect is not going away . The latest warning […]

There are some shares that are solid in both bull and bear markets, one example is beverages company Diageo (DGE). In bull markets the stock tends to move up with the FTSE 100 index. In bear markets the stock outperforms the index, it has a strong relative strength. As the risk of a global recession […]

Stock markets rallied yesterday, the S&P 500 in particular was very strong. The US index has retraced nearly 62% of the recent decline from the all-time high. The FTSE 100 is lagging, the UK index has retraced 23% of its decline. Both FTSE 100 and S&P 500 are in a second wave up. Second waves are generally […]

The rally in the stock market extended yesterday, the FTSE 100 rallied above 7600 fueled by the declining GBP/USD and rising S&P 500. The S&P 500 is at new all-time high below 3000. The combination of rising S&P, declining GBP/USD is bullish for the FTSE 100. I have been expecting a rally in GBP/USD but the […]

Markets are plunging this morning after Trump imposed tariffs on all goods from Mexico. At the same time China released some economic news, the Chinese manufacturing PMI came in lower than expected. So global growth is the main concern this morning, shares are falling and bonds are rallying. US yields are making new lows, which […]

Last night FOMC statement did not have a significant influence on the markets, investors were struggling to find anything bullish or bearish in the statement. Basically the Fed is not sure whether to raise rates, do nothing or cut rates. The committee is not concerned about a significant slowdown in economic growth. That would be […]

Research shows that extreme optimism coincides with market tops. The question is, where are we now in the cycle? Has the mood reached extreme optimism? Possibly if we refer to some sentiment indicators. Let’s not forget the S&P 500 is up 19% since the December low, this surely can be described as an optimistic move. […]

The Fed has often said that inflation is low and many analysts are puzzled. Why is inflation so low after a massive money printing program by the Fed? The Fed has been worried by deflation since the last financial crisis, the purpose of QE was to create inflation, to boost asset prices and to create […]