Amounts small enough to constitute juts a test for educational purposes.
Two Asian funds that are part of the planned portfolio re-build, so more or less due another buy anyway this week. I have figured that the 12.00 valuation cut-off means I get the price generated at that time, and in the case of the Asian markets that ought to mean the price captures the steep falls overnight. Well, let's see...
I think the world would have been better off with an incoherent & dementia driven Mr Bidden than Mr Trump.
Nobody really has a clue how this will pan out.
Indeed. And markets like certainty. Most of the selling is down to panic about the unknown. I'm pretty sure things will calm down over the next day or 2 and then start to righten themselves.
Just had my first email from a client panicking & asking me what to do. At 08.04.
Many would like things to "calm down over the next day or 2" but the question is what's the bottom of this fall? When it comes to the S&P is it 3,000 (ouch!), 4,000 or perhaps 4,500?
Every day sees a 5% drop so how many days? We're in similar territory to the 2008 crash and the start of Covid, but this time it's all down to one man's obsession with tariffs and trade deficits.
🇺🇸 is still a democracy and pressure from billionaires via senators etc will be piling up on Trump. They will be toast in the mid-terms unless they get a grip!
I still can't help but think he's shorting the markets on purpose. Take them down 25%, invest heavily and bring them back up by relenting on the tariffs. Easy money........
Why didn’t he do this last time in was in office?
He's since had 4+ years to think about it! I'm sure I'm wrong and that he's just a total idiot, but is anyone really that stupid?.......
The general vibe around this reminds me both of Truss/Kwarteng, and going back to 1992 when another idiot Norman Lamont tried to take on George Soros and raised interest rates from 10% to 15% in two moves on one day. By the end of the day they'd thrown in the towel sterling left the ERM, and the interest rate returned to "only" 10%. Thankfully, because I was at the age where I and most of my friends had mortgages taken out pre the recession the country was now in. I was at home in leafy Surbiton that day and recall that with the second hike announced on radio people literally opened their front doors seeking out others to share their shock with.
The trouble with those comparisons is that these issues were national. There were adults in the room ready and able to step in. At the moment, I don't see that over there.
I think the world would have been better off with an incoherent & dementia driven Mr Bidden than Mr Trump.
Nobody really has a clue how this will pan out.
Indeed. And markets like certainty. Most of the selling is down to panic about the unknown. I'm pretty sure things will calm down over the next day or 2 and then start to righten themselves.
Just had my first email from a client panicking & asking me what to do. At 08.04.
Many would like things to "calm down over the next day or 2" but the question is what's the bottom of this fall? When it comes to the S&P is it 3,000 (ouch!), 4,000 or perhaps 4,500?
Every day sees a 5% drop so how many days? We're in similar territory to the 2008 crash and the start of Covid, but this time it's all down to one man's obsession with tariffs and trade deficits.
🇺🇸 is still a democracy and pressure from billionaires via senators etc will be piling up on Trump. They will be toast in the mid-terms unless they get a grip!
I still can't help but think he's shorting the markets on purpose. Take them down 25%, invest heavily and bring them back up by relenting on the tariffs. Easy money........
Why didn’t he do this last time in was in office?
He had semi sensible people around him in his first term. Now he's got a load of clapping seals that fall on his every word, regardless of how nonsensical they are.
I think the world would have been better off with an incoherent & dementia driven Mr Bidden than Mr Trump.
Nobody really has a clue how this will pan out.
Indeed. And markets like certainty. Most of the selling is down to panic about the unknown. I'm pretty sure things will calm down over the next day or 2 and then start to righten themselves.
Just had my first email from a client panicking & asking me what to do. At 08.04.
Many would like things to "calm down over the next day or 2" but the question is what's the bottom of this fall? When it comes to the S&P is it 3,000 (ouch!), 4,000 or perhaps 4,500?
Every day sees a 5% drop so how many days? We're in similar territory to the 2008 crash and the start of Covid, but this time it's all down to one man's obsession with tariffs and trade deficits.
🇺🇸 is still a democracy and pressure from billionaires via senators etc will be piling up on Trump. They will be toast in the mid-terms unless they get a grip!
I still can't help but think he's shorting the markets on purpose. Take them down 25%, invest heavily and bring them back up by relenting on the tariffs. Easy money........
I think the world would have been better off with an incoherent & dementia driven Mr Bidden than Mr Trump.
Nobody really has a clue how this will pan out.
Indeed. And markets like certainty. Most of the selling is down to panic about the unknown. I'm pretty sure things will calm down over the next day or 2 and then start to righten themselves.
Just had my first email from a client panicking & asking me what to do. At 08.04.
Many would like things to "calm down over the next day or 2" but the question is what's the bottom of this fall? When it comes to the S&P is it 3,000 (ouch!), 4,000 or perhaps 4,500?
Every day sees a 5% drop so how many days? We're in similar territory to the 2008 crash and the start of Covid, but this time it's all down to one man's obsession with tariffs and trade deficits.
🇺🇸 is still a democracy and pressure from billionaires via senators etc will be piling up on Trump. They will be toast in the mid-terms unless they get a grip!
I still can't help but think he's shorting the markets on purpose. Take them down 25%, invest heavily and bring them back up by relenting on the tariffs. Easy money........
Why didn’t he do this last time in was in office?
He's since had 4+ years to think about it! I'm sure I'm wrong and that he's just a total idiot, but is anyone really that stupid?.......
Possibly not in his first term as he wanted to be re-elected but as this his final term he has lit the fuse.
Very glad I talked the fun prevention officer for taking hers last year !!!!
Billionaire hedge fund manager Bill Ackman — a vocal supporter of Donald Trump — has urged the president to pause his sweeping new tariffs, warning they could economically devastate America if implemented, as planned, on Wednesday.
Ackman, the CEO of Pershing Square Capital Management, claimed that while the country is “100% behind” Trump’s mission to fix the global tariff system, he is currently “losing the confidence of business leaders around the globe.”
Trump should announce a 90-day timeout to negotiate new deals, Ackman suggested. Without that pause, he warned, the U.S. will launch an “economic nuclear war” that may cause business investment in America to “grind to a halt,” markets to crash and workers across all sectors to lose their jobs.
“The consequences for our country and the millions of our citizens who have supported the president — in particular low-income consumers who are already under a huge amount of economic stress — are going to be severely negative,” Ackman said. “This is not what we voted for.”
“The president has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system,” Ackman concluded. “Alternatively, we are heading for a self-induced economic nuclear winter. May cooler heads prevail.”
Not much to laugh about atm but can only chuckle as Rachel from accounts plots to limit the amount people can invest in cash ISAs because of the greater returns available from S&S ISAs!
They said we would feel the disastrous effects of Truss's budget for years to come. I've never really understood why, but that's what the experts said. What of Trumps Dalliance!!
Not much to laugh about atm but can only chuckle as Rachel from accounts plots to limit the amount people can invest in cash ISAs because of the greater returns available from S&S ISAs!
Not really the reason she has been "asked" to consider it but I understand the sentiment behind your post.
In reality there are billions sitting in Cash ISA's (a lot of it belonging to older people who aren't in the market for chasing rates) earning very little for the saver as well as for the country. The idea is to move some of this money into the market so Companies get a boost to their coffers, share prices rise & the economy grows. Problem is Financial Advisers would be (quite rightly) advising clients to spread the money around various countries & asset classes and therefore very little might end up in the UK market. I know there was a "British" ISA mooted but I really dont know how you could police this as funds are switched around all the time and very hard to monitor a product that only contains UK shares.
I did like one idea suggested by Will Self a good few years ago when interest rates were at their all time low. He advocated that savers should have to PAY banks to look after their money instead of receiving interest on it ! The idea is that banks are safeguarding your money (like Gold & jewels in a safe deposit box) and so you should have to pay for that service. Otherwise you should invest it to actually see a return on your money.
The general vibe around this reminds me both of Truss/Kwarteng, and going back to 1992 when another idiot Norman Lamont tried to take on George Soros and raised interest rates from 10% to 15% in two moves on one day. By the end of the day they'd thrown in the towel sterling left the ERM, and the interest rate returned to "only" 10%. Thankfully, because I was at the age where I and most of my friends had mortgages taken out pre the recession the country was now in. I was at home in leafy Surbiton that day and recall that with the second hike announced on radio people literally opened their front doors seeking out others to share their shock with.
The trouble with those comparisons is that these issues were national. There were adults in the room ready and able to step in. At the moment, I don't see that over there.
I think the world would have been better off with an incoherent & dementia driven Mr Bidden than Mr Trump.
Nobody really has a clue how this will pan out.
Indeed. And markets like certainty. Most of the selling is down to panic about the unknown. I'm pretty sure things will calm down over the next day or 2 and then start to righten themselves.
Just had my first email from a client panicking & asking me what to do. At 08.04.
Many would like things to "calm down over the next day or 2" but the question is what's the bottom of this fall? When it comes to the S&P is it 3,000 (ouch!), 4,000 or perhaps 4,500?
Every day sees a 5% drop so how many days? We're in similar territory to the 2008 crash and the start of Covid, but this time it's all down to one man's obsession with tariffs and trade deficits.
🇺🇸 is still a democracy and pressure from billionaires via senators etc will be piling up on Trump. They will be toast in the mid-terms unless they get a grip!
I still can't help but think he's shorting the markets on purpose. Take them down 25%, invest heavily and bring them back up by relenting on the tariffs. Easy money........
Why didn’t he do this last time in was in office?
He had semi sensible people around him in his first term. Now he's got a load of clapping seals that fall on his every word, regardless of how nonsensical they are.
Trump also has billionaire backers who wish to reshape many aspects of the world we live in.
One can google to reveal that 52% of Trump / Republicans identify as MAGA, which is a record high... so 48% are not.
Earlier today an FT article noted that 40-50% non MAGA Trump 2024 voters now disapprove of Trump, depending upon the issue selected. And that's before he goes after Medicaid!
That translates into losing 20-24% of his vote within 100 days of inauguration!
Billionaire hedge fund manager Bill Ackman — a vocal supporter of Donald Trump — has urged the president to pause his sweeping new tariffs, warning they could economically devastate America if implemented, as planned, on Wednesday.
Ackman, the CEO of Pershing Square Capital Management, claimed that while the country is “100% behind” Trump’s mission to fix the global tariff system, he is currently “losing the confidence of business leaders around the globe.”
Trump should announce a 90-day timeout to negotiate new deals, Ackman suggested. Without that pause, he warned, the U.S. will launch an “economic nuclear war” that may cause business investment in America to “grind to a halt,” markets to crash and workers across all sectors to lose their jobs.
“The consequences for our country and the millions of our citizens who have supported the president — in particular low-income consumers who are already under a huge amount of economic stress — are going to be severely negative,” Ackman said. “This is not what we voted for.”
“The president has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system,” Ackman concluded. “Alternatively, we are heading for a self-induced economic nuclear winter. May cooler heads prevail.”
The biggest problem in the USA is Trump - he's surrounded by sycophants who won't challenge him. Trump has made it pretty clear he's not bothered if the markets tank and chaos ensues across the globe.
Trump is either tanking the market on purpose or genuinely believes his economic vision will benefit the States.
I can't see how any 'sensible' business leader or economist can support this disastrous policy.
The general vibe around this reminds me both of Truss/Kwarteng, and going back to 1992 when another idiot Norman Lamont tried to take on George Soros and raised interest rates from 10% to 15% in two moves on one day. By the end of the day they'd thrown in the towel sterling left the ERM, and the interest rate returned to "only" 10%. Thankfully, because I was at the age where I and most of my friends had mortgages taken out pre the recession the country was now in. I was at home in leafy Surbiton that day and recall that with the second hike announced on radio people literally opened their front doors seeking out others to share their shock with.
The trouble with those comparisons is that these issues were national. There were adults in the room ready and able to step in. At the moment, I don't see that over there.
Worth remembering who was advising Norman Lamont back in 1992. David Cameron.
In fairness, the President should be congratulated on all this winning he's doing. He deserves all the congratulations, in the same way that Southampton do for winning the Premier League this weekend.
A quiet consensus is that he is determined on changing the status quo with characters like Soros and the old school financial influencers. I don’t know enough about how that would work or what a win would look like to comment but it seems like leading an army equipped with catapults into a fight with people armed with machine guns. I'm not impressed with what his decisions are doing to my pension fund or my other investments as this seems to have struck the UK now but if this apparent madness leads to a massive uptick we will forget quick enough, I cant say I've got any sympathy for George Soros nor do I have skin in the game of whatever Trump is up to
What I will say, normally a president wouldn't have the credit in the bank to do things like this as they would have one eye on 4 years time but Trump is surrounded by people who, regardless of their economic intellect, clearly dont want to lose their seat at his table and that worries me, leaders have to have objective and objectionable views to contend with their own opines.
He has detonated a bomb, a big fucking nuclear one and I can't understand why
In fairness, the President should be congratulated on all this winning he's doing. He deserves all the congratulations, in the same way that Southampton do for winning the Premier League this weekend.
I think truth left the building a long time ago in Trumpworld.
I think the world would have been better off with an incoherent & dementia driven Mr Bidden than Mr Trump.
Nobody really has a clue how this will pan out.
Indeed. And markets like certainty. Most of the selling is down to panic about the unknown. I'm pretty sure things will calm down over the next day or 2 and then start to righten themselves.
Just had my first email from a client panicking & asking me what to do. At 08.04.
Many would like things to "calm down over the next day or 2" but the question is what's the bottom of this fall? When it comes to the S&P is it 3,000 (ouch!), 4,000 or perhaps 4,500?
Every day sees a 5% drop so how many days? We're in similar territory to the 2008 crash and the start of Covid, but this time it's all down to one man's obsession with tariffs and trade deficits.
🇺🇸 is still a democracy and pressure from billionaires via senators etc will be piling up on Trump. They will be toast in the mid-terms unless they get a grip!
I still can't help but think he's shorting the markets on purpose. Take them down 25%, invest heavily and bring them back up by relenting on the tariffs. Easy money........
Why didn’t he do this last time in was in office?
There was enough sensible people to stop him last time. There isn’t now.
It will be interesting to see if the tariffs are still in place in six months time and how global businesses are affected along with prices and inflation. It's really just panic and uncertainty at present.
It does seem to be a massive upheaval with potentially a huge number of losers.
Interesting to see if Trump can carry his support with him. If he keeps spouting positive messages I assume that will be enough.
It will be interesting to see if the tariffs are still in place in six months time and how global businesses are affected along with prices and inflation. It's really just panic and uncertainty at present.
It does seem to be a massive upheaval with potentially a huge number of losers.
Interesting to see if Trump can carry his support with him. If he keeps spouting positive messages I assume that will be enough.
I can't see this lasting for 6 months, we'll be well into another global recession. If countries don't take him up on a trade deal, Heard and McDonald islands certainly won't be attending any meetings, hopefully he should start reversing the tariffs.
He could run over his fanatic's cats and burn their homes down and it won't change their love for him, but I wonder if the average Joe is now regretting their vote.
It's all about revenge for percieved slights for him. He's a vengeful, petty idiot who is happy to cut off his country's nose to spite his face. I hope it ends soon and suddenly.
It's all about revenge for percieved slights for him. He's a vengeful, petty idiot who is happy to cut off his country's nose to spite his face. I hope it ends soon and suddenly.
Shorting opportunity for those with the means isn't it, with stocks and other assets on the slide. A select few will be able to get even richer, and anyone forced to sell assets to weather this won't be able to buy them back, and faces being squeezed out over the longer term. Trump's base (mainly the "poorly educated") won't be so effected as they had nothing anyway, but a segment of the employed/middle class will be having an anxious time right now and may not forgive him.
It's all about revenge for percieved slights for him. He's a vengeful, petty idiot who is happy to cut off his country's nose to spite his face. I hope it ends soon and suddenly.
He seems to be that a trade deficit with a country is them being raped and pillaged but surely that's what trade is about. If America needs coffee it has to buy from abroad but that doesn't mean the othet country has to buy from them if they have nothing that they want.
Comments
Amounts small enough to constitute juts a test for educational purposes.
Two Asian funds that are part of the planned portfolio re-build, so more or less due another buy anyway this week. I have figured that the 12.00 valuation cut-off means I get the price generated at that time, and in the case of the Asian markets that ought to mean the price captures the steep falls overnight. Well, let's see...
The trouble with those comparisons is that these issues were national. There were adults in the room ready and able to step in. At the moment, I don't see that over there.
Surely that extortion?
Billionaire hedge fund manager Bill Ackman — a vocal supporter of Donald Trump — has urged the president to pause his sweeping new tariffs, warning they could economically devastate America if implemented, as planned, on Wednesday.
Ackman, the CEO of Pershing Square Capital Management, claimed that while the country is “100% behind” Trump’s mission to fix the global tariff system, he is currently “losing the confidence of business leaders around the globe.”
Trump should announce a 90-day timeout to negotiate new deals, Ackman suggested. Without that pause, he warned, the U.S. will launch an “economic nuclear war” that may cause business investment in America to “grind to a halt,” markets to crash and workers across all sectors to lose their jobs.
“The consequences for our country and the millions of our citizens who have supported the president — in particular low-income consumers who are already under a huge amount of economic stress — are going to be severely negative,” Ackman said. “This is not what we voted for.”
“The president has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system,” Ackman concluded. “Alternatively, we are heading for a self-induced economic nuclear winter. May cooler heads prevail.”
What of Trumps Dalliance!!
In reality there are billions sitting in Cash ISA's (a lot of it belonging to older people who aren't in the market for chasing rates) earning very little for the saver as well as for the country. The idea is to move some of this money into the market so Companies get a boost to their coffers, share prices rise & the economy grows. Problem is Financial Advisers would be (quite rightly) advising clients to spread the money around various countries & asset classes and therefore very little might end up in the UK market. I know there was a "British" ISA mooted but I really dont know how you could police this as funds are switched around all the time and very hard to monitor a product that only contains UK shares.
I did like one idea suggested by Will Self a good few years ago when interest rates were at their all time low. He advocated that savers should have to PAY banks to look after their money instead of receiving interest on it ! The idea is that banks are safeguarding your money (like Gold & jewels in a safe deposit box) and so you should have to pay for that service. Otherwise you should invest it to actually see a return on your money.
But ssshhh.....don't tell Donald.
One can google to reveal that 52% of Trump / Republicans identify as MAGA, which is a record high... so 48% are not.
Earlier today an FT article noted that 40-50% non MAGA Trump 2024 voters now disapprove of Trump, depending upon the issue selected. And that's before he goes after Medicaid!
That translates into losing 20-24% of his vote within 100 days of inauguration!
Every cloud.
Trump is either tanking the market on purpose or genuinely believes his economic vision will benefit the States.
I can't see how any 'sensible' business leader or economist can support this disastrous policy.
What I will say, normally a president wouldn't have the credit in the bank to do things like this as they would have one eye on 4 years time but Trump is surrounded by people who, regardless of their economic intellect, clearly dont want to lose their seat at his table and that worries me, leaders have to have objective and objectionable views to contend with their own opines.
He has detonated a bomb, a big fucking nuclear one and I can't understand why
stop him last time. There isn’t now.
It does seem to be a massive upheaval with potentially a huge number of losers.
Interesting to see if Trump can carry his support with him. If he keeps spouting positive messages I assume that will be enough.
Just saying ...
Interesting read on Zynex..
He could run over his fanatic's cats and burn their homes down and it won't change their love for him, but I wonder if the average Joe is now regretting their vote.
Shorting opportunity for those with the means isn't it, with stocks and other assets on the slide. A select few will be able to get even richer, and anyone forced to sell assets to weather this won't be able to buy them back, and faces being squeezed out over the longer term. Trump's base (mainly the "poorly educated") won't be so effected as they had nothing anyway, but a segment of the employed/middle class will be having an anxious time right now and may not forgive him.