From Stephen Pope, Managing Partner, Spotlight Ideas Economic sentiment rose to 101.2. Business Climate Index increased to 0.37. Consumer expectations for CPI declined to 13.6. German CPI falling; R2 with Eurozone 0.8929. ECB must act on March 6th. This penultimate day of February delivered a mixed bag of news for the Eurozone. On the positive […] Read more »
High Frequency Hysteria
By Stephen Pope, Managing Partner of Spotlight Ideas Any investment is speculative. Speculation is not manipulation. Markets hold politicians to account. Shorting is an essential trading tool. Be wary about a cumbersome restriction on algorithms The word “Hysteria” has its root in the Latin “hystericus”. It refers to “exaggerated or uncontrollable emotion or excitement” […] Read more »
Global Macro Outlook For 2014 From Spotlight Ideas
From Stephen Pope, Managing Partner, Spotlight Ideas Spotlight Ideas bullish on global economy in 2014. Confident central bank policy will stay accommodative as supporting the recovery is the best way to engineer a return to a more normal monetary policy. The only cloud seen is that still posed by the Eurozone. […] Read more »
A Surfeit of Copper To Pressure Prices Further Says Spotlight’s Pope
By Stephen Pope, Managing Partner Spotlight Ideas C21 saw significant mine capacity increases. Copper in excess supply. Price will decline; target USD2.88 / lb. There is a surfeit in the copper market. As at midday on September 3rd 2013 copper traded at USD3.278 / lb a rise of 8.01% off the local low of USD3.035 […] Read more »
Santa Claus Rally Is Traditional Too
By Stephen Pope, Managing Partner of Spotlight Ideas Even if by “patch-work”, US will avoid the cliff. From 1981 to 2011, 75% of December trade has been higher in US equity indices. Do not bet against the evidence. Of all the equity markets in the developed world, the most closely followed are those of […] Read more »
Oil Faces Risk Of New 2012 Low Says Spotlight’s Pope
By Stephen Pope, Managing Partner Spotlight Ideas Crude oil futures (Nov 12) have fallen sharply in US trading this Monday (24th). The global economic prospects are mixed and as focus fell on poor German business confidence figures and Spanish inertia re a bailout. Markets sold off. It would appear that the impact of QE3, […] Read more »