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  • Squawk / 05 January 2018 at 22:56 GMT
    Managing Director / Technical Research Limited
    New Zealand
    Another day, another record high in the US stock market.

    As the chart below shows, we could be seeing a repeat of the mid-1990’s pattern, best illustrated in a monthly log chart.

    That run was briefly interrupted by Fed Chair Alan Greenspan observing that investors seemed to caught up in “irrational exuberance”.

    Perhaps new Fed Chair Powell will comment on his own views when he takes over from Janet Yellen shortly.........

    While all news is good news for the stock market, USD and bonds could see little to get excited about in the employment data, changing little on the day.

    EURUSD was initially impacted by a poor inflation number but came back after the US jobs data were released a few hours later.

    Behind the scenes commodity price indexes are having a good run of their own as contrarian traders notice the wide valuation gap (see chart)
    Read the Squawk
    Patto Patto
    Alan Greenspan was seen as guru at the time he made that famous/notorious statement. No one around today has the sort of gravitas that can move markets...........
    DudetteUK DudetteUK
    So true Patto
    Alan M Alan M
    I remember back in October Draghi said a disorderly correction in asset prices, particularly stocks, is among the chief risks for the global economy, but that didnt...
  • Squawk / 13 September 2017 at 5:51 GMT
    FxCox™ Portfolio Management
    United Kingdom
    13 Sept. 2017
    Market in Details

    #Commodities :
    Gold was at $1,331.78 an ounce.
    West Texas Intermediate crude gained 0.3 percent to $48.23 a barrel on Tuesday.
    Read the Squawk
  • 2y
    ChristianK ChristianK
    Hi Stephen. The SL has been broken. Do you still view long term downside or has the view changed with the recent price increase? Thanks.
    Stephen Pope Stephen Pope
    For now the momentum is higher.
    Let it ride for few days and it can be reviewed.

    Further trade considerations can be discussed via
  • 2y
    vanita vanita
    Steve Great call👍
  • 2y
    Vatsid Vatsid
    Would have thought tactical long at $118..
    Vatsid Vatsid
    Target at $118
    Stephen Pope Stephen Pope
    Dear Vatsid,

    Thank you for your message.

    I was more taken by the excessive level of gloom in the technical sentiment which I would sell into the current...
  • 2y
    Ole Hansen Ole Hansen
    Thank you Vladimir. It looks hot but at least with some rain in between.
    Vladimir M Vladimir M
    At least in Russia harvest is going good to be
  • 2y
    SierraPt. SierraPt.
    Unfortunately your trade idea realized faster than posted here.
    Stephen Pope Stephen Pope
    I am so sorry that the idea posting missed the market swoop lower.

    I know the editorial team work as quickly as possible to post all ideas in...