This morning we see more confirmation that the much banked on rebound in the Chinese and European economies is not materializing. What!! The stock market discounted this expected rebound months and months ago! You mean these cheques might not clear the bank??!! See: Manufacturing slows: from Europe to China on trade risks. Heaven forbid one should be bearish of course, but stocks back at 6-7 year highs while growth continues to slump…
U.K. stocks may have passed their peak bringing an end to a five-year bull market, according to Michael Franklin, chief investment strategist at Beaufort Securities Ltd. He says investor sentiment is “quite fragile” due to geopolitical tensions in Gaza, Ukraine and Iraq. Here is a direct video link.
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