Posts by Niels Kaastrup-Larsen

As the FED delivered its anticipated rate hike during the last week of the month (the eighths since December 2015), the month of September was in many respect a relatively quiet month for most markets.

As “usual” the US stock markets made a new all-time high, and as “usual” European markets struggled to keep up with this trend.

…it may be worth remembering that in 2009 when Central Banks were trying to save the financial system…Emerging Markets were part of the solution…however today, I fear that they are part of the problem.

US indices are within striking distance of new highs and Apple moved within a whisker ($65bn to be precise) of being valued at $1,000,000,000,000.

So all is good you would think…right?

Well not if you were long Facebook and GAM Holding stocks, as both firms saw their shares tumble by 20%…in one day!

Does this “contradiction” reveal a bigger problem in financial markets?

Like in any major negotiation, there will be good days and bad days…and over here in Europe…the BREXIT negotiations seem like a perfect example of this.

When I look at the performance of CTA’s during the month of June, there were a lot of these good days and not so good days…but in the end the Bulls prevailed.

Mamma Mia…with record temperatures being recorded in many places in Europe during May…the Italian Bond market set its own records.

What started out as a bit of a rumble in emerging markets…has now moved much closer to the heart of Europe.