Financial Analyst, former management consultant, equity research analyst Bruce Packard started his career at Credit Suisse followed by various banks and stockbroking firms before quitting The City to work in financial PR, Litigation finance and finally financial education. In 2008 he predicted the nationalisation of the UK banking industry.
I’m a self-invested, low frequency, buy and hold investor focused on quality. As well as writing for ShareScope I like to capture my financial analysis and non-conformist thoughts on my own blog brucepackard.com. I also used to own a craft beer bar in Berlin and for fun play beach volleyball (unlikely to turn professional though).
Markets lurched downwards at the start of last week, with the FTSE 100 falling to 6,906 before recovering to 7,067. Nasdaq and the S&P also recovered during the week to 15,316 and 4,449 both moving less than half a percent. The FTSE China 50 was down 3.6%, and down 18% since the start of the
UK and US markets remain quiet, with the FTSE 100 at 7,013, struggling to keep its nose just above 7,000 last week. There continue to be spikes and drops in some commodities; earlier this year it was Rhodium hitting $25,000 an ounce, now Uranium is up +48% in the last 3 months, while Iron Ore
The FTSE 100 was down -1.4% this week to 7,048. The Nasdaq and S&P500 also fell, but less than -1% each. The FTSE China 50 was up +1% last week, the Mumbai and Russian stock exchanges remain the best performing YTD, both up +25% since the start of the year. Oxford Nanopore, the maker of
The FTSE 100 was up less than half a percent last week to 7,164, towards the top of the trading range that it has occupied since early May. The Nasdaq 100 was up +1.1% ahead of the S&P500 +0.6%. The China 50 was one of the best performing major indices up +2.8% to 18,291 as
The FTSE 100 was up half a percent last week to 7,124. The Nasdaq 100 had a better week +1.2% and the China 50 rebounded +4.5%, though that index is still down -14% in the last 3 months. The US 10-year bond yield finished last week at 1.35%, recovering from a low of 1.19% in
The FTSE 100 fell 2.5% last week and remains at the level it was in early May, at 7,048. The China 50 Index was down even more sharply 7.6% to 16,959. Alibaba fell 15% last week, and Tencent was also down 11%. The damage is being done by new data privacy laws that Beijing will
Bruce looks at how stock market indices can be skewed by a few large winners. The same goes for portfolio returns. Stocks covered this week are BOTB’s profit warning, plus H1 results from Clarkson, Ocean Wilsons and Georgia Capital. The FTSE was up +1.0% to 7,193 last week, outperforming the S&P500 which was up 0.5%
Last week the FTSE 100 was up +1.1% to 7,111, Nasdaq was up 1.5% to 15,181, outperforming the S&P 500, up +0.8% to 4,429. Both the Hang Seng index in Hong Kong and the FTSE China 50 Index were up less than 1% last week. The US 10Y bond yield continued to fall to 1.19%
The FTSE 100 bobbled about just above 7,000 last week. Nasdaq 100 was down less than half a percent, as strong results from Alphabet, Microsoft and Apple all beat analyst forecasts on the top line. This was offset somewhat by Amazon, which reported sales growth slowing as lockdown measures eased. Maybe Jeff Bezos has timed
Markets sold off at the beginning of last week, with the FTSE 100 falling to 6,849 before recovering to above 7000 at the end of the week. We saw similar sell offs in the Europe and the US markets, including Nasdaq which was down -2.5% early last week, which seems odd if jitters were caused
The Bank of England released its twice yearly Financial Stability Report last week. The report says that UK bank balance sheets are in much better shape than the 2007-8 crisis and they expect impairments in 2021 to be lower than the £22bn credit losses taken last year. The “guardrails” against shareholder dividends have now been
Just as I thought the FTSE 100 was breaking out of its trading range 7000-7200 markets dipped at the end of last week to leave the FTSE at 7084. The US 10 year Government bond yield fell to 1.33%, down from a peak of 1.74% at the end of March, suggesting that bond markets have