Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://www.bloomberg.com/news/articles/2018-12-03/glencore-shakes-up-management-copper-chief-mistakidis-to-retire
The Congo boss stepping down wonder why?
European shares dip as doubts grow about U.S.-China trade truce
https://uk.investing.com/news/stock-market-news/european-shares-dip-as-doubts-grow-about-uschina-trade-truce-1397586
it could easy go up 20 % over the next a week or so. The problem is will it be able to sustain the price...BREXIT is a bastataddd…. its never ending bullshitete and a lot of small business gone bust already.
I have a small online business for the last 2 years I have struggled and its time to shut it down.....Even if there is deal completed the damage is done already its to late to recover...
27 members of EU sign the deal. Its up to the uk parliament now. It is a shite deal, but it is what it is. Fingers crossed MP egos will be put on the side and this will get pushed through parliament.
If not I would expect panic imo - do deal will not work short term for the country...….
the good news from the street.... equities under weight - Fixed Income overweight - there is enough liquidity in the market for rebalancing, which will take place very soon. xmas rally will be here for sure!!
going to be pis*d when wifey gets back from work.... I better calm down!
time to do my second job that actually pays.
I was out last night in the city. Catching up with some friends. Most of all my friends work in investment banks either on the buy or sell side. Some of the Portfolio Managers I was speaking to are down 35% for the year. These funds they run are the safe haven funds. E.g you may have a comingle fund - with just holding 30 of the top ftse 100 stocks that may well divs.
they purely make money on the NAV, monthly fee they take end of each month on the nav. There is no bonus for them this year... and the worse is that they haven't got a clue want to do next...…. These funds you are not allowed to sell or buy on the ups and down, The client is the only one that can make that decision.
The only hopeful thing that may save them this year is the Brexit sorted out. they don't give shite what the deal looks like.... and China trade war....
The only people making money is the market makers and the brokers. The rest are struggling and Donald Trump must now this...……..and needs to do something about it...