More splinters15 Jan 2020 18:44
The trade deal as anticipated is more about keeping the markets buoyant and getting tango man re-elected - it's a pile of pants.
All in all an interesting couple of weeks coming up with US earnings needing to be huge on a few big names to keep this bubble inflated.
I was hoping to start going long on Metro and RBS to balance everything else I hold being negative on the US and the DAX. I'm going to have to wait now with ODEY increasing and results that I really don't think will be as good as anticipated. I think the market will get bumpy, but I've been saying that for several weeks now.
Is no-one pricing in poor results for Metro, I don't think there will be a rights issue, let's assume the FCA fine isn't too onerous - poor results which I genuinely am expecting could damage this in the short term. 9.5% on the MREL alone will make them worse than previous numbers. That's probably why he's topped up....