Investment Markets Overview — W/E 3rd March 2017

“SNAP back”…. Was the chosen title of this week’s “knowledge share,” article, chosen to coincide with the debut of the latest tech-darling’s initial public offering, whilst “subtlety” trying to join up the dots in respect of identifying market bubbles, including possible tops. The pace of the labelled “Trump rally,” co-incidental that it is to the already mass of anecdotal market evidence that scream “overvalued,” such as excessive valuations; extreme bullish sentiment readings; historic lows of cash held within stock mutual-funds and excessive use of leverage, has been phenomenal, a 3285 point Dow surge since the 4^th November, which has taken out the 20,000 Dow round number only to see 21,000 hit just 22-trading days later. This market analyst actually expected a market turn to accompany “the Donald’s” first speech to the US Congress on Wednesday evening, but the master-presenter managed to tone down his usual rhetoric and tell both houses what they wanted to hear, such as the campaign commitments to a $1,000,000,000,000 of infrastructure spend, without quite saying just how it will be funded. So another day and a further 300 Dow points later along came SNAP. Whilst one down day doesn’t mean that much, it will be interesting to see if the Dow points disappear just as quickly as snapchat pics!

There was plenty of news this week for both economic and debt growth, plus more on housing and inflation data. To read the full article on this and the other main economic and market events of the week, together with supporting charts, read on:

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Additional Commentaries:
•US economic data . . .
•Euro-Zone . . .
•The UK . . .
•Out East . . .
•The $US index . . .
•Within the commodities complex . . .
•Economic data due next week includes . . .

 The Dow looked set to record a consecutive two–day fall on Friday, its first since the end of January as it fell by 95 points in the futures market, but then along came Janet ……

Charts:
1.  Indices Weekly
2. US GDP V  US 20-City House price Index
3. UK GDP V UK Consumer Credit
4. Japan Consumer Confidence V Japan Sm Business Confidence
5. Commodities Weekly

Table:

13 Indices, 11 columns of detailed information, for accurate analysis

                   “Confidence as in Reassuring OR as in Trickster?” 

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