In keeping with the season, the Fed has dispensed more treats to the markets: despite historically low unemployment, solid wage growth and decent household purchases this year, the Fed has now offered a third rate cut since the summer. Its target policy range is now 75 basis points lower, at 1.5 to 1.75 per cent.
With Fed move, all major central banks and the IMF now agree that low and negative interest rates will be with us for some time to come. As this realization has be
We all know the famous line “sell in May” but few remember the end of the jingle. As the Summer ends, what have we returned to? Much of the same as before the break-in political terms. Despite some short-term hectic, the past quarter has been a quiet one in terms of performance: The S&P500 managed a modest gain of barely 0.7% and the European indexes are flat. In the US, some of the smaller companies have been volatile lately. Recent ‘hot’ stocks such as Software as a Servic