RSS feedSoc gen
’And the award for extreme optimism in the face of reality goes to
…. someone other than SocGen’s Albert Edwards, who is in fine pessimistic form in his latest strategy note.
This week sees the perma bear take Reuters to task for a recent report on US home sales.
MSCI reshuffle time
Weir Group, the Scottish pumps and values manufacturer, and Essar Energy, the London-listed Indian oil and power group, are worth following over the next couple of weeks:
Late on Wednesday night,
The descent into global C-H-A-O-S
It’s Monday and time for another helping of doom and gloom from Albert Edwards.
This week SocGen’s ‘strategiste global’ is in particularly bearish mood, arguing that all of the ingredients are now available for a meal of global chaos.
The newsflow is failing! The newsflow is failing!
August tends to be quite dull on the market newsflow front. But here’s an arresting news-related chart — from Société Générale’s asset allocation team on Monday:
In short, SocGen’s Global Economic Newsflow Indicator is going a bit off-colour with regard to ‘good’ economic news.
Credit Suisse stress-tests the French banks
A fresh note by Credit Suisse allows us continue our series on the unofficial European bank stress tests being conducted by analysts, ahead of the publication of regulators’ results in mid-July.
Step forward,
ECRI watching with Edwards
A second helping of bearishness on Tuesday, courtesy of Albert Edwards.
The Soc Gen strategist is worried about the recent slump in the US Economic Council Research Institute (ECRI) leading indicator.
Attention Anthony Bolton
With the Fidelity man off to China in the not too distant future, we have some suggested reading for him.
It’s the latest Popular Delusions note from SocGen’s Dylan Crisis (née Grice).
Like Bolton he thinks there is plenty of long-term upside in China but he reckons China’s looming financial crisis will provide the next buying opportunity.
Bargain Britain
The UK stock market is cheap.
That’s the surprising conclusion of the latest ‘Popular Delusions’ note from Soc Gen strategist Dylan Grice.
He has been using an updated version of Ben Graham’s Appraisal Method,
Bears, keep the faith
It is not much fun being a bear at the moment with seemingly everything going up – except the US dollar. But there is still hope, according to Soc Gen’s Albert Edwards.
In his latest Strategy Weekly he draws our attention to the recent performance of the Baltic Freight index,
This bear is not for turning
Albert Edwards is back!
It is a month since we last heard from the Soc Gen strategist and he is in typically combative form in his latest Global Strategy Weekly. Indeed, he has a very simple message for all those commentators puzzled by the fact that both government bond and equity markets are rising — don’t be.