Blog

10th September 2018

Monday Espresso

 

 

 

 

On Tuesday September 8, the price of silver dropped by 3%, hitting the lowest level for more than two years, pressured by the strengthening US dollar.

Trade talks between the US and Canada resumed on Wednesday September 9, as the new NAFTA deal had not been reached in previous negotiations. Canada stressed that only a deal that is good for its country will be signed.

On Wednesday, the executives of Facebook and Twitter, Sheryl Sandberg and Jack Dorsey, testified before the Senate Intelligence Committee regarding 2016 US election interference, both admitting their negligence in preventing the meddling and committing to improve protection of future elections. .

Bitcoin experienced a sharp loss of 4.74% on Wednesday, after it was reported that Goldman Sachs would drop the plan of opening a cryptocurrency trading desk.

 

 

US CPI will be released on Thursday September 13 and is expected to come in at 2.8% YoY.

On the same day, Thursday September 13, the Bank of England base rate will be revealed, which is expected to stay unchanged at 0.75%.

 

-1.0     A score of -1.0 indicates an extremely poor economic outlook, which is accompanied by a high probability of negative returns in risky asset classes like equities. The Risk Barometer tilts our portfolios away from equities during such periods.

0.0       A score of 0 indicates a neutral economic outlook with almost equal probability of positive and negative returns in risky asset classes like equities. The Risk Barometer maintains a balance between equities and other asset classes during such periods.

+1.0   A score of +1.0 indicates an extremely positive economic outlook, which is accompanied by a high probability of positive returns in risky asset classes like equities. The Risk Barometer tilts our portfolios towards equities during such periods.

*as at latest realignment 31/08/18

Notice:

The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future

Risk Barometer

0

as at latest realignment

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    Copia Capital Management

    Fleet House, 8-12 New Bridge Street, EC4V 6AL

    Copia Capital Management is a trading name of Novia Financial Plc. Novia Financial Plc is a limited company registered in England & Wales. Register Number: 06467886. Registered office: Cambridge House, Henry St, Bath, Somerset BA1 1JS. Novia Financial Plc is authorised and regulated by the Financial Conduct Authority. Register Number: 481600.

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