“Donald Trump has used his Twitter account to threaten a nuclear first strike on Iran and to promote the rich, smooth taste of Bud Ice.
A 3.20am tweet from the president-elect read: “New Iran deal under Trump is drop ‘Islamic’ government or nuclear weapons targeted on Tehran! 5.5% ABV Bud Ice is cool and refreshing!”
– From The Daily Mash.
It may be one of the more powerful contra-indicators in finance. The attendance at SocGen’s annual investment conference in London is widely tracked for the signals it may be sending about market confidence. Last year the conference was packed to the rafters with supposed ‘perma-bears’ – and FTSE, along with many other stock markets, enjoyed an excellent year. This year, the conference – which took place last week – was full, but not bursting. In the words of David McCreadie at Hobart Capital Markets,
“That nicely sums up the stage of acceptance the market has reached with current equity levels.”
While many of those Britons who wish to Remain in the EU are still stuck in the Denial stage of the Kübler-Ross grief cycle, many asset managers – in the face of a continued bull market for stocks – have clearly moved on to the Acceptance phase..
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