The S&P 500 as the world’s most important index is just below its all-time high after yesterday’s rise. But liquidity in trading is collapsing more and more. Yesterday was one of the weakest trading days in years. Since 2015, the trading volume has been collapsing continuously (which is why spreads in US equity trading continue to rise) – if bad news hits the markets, the lack of liquidity is likely to have similarly severe consequences as it did in December 2018 with the sell-off. After yesterday’s “dance of death” in terms of volume, there will probably be more liquidity today because today alone four of the 30 companies in the Dow Jones are presenting their figures. The Brexit vote will now take place on Thursday.
When the crystal-clear election victory for the Tories in Great Britain was announced in the night from Thursday to Friday last week, there was no hold for the British Pound anymore. Pound vs. US Dollar […]
The EU election in Great Britain is meaningless in terms of content for the island since the British want to leave the EU anyway. But it is important because it gives the voters the chance […]