Forward Diary


Live Crude & Gold 15 minute & Daily Charts

Today's Economic timetable

Upcoming UK Ex-Dividend Dates

US earnings announcements for today

Reuters

Bloomberg Top Headlines

Marketwatch

The Wall Street Journal

The New York Times

Global Markets

Asian Markets News

South China Morning Post

Japan Times

Business Standard

China Daily

Moscow Times

Short Tracker *** New ***

Bitcoin/Pound Chart




FTSE / DOW YTD

6/28 red, but a b. better than the end of the market yesterday.

Skinny, you posted earlier that you had ignored "Builders".

One of my reasons, as well as being stupid, for being a little too heavy in this sector are the yields on some.

Hope over a period, to get rewards.

All of mine blue or flat apart from SFR but tbh I suspect I'm still down after yesterday. Not by much though as NMCN which was NMD to the rescue.

I think Fred you will be ok with the builders long term. Certainly any resolution to Brexit will be a positive as consumers are clearly holding back on expenditure (which is presumably going to savings). I think it's reached a point that even a hard Brexit (not that I want that) isn't going to be so damaging as much of it is already in expectations.

Further I think there will be a move to a higher proportion of houses being built by the big developers as availability of finance in the AFM dries up. Interesting article on one lender in this sector
I worry we have hit the tulip point on AFM.

My guesses are similar.

I think the large builders have enough cash in hand for a down period of 2years and there is an ongoing "need" of housing. At what prices not certain. But expect, unless it is a very soft or no exit, then the UK economy and the pound will drop like lead weights for a couple of years.

Is a pound in an ongoing "business" or "industry" worth more than a pound in the bank.
(Which sectors? Noticed Skinny buying CNA.)
Don't know!

Fred - I didn't ignore the builders as such, I just wasn't wasn't watching them over the last couple of months - one of my larger holdings is JLG.


As I posted (somewhere) I've been moving into REITS in my SIPP, IMO - worth a look.

Tata Motors posts record $4 billion loss on Jaguar woes, shares crash

Winners of the 2019 International Garden Photographer of the Year Competition

skinny,

Thanks.

I have skimmed the 350 REITS.

Interesting, I will wait a while with cash in hand.

CAD Employment Change 66.8K 6.5K 9.3K

CAD Unemployment Rate 5.8% 5.7% 5.6%

12/28 red.

Val down.

Not my best week.

Morning

Good morning!

Morning all... again.

Thought I had got up again!

😃

Not a very enjoyable day!!!!!