Blog

Our Experts Comment the Times Series

See All the Comments
rss

What Difference a Week Makes

11 February 2014 by HCM

Over the last week, it seems that most of the concerns the market had have gone away. Risky assets have been moving in a straight line, and the picture given by the credit universe heat map is quite telling. With the exception of AMKR (Amkor Technology, Inc) which suffered from the tough environment affecting Tech companies and guided very cautiously for the quarters ahead when they published their results on Monday, the colour is bright green. The high beta names were the outperformers, and it seems that EM are no longer a threat to the global economy. Mrs Yellen appears to have struck all the right notes in her first speech as Fed chairman, and investors want to have faith in her action. They appear to firmly believe that last week NFP were just a bump on the road to recovery.