Reassuring to see that there is still some very very expensive real estate available in these times in the USA. So if any of you fancy a 20 bed mansion with 23 bathrooms in Beverley Hills and are looking for a home for USD 165M, look no further. Likewise and relatively(?) affordable in NYC in the brand new iconic tallest residential skyscraper in the world, Central Park Tower where a 5 bed 6 bath apartment could be your’s for a snip at USD 63M.
Saudi Arabia is leading the charge by OPEC+ to keep the price of oil above $20 after the crash a few weeks ago. With the announcement by KSA that they will cut production by a further 1M barrels a day in June, other oil producers such as Kuwait fell into line and also announced cuts. WTI oil is now quoted at $25.
Throughout Europe are sighing over the news that they will not be celebrating the Summer Solstice at Stonehenge on June 21 this year. Heritage England took this painful decision with the police plus the “Druid and Pagan community” yesterday. One does wonder whether being a member of the Druid and Pagan community qualifies for furlough payments in the constituent parts of the UK and the EU. Back to this shocking news which has unfortunately been a setback for our very own SGM-FX IT supremo, Michael. Fed up with talking to his cactus and looking at the refractions from his collection of crystals, he was looking forward to dusting off his tepee and loading the VW Kombi for the trip down the A303 next month. So it’s back to Plan B which it turns out is a wigwam on his balcony and a large roll up and watching the sun rise via live stream from Stonehenge while chanting to the sun. Om…….!
Discussion and Analysis by Humphrey Percy, Chairman and Founder
POTUS in Kingdom of Saudi Arabia As one of POTUS’ travelling companions on this week’s visit, Larry Fink of Blackrock represents everything that a US President might want to burnish his credentials in the desert kingdom: head of the largest asset manager on the planet, hugely influential and totally credible. Just a shame that he […]
Oil Price Pre TT or Trump Tariffs, the oil price seesawed around but mostly reverted to its mean over a few trading sessions unless a major piece of economic, political or trade news arose. All that has gone out of the window with steady declines in session after session, so in case you have been […]
Beyond USD A comment caught our eye over the weekend: assuming that US markets will recover is not a strategy, it is now for the first time in decades a gamble. With the Vix volatility index of the S&P500 still high, US Treasuries having failed the test recently when they failed to rally at market […]