In this report I cover the early market action from London on Monday, February 12th, 2018. I also go through the Charles Nenner interview with Greg Hunter and market cycles.
I agree with Nenner. The cycles are kind of set in stone. So yes politics might accelerate existing cycles but they don't lead it. A lot of people say the pound has dropped a lot in the last 18 months because of Brexit but of you look at the market the pound topped in 2008 at $2.11 and was at around $1.50 already before Brexit so the drop after Brexit to around $1.20 could have been influenced by the referendum but the trend had been set eight years earlier.
This concept has always intrigued me. The chicken or the egg dilemma. But I understand and believe that the markets that are 100% human made follow cycles just like humans do. Just a fascinating dynamics to see live on how the cycles fit into the politics and mind set of the current times.
Post the best master i.m
As Nenner was saying the market does not follow politics. Do you think politics follows the market, or the cycles?
I agree with Nenner. The cycles are kind of set in stone. So yes politics might accelerate existing cycles but they don't lead it. A lot of people say the pound has dropped a lot in the last 18 months because of Brexit but of you look at the market the pound topped in 2008 at $2.11 and was at around $1.50 already before Brexit so the drop after Brexit to around $1.20 could have been influenced by the referendum but the trend had been set eight years earlier.
This concept has always intrigued me. The chicken or the egg dilemma. But I understand and believe that the markets that are 100% human made follow cycles just like humans do. Just a fascinating dynamics to see live on how the cycles fit into the politics and mind set of the current times.