There was a lot of hoo-ha about the Dow Jones index's jump above the 22,000 mark. Yet the Dow "is a meaningless index", as the FT's John Authers points out. It is weighted by share price rather than market capitalisation, leading to "absurd distortions".
Viewpoint
"On both sides of the Atlantic there is almost no high-quality journalism from the moderate right-wing press available free and ungated online. The Times, The Telegraph, The Spectator, the FT, The Wall Street Journal and The Economist all sit behind paywalls. The Guardian, The New Statesman, The Independent, The Huffington Post and BBC Online are all free; as are the more outlandish right-wing publications: Breitbart, Mail Online and Fox News, for instance. If you are a moderate Burkean conservative baffled as to why the internet seems full of left-wing ideologues interspersed with the odd tin-foil-hatted right-winger, this explains a lot."
MoneyWeek
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Rory Sutherland, The Spectator
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NS&I raises interest rates on British Savings Bonds – are they any good?Savers can access inflation-beating rates on NS&I's British Savings Bonds but there are better deals on offer in the wider market.
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'I've used my annual ISA allowance. How can I shield my savings from tax?'As millions face paying tax on savings interest, we explore how to protect your money from the taxman. If you've used up your ISA allowance, we look at the other tax-efficient options.
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What would the greatest mathematician of the Middle Ages say about gold today?Sponsored Italian mathematician Fibonacci is most famous for a curious sequence of numbers. Continuing his series on technical analysis, Dominic Frisby explains what these numbers are, and what they can tell us about gold’s next move.
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How moving averages can reveal trades worth betting on – and ones to avoidSponsored Dominic Frisby looks in more depth at how moving averages can help you catch turning points in markets and help you decide which trades are worth pursuing.
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This chart pattern could be extraordinarily bullish for goldCharts The mother of all patterns is developing in the gold charts, says Dominic Frisby. And if everything plays out well, gold could hit a price that investors could retire on.
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Believe it or not, this market is a “buy”Charts With the world in the state it’s in and the market so volatile, buying stocks right now might go against all your instincts. But that’s just what you should be doing, says Dominic Frisby. Here, he explains why.
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Chart of the week: avocados and bitcoin are in syncCharts An amusing new spurious correlation has been spotted between the price of bitcoin and Mexican Hass avocados. In reality, of course, they have nothing to do with each other beyond “superficial price action”.
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Chart of the week: Kuwait's stockmarket is ready for take-offCharts Kuwait's stockmarket is due to be promoted from “frontier” status to an emerging market by index provider MSCI next June. That should entice almost $10bn of global investors’ cash into the country.
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Chart of the week: US stocks outrun profitsCharts The US stockmarket has become totally detached from underlying profits of its constituent companies over the past three years.
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Chart of the week: Dr Copper diagnoses an ailing economyCharts The price of copper has slipped by a fifth this year and is now at a near-two-year low of around $5,600 a tonne.
