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The charts that matter: Brent, bitcoin and bond yields flying high
Government bond yields continued to climb, along with bitcoin and the oil price. Here’s how that has affected the charts that matter most to the global economy.
This week’s cover story is rather timely, as we remain in the grip of an energy crisis with gas prices sky-high and queues still forming at petrol stations. We’re looking at hydrogen. Now, you may be inclined to put hydrogen power in the same box as usable graphene and nuclear fusion. It all sounds incredibly fantastic – there’s just the small matter of practicality. There’s still a very long way to go and a great many hurdles to leap before we can heat our homes and fuel our cars with the stuff. But, says Stuart Watkins, hydrogen is now “rapidly becoming global policy” and is “set to become a multi-trillion-dollar industry”. Stuart picks some of the best ways for you to buy in.
Elsewhere, Max King looks at what we can learn from the top investment trusts of the last 20 years – 42 of them have risen more than tenfold in that time. Max explains what made the winners stand out and how we can identify those that will outperform in the future.
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Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
In this week’s podcast, Merryn talks to James Ferguson of MacroStrategy. Things are about to get ugly in the bonds markets – the “daddy of all markets”. And if that happens, “things are going to get a lot harder for everybody”. You need to find a way of protecting your portfolio. Find out what James thinks here.
Here are the links for this week’s editions of Money Morning and other web articles you may have missed:
Gold remains in the doldrums as bitcoin, which many see as its digital replacement, continues to head back to its record high.
(Image credit: Gold price chart)
(Gold: three months)
The US dollar index (DXY – a measure of the strength of the dollar against a basket of the currencies of its major trading partners) slipped, but recovered towards the end of the week.
(Image credit: US dollar index chart)
(DXY: three months)
The Chinese yuan (or renminbi) traded sideways (when the red line is rising, the dollar is strengthening while the yuan is weakening).
(Image credit: USD/CNY currency chart)
(Chinese yuan to the US dollar: since 25 Jun 2019)
Join more than 165,000 subscribers and keep yourself informed with the latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
