Tuesday , November 5 2024

FTSE

Summary:
FTSE keeps making new all time highs… hard to understand vs US stocks which remain discounted ….  🤔 BOE has been significantly increasing UK risk free rate also…One difference between the US and UK systems is that BOE never did very much QE in the first place and perhaps more importantly doesn’t count BOE liabilities to UK banks against the banks regulatory total asset constraints…May be allowing UK banks to apply higher prices to these financial assets vs. otherwise…

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FTSE keeps making new all time highs… hard to understand vs US stocks which remain discounted ….  🤔

BOE has been significantly increasing UK risk free rate also…

One difference between the US and UK systems is that BOE never did very much QE in the first place and perhaps more importantly doesn’t count BOE liabilities to UK banks against the banks regulatory total asset constraints…

May be allowing UK banks to apply higher prices to these financial assets vs. otherwise…


FTSE









Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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