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Showing posts from January, 2024
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It is always good to discuss and debate; it is what differentiates us humans from most other species, but given the U.S. Securities and Exchange Commission's (SEC) governance on companies offering securities for sale to the public must tell the truth about their business, the securities they are selling, and the investment risks. And those who sell and trade securities and offer advice to investors – such as brokers-dealers, investment advisers, and exchanges – must treat investors fairly and honestly then their decision to allow USA investors to invest into exchange traded products (ETP's) referencing crypto related currencies is a good idea or just the pressure on those that want to issue those securities, make markets (provide market liquidity) or just speculate for their own accounts with their own monies or with the monies gathered from outside investors forced the hand of the SEC to allow this to now take place (The Securities and Exchange Commission on 10/01/2024 approve...
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I often review the performances of major equity market indexes over a longer time horizon, in this case since the beginning of January 2000. Taking into account the performance in the recent financial press of the main benchmark Japanese equity index, the Nikkei 225 for the past year and the business restructuring that has taken place with it constituents, this is in terms of business management and financial reporting, not specifically market structure, the Japanese benchmark still did not beat the performance of the Nasdaq 100 as illustrated in the below chart for the period end of 30/12/2022 until end of 04/01/2023 (approx. 1 year trading year).  What is interesting to the uninitiated if I look back from the beginning of January 2000 there is a noticeable performance upside for the UK listed mid-cap index (FTSE 250) against the S&P 500, but a very wide difference between the FTSE 250 and the FTSE 100, there is a real persisting issue with the FTSE 100 performance a...