Today's BREXIT BARRAGE... 'I get knocked down, I get up again...'

Another defeat for Theresa May in Parliament yesterday but she continues on, undaunted… Well, kinda.

 

TEL: Fears over increasing weakness of eurozone – as Britain’s economy strengthens

TEL:  Theresa May needs to tell Brussels to ‘sod off’ to get better Brexit deal

TEL:  Tory rebellion reignites infighting after Theresa May’s Commons defeat

TEL:  Tory Brexiteers have given Brussels the perfect excuse not to give ground on the backstop

TEL:  Brexit vote: What did MPs decide on Valentine’s Day, and how will it affect the deal?

BBG: U.K. Set to Tell EU It Doesn’t Want to Renegotiate Brexit Deal

BBG: U.K. Parliament Throws Out May’s Plan to Renegotiate Brexit Deal

BBG:  Data Sharing Adds to List of Brexit Challenges for U.K. and EU: QuickTake

BBG:  BOE Rate-Hike Forecasts Pushed Out as Uncertainty Rumbles On

FT: May Suffers Commons defeat on Brexit plan B

FT:  Brexit vote ‘shambles’ blows hole in Theresa May’s authority

FT: Carney’s ‘canary in the coalmine’ moment  

FT: EU should trust UK on clearing post-Brexit, says BoE

Enjoy!

 

Mark

 

 

cid:<a href=image009.jpg@01D28D1B.42BD95C0">

 

Mark Funsch

 

O:            +44 (0) 203 - 143 - 4177

M:            +44 (0) 789 - 996 - 4051

E:             Mark.Funsch@AstorRidge.com

W:            www.AstorRidge.com

UK:          14-16 Dowgate Hill, London UK EC4R 2SU

US:          245 Park Ave, 39th Floor, NY, NY, 10167

 

This research was prepared by Mark Funsch.  He is a consultant with Astor Ridge.  A history of his marketing commentaries can be provided upon request in compliance with the European Commission’s Market Abuse Regulation.  Astor Ridge takes no proprietary trading risk, has no market making facilities, and has no position in any security we discuss in this e-mail.  The views in this e-mail are those of the author(s) and are subject to change, and Astor Ridge has no obligation to update its opinions or the information in this publication. If this e-mail contains recommendations, those recommendations reflect solely and exclusively those of the author, and such opinions were prepared independently of any other interests, including those of Astor Ridge and/or its affiliates. This publication does not constitute personal investment advice or take into account the individual financial circumstances or objectives of the clients who receive it. The securities discussed herein may not be suitable for all investors. Astor Ridge recommends that investors independently evaluate each issuer, security or instrument discussed herein, and consult any independent advisors they believe necessary. The value of and income from any investment may fluctuate from day to day as a result of changes in relevant economic markets (including changes in market liquidity). The information herein is not intended to predict actual results, which may differ substantially from those reflected. Past performance is not necessarily indicative of future results. 

 

You should not use or disclose to any other person the contents of this e-mail or its attachments (if any), nor take copies. This e-mail is not a representation or warranty and is not intended nor should it be taken to create any legal relations, contractual or otherwise. This e-mail and any files transmitted with it are confidential, may be legally privileged, and are for the sole use of the intended recipient. Copyright in this e-mail and any accompanying document created by Astor Ridge LLP is owned by Astor Ridge LLP. 

 

Astor Ridge LLP is regulated by the Financial Conduct Authority (FCA):  Registration Number 579287

Astor Ridge LLP is Registered in England and Wales with Companies House:  Registration Number OC372185

Astor Ridge NA LLP is a member of FINRA/SIPC:  CRD Number 282626

Astor Ridge NA LLP is a member of the National Futures Association (NFA):  Firm ID Number 0499303

Astor Ridge NA LLP is Registered in England and Wales with Companies House:  Registration Number OC401796

 

 


** Please read *** EQUITIES SPECIAL : FAIL TODAY OR DON’T FAIL ATALL. NEARLY ALL DAILY CHARTS ARE FAILING 200 DAY MOVING AVERAGES, SO IT’S A KEY DAY!

EQUITIES SPECIAL : FAIL TODAY OR DON’T FAIL ATALL. NEARLY ALL DAILY CHARTS ARE FAILING 200 DAY MOVING AVERAGES, SO IT’S A KEY DAY!

IF THE PREVIOUS BOND YIELD PIECE HINTS AT LOWER YIELDS THEN IT SHOULD FOLLOW THAT STOCKS HEAD LOWER TOO.

There has been a good bounce this month but MANY quarterly charts remain DAMAGED good.

Also nearly ALL daily charts are failing 200 day moving averages.

If the daily charts are right then this is the week!

Should bond yields fail then stocks will FALL TOO in some style, we have received a shock recently and don’t think we will EVER recover. Certainly the TECH sector is under GREATER scrutiny.

****The NASDAQ daily (Page 14) is failing a PERFECT 200 day moving average so for me the KEY one too watch today.****

 

 

ASTOR RIDGE : Independent Ideas, Research, Liquidity, Anonymity and Trusted Experience.

 

  • UK:         14-16 Dowgate Hill, London EC4R 2SU
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  • •             This marketing was prepared by Christopher Williams, a consultant with Astor Ridge.  It is not appropriate to characterize this e-mail as independent investment research as referred to in MiFID and that it should be treated as a marketing communication even if it contains a trade recommendation. A history of marketing materials and research reports can be provided upon request in compliance with the European Commission’s Market Abuse Regulation.  Astor Ridge takes no proprietary trading risk, has no market making facilities, and has no position in any security we discuss in this e-mail.  The views in this e-mail are those of the author(s) and are subject to change, and Astor Ridge has no obligation to update its opinions or the information in this publication. If this e-mail contains opinions or recommendations, those opinions or recommendations reflect solely and exclusively those of the author, and such opinions were prepared independently of any other interests, including those of Astor Ridge and/or its affiliates. This publication does not constitute personal investment advice or take into account the individual financial circumstances or objectives of the those who receive it. The securities discussed herein may not be suitable for all investors. Astor Ridge recommends that investors independently evaluate each issuer, security or instrument discussed herein, and consult any independent advisors they believe necessary. The value of, and income from, any investment may fluctuate from day to day as a result of changes in relevant economic markets (including changes in market liquidity). The information herein is not intended to predict actual results, which may differ substantially from those reflected. Past performance is not necessarily indicative of future results. 
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  • •             You should not use or disclose to any other person the contents of this e-mail or its attachments (if any), nor take copies. This e-mail is not a representation or warranty and is not intended nor should it be taken to create any legal relations, contractual or otherwise. This e-mail and any files transmitted with it are confidential, may be legally privileged, and are for the sole use of the intended recipient. Copyright in this e-mail and any accompanying document created by Astor Ridge LLP is owned by Astor Ridge LLP. 
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US BOND YIELDS : UNDERSTANDING THE BIG DILEMA?! I have been calling for lower yields for a sometime and as a result have been asked to produce charts for what the next step might be based on the current pause.

US BOND YIELDS : UNDERSTANDING THE BIG DILEMA?!  More than happy to explain the presentation.

I have been calling for lower yields for a sometime and as a result have been asked to produce charts for what the next step might be based on the current pause.

On paper the quarterly and monthly charts are obvious, its MUCH lower yields. We are failing MANY RARE 50 and 100 period moving averages aided by RSI dislocations that date back to 1980’s. The formations are staggering given the previous issues in and around 2000 - 2007.

It seems from a chart perspective everyone is convinced rates are going MUCH HIGHER based on the HISTORICAL RSI dislocations. Expectation and positioning is way too optimistic.

The weekly charts are more optimistic for a HOLD but daily negate that almost instantly. 

Daily charts have persisted in remaining sub numerous 200 day moving averages, so ideally its all a matter of time.

 

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  • •             Astor Ridge does not provide independent research. We have no dedicated or paid strategists, research portals, or research subscriptions. However, you may receive unsolicited marketing communications from our Introducing Brokers from time to time, which may refer to specific trade recommendations. These recommendations are based solely on the opinion of the author, and are not official research recommendations of Astor Ridge.We have considered guidance from ESMA, and any written material from our Introducing Brokers that might fall within the scope of the rules will be provided for free, and made publicly available on our website, to any EU Investment firm that registers for it.
  • •            
  • •             If you are a MiFID firm and do not agree with our approach, and instead believe that you must pay for written commentary or trade recommendations, then Astor Ridge will accept  payments determined by    you.
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  • •            
  • •             I also direct you to our disclaimer on our email footer:
  • •             This marketing was prepared by Christopher Williams, a consultant with Astor Ridge.  It is not appropriate to characterize this e-mail as independent investment research as referred to in MiFID and that it should be treated as a marketing communication even if it contains a trade recommendation. A history of marketing materials and research reports can be provided upon request in compliance with the European Commission’s Market Abuse Regulation.  Astor Ridge takes no proprietary trading risk, has no market making facilities, and has no position in any security we discuss in this e-mail.  The views in this e-mail are those of the author(s) and are subject to change, and Astor Ridge has no obligation to update its opinions or the information in this publication. If this e-mail contains opinions or recommendations, those opinions or recommendations reflect solely and exclusively those of the author, and such opinions were prepared independently of any other interests, including those of Astor Ridge and/or its affiliates. This publication does not constitute personal investment advice or take into account the individual financial circumstances or objectives of the those who receive it. The securities discussed herein may not be suitable for all investors. Astor Ridge recommends that investors independently evaluate each issuer, security or instrument discussed herein, and consult any independent advisors they believe necessary. The value of, and income from, any investment may fluctuate from day to day as a result of changes in relevant economic markets (including changes in market liquidity). The information herein is not intended to predict actual results, which may differ substantially from those reflected. Past performance is not necessarily indicative of future results. 
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  • •             You should not use or disclose to any other person the contents of this e-mail or its attachments (if any), nor take copies. This e-mail is not a representation or warranty and is not intended nor should it be taken to create any legal relations, contractual or otherwise. This e-mail and any files transmitted with it are confidential, may be legally privileged, and are for the sole use of the intended recipient. Copyright in this e-mail and any accompanying document created by Astor Ridge LLP is owned by Astor Ridge LLP. 
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  • •             Astor Ridge LLP is regulated by the Financial Conduct Authority (FCA):  Registration Number 579287
  • •             Astor Ridge LLP is Registered in England and Wales with Companies House:  Registration Number OC372185
  • •             Astor Ridge NA LLP is a member of FINRA/SIPC:  CRD Number 282626
  • •             Astor Ridge NA LLP is a member of the National Futures Association (NFA):  Firm ID Number 0499303
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  • •             If there is anything else you require from us to continue receiving our market communications, or prefer a different medium for access (e.g. publicly available password protected access on the Astor Ridge website), please do let me know.
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  • •             Chris

 

 

 

 


Today's BREXIT BARRAGE... "Barroom banter" Uh-huh.

BBG: May Faces Revolt From Euroskeptic Conservatives in Brexit Vote

BBG:  U.K. Housing Slump Endures in 2019 as Brexit Hangs Over Outlook

BBG:  Parliament’s Next Brexit Vote: A Guide to What’s Happening

FT: The heavy cost of May’s Brexit vanity

FT: Brexit: we need to talk about staff concerns

FT:  MPs prepare to vote on May’s Brexit strategy again

FT:  Delay Brexit or make a clean break, industries tell Brussels

FT: Labour centrists prepare to form breakaway party

FT: Theresa May faces defeat in no-deal Brexit vote

TEL:  Why extending Article 50 looks inevitable – and the consequences of delaying Brexit
 

TEL: Brexit latest news: Theresa May faces fresh Tory rebellion in Commons vote

TEL: Does Olly Robbins’s hotel bar blunder hint at an anti-Brexit conspiracy?

TEL:  Letters: The government strategy for dealing with Brexit: continuing shambles

BBC: PM plays down Brexit ‘deal or delay’ report

BBC:  Border technology ‘could take 10 years’

More to come…

 

Mark

 

 

cid:<a href=image009.jpg@01D28D1B.42BD95C0">

 

Mark Funsch

 

O:            +44 (0) 203 - 143 - 4177

M:            +44 (0) 789 - 996 - 4051

E:             Mark.Funsch@AstorRidge.com

W:            www.AstorRidge.com

UK:          14-16 Dowgate Hill, London UK EC4R 2SU

US:          245 Park Ave, 39th Floor, NY, NY, 10167

 

This research was prepared by Mark Funsch.  He is a consultant with Astor Ridge.  A history of his marketing commentaries can be provided upon request in compliance with the European Commission’s Market Abuse Regulation.  Astor Ridge takes no proprietary trading risk, has no market making facilities, and has no position in any security we discuss in this e-mail.  The views in this e-mail are those of the author(s) and are subject to change, and Astor Ridge has no obligation to update its opinions or the information in this publication. If this e-mail contains recommendations, those recommendations reflect solely and exclusively those of the author, and such opinions were prepared independently of any other interests, including those of Astor Ridge and/or its affiliates. This publication does not constitute personal investment advice or take into account the individual financial circumstances or objectives of the clients who receive it. The securities discussed herein may not be suitable for all investors. Astor Ridge recommends that investors independently evaluate each issuer, security or instrument discussed herein, and consult any independent advisors they believe necessary. The value of and income from any investment may fluctuate from day to day as a result of changes in relevant economic markets (including changes in market liquidity). The information herein is not intended to predict actual results, which may differ substantially from those reflected. Past performance is not necessarily indicative of future results. 

 

You should not use or disclose to any other person the contents of this e-mail or its attachments (if any), nor take copies. This e-mail is not a representation or warranty and is not intended nor should it be taken to create any legal relations, contractual or otherwise. This e-mail and any files transmitted with it are confidential, may be legally privileged, and are for the sole use of the intended recipient. Copyright in this e-mail and any accompanying document created by Astor Ridge LLP is owned by Astor Ridge LLP. 

 

Astor Ridge LLP is regulated by the Financial Conduct Authority (FCA):  Registration Number 579287

Astor Ridge LLP is Registered in England and Wales with Companies House:  Registration Number OC372185

Astor Ridge NA LLP is a member of FINRA/SIPC:  CRD Number 282626

Astor Ridge NA LLP is a member of the National Futures Association (NFA):  Firm ID Number 0499303

Astor Ridge NA LLP is Registered in England and Wales with Companies House:  Registration Number OC401796

 

 


MULTI ASSET UPDATE : Bond yields stalling, the EURO clinging desperately on to 1.1241 support and stocks have concerns, despite the POP.

MULTI ASSET UPDATE : Bond yields stalling, the EURO clinging desperately on to 1.1241 support and stocks have concerns, despite the POP.

We continue to be in a HEIGHTENED state of alert especially relating to Europe. The EURO is now a concern as we lean toward a break of the 1.1241 multi year 50% ret. Bond yields continue to POINT lower and STOCKS a pain, but  I still think poised to FAIL. Let’s see what Mr Trump can agree with China.

Bond yields : These continue to forecast lower yields especially in the US as we persist in failing multiyear moving averages and previous closes. The acceleration of the drop will be the painful addition.

US Curves : If yields stall, buy BACK END steepeners, 5-30 or 10-30 given their resilience previously. In general the RSI dislocation prefer steepeners across the board.

Equities : These are a pain currently as they are bouncing further than anticipated but overall many charts remain TERMINAL. Multiyear tops are in. All down to Mr Trump.

FX : It’s not all about the USD, far from it given Brexit, Europe and EM. The USD has to take a back seat this time. The EURO is back in focus as we lean toward a breach of the all-important 1.1241 50 % ret. EM should be a big winner this year given many have multiyear tops.

 

 

ASTOR RIDGE : Independent Ideas, Research, Liquidity, Anonymity and Trusted Experience.

 

  • UK:         14-16 Dowgate Hill, London EC4R 2SU
  • US:          245 Park Ave, 39th Floor, NY, NY, 10167
  • Office:   +44 (0) 203 143 4174
  • Mobile:  +44 (0) 7980708683
  • Email:     chris.williams@astorridge.com
  • Web:       www.AstorRidge.com
  •  
  • •             I provide our research notification below for your convenience:
  • •            
  • •             Research Unbundling:
  • •            
  • •             Astor Ridge does not provide independent research. We have no dedicated or paid strategists, research portals, or research subscriptions. However, you may receive unsolicited marketing communications from our Introducing Brokers from time to time, which may refer to specific trade recommendations. These recommendations are based solely on the opinion of the author, and are not official research recommendations of Astor Ridge.We have considered guidance from ESMA, and any written material from our Introducing Brokers that might fall within the scope of the rules will be provided for free, and made publicly available on our website, to any EU Investment firm that registers for it.
  • •            
  • •             If you are a MiFID firm and do not agree with our approach, and instead believe that you must pay for written commentary or trade recommendations, then Astor Ridge will accept  payments determined by    you.
  • •            
  • •            
  • •            
  • •             I also direct you to our disclaimer on our email footer:
  • •             This marketing was prepared by Christopher Williams, a consultant with Astor Ridge.  It is not appropriate to characterize this e-mail as independent investment research as referred to in MiFID and that it should be treated as a marketing communication even if it contains a trade recommendation. A history of marketing materials and research reports can be provided upon request in compliance with the European Commission’s Market Abuse Regulation.  Astor Ridge takes no proprietary trading risk, has no market making facilities, and has no position in any security we discuss in this e-mail.  The views in this e-mail are those of the author(s) and are subject to change, and Astor Ridge has no obligation to update its opinions or the information in this publication. If this e-mail contains opinions or recommendations, those opinions or recommendations reflect solely and exclusively those of the author, and such opinions were prepared independently of any other interests, including those of Astor Ridge and/or its affiliates. This publication does not constitute personal investment advice or take into account the individual financial circumstances or objectives of the those who receive it. The securities discussed herein may not be suitable for all investors. Astor Ridge recommends that investors independently evaluate each issuer, security or instrument discussed herein, and consult any independent advisors they believe necessary. The value of, and income from, any investment may fluctuate from day to day as a result of changes in relevant economic markets (including changes in market liquidity). The information herein is not intended to predict actual results, which may differ substantially from those reflected. Past performance is not necessarily indicative of future results. 
  • •            
  • •             You should not use or disclose to any other person the contents of this e-mail or its attachments (if any), nor take copies. This e-mail is not a representation or warranty and is not intended nor should it be taken to create any legal relations, contractual or otherwise. This e-mail and any files transmitted with it are confidential, may be legally privileged, and are for the sole use of the intended recipient. Copyright in this e-mail and any accompanying document created by Astor Ridge LLP is owned by Astor Ridge LLP. 
  • •            
  • •             Astor Ridge LLP is regulated by the Financial Conduct Authority (FCA):  Registration Number 579287
  • •             Astor Ridge LLP is Registered in England and Wales with Companies House:  Registration Number OC372185
  • •             Astor Ridge NA LLP is a member of FINRA/SIPC:  CRD Number 282626
  • •             Astor Ridge NA LLP is a member of the National Futures Association (NFA):  Firm ID Number 0499303
  • •             Astor Ridge NA LLP is Registered in England and Wales with Companies House:  Registration Number OC401796
  • •            
  • •            
  • •             If there is anything else you require from us to continue receiving our market communications, or prefer a different medium for access (e.g. publicly available password protected access on the Astor Ridge website), please do let me know.
  • •            
  • •             Otherwise, if you are more comfortable to deem consent by simply acknowledging receipt of this email, and continuing our trading relationship under our updated terms of business below, without registering your disapproval, we are happy to proceed on that basis.
  • •            
  • •             Many thanks,
  • •            
  • •             Chris

 

 

 

 


Today's BREXIT BARRAGE... The gloves are off - again...

BBG: Brexit Bulletin: To the Brink Together

BBG: Brexit Talks Head for Late Showdown as No-Deal Crisis Looms

BBG:  May Threatens a Long Brexit Delay, Her Top Aide Is Overheard Saying

FT: Is Theresa May intent on a no-deal Brexit?

FT:  Cautious Dublin reaps benefits of Brexit exodus

FT:  May’s Brexit point man lets slip PM’s possible endgame

TEL: Why a cheaper pound is not always a good thing

TEL:  Mark Carney drops Project Fear as he talks up free trade potential of Brexit

TEL:  Back Theresa May’s deal or prepare for a long delay to Brexit, PM’s chief negotiator ‘warns MPs’

TEL: Net migration could increase by 100,000 under Government’s post-Brexit regime, says campaign group

TEL: Jeremy Corbyn and Theresa May already agree on Brexit. They just can’t admit it

TEL: Nick Boles should look out – he’s an easy target for the new Brexit Party

TEL:  It’s no wonder Europeans hold the EU in contempt when it flagrantly ignores its own rules

TEL: An unholy alliance of Left and Right could push the PM into a no-deal Brexit she doesn’t want

More to come!

 

 

Mark

 

 

cid:<a href=image009.jpg@01D28D1B.42BD95C0">

 

Mark Funsch

 

O:            +44 (0) 203 - 143 - 4177

M:            +44 (0) 789 - 996 - 4051

E:             Mark.Funsch@AstorRidge.com

W:            www.AstorRidge.com

UK:          14-16 Dowgate Hill, London UK EC4R 2SU

US:          245 Park Ave, 39th Floor, NY, NY, 10167

 

This research was prepared by Mark Funsch.  He is a consultant with Astor Ridge.  A history of his marketing commentaries can be provided upon request in compliance with the European Commission’s Market Abuse Regulation.  Astor Ridge takes no proprietary trading risk, has no market making facilities, and has no position in any security we discuss in this e-mail.  The views in this e-mail are those of the author(s) and are subject to change, and Astor Ridge has no obligation to update its opinions or the information in this publication. If this e-mail contains recommendations, those recommendations reflect solely and exclusively those of the author, and such opinions were prepared independently of any other interests, including those of Astor Ridge and/or its affiliates. This publication does not constitute personal investment advice or take into account the individual financial circumstances or objectives of the clients who receive it. The securities discussed herein may not be suitable for all investors. Astor Ridge recommends that investors independently evaluate each issuer, security or instrument discussed herein, and consult any independent advisors they believe necessary. The value of and income from any investment may fluctuate from day to day as a result of changes in relevant economic markets (including changes in market liquidity). The information herein is not intended to predict actual results, which may differ substantially from those reflected. Past performance is not necessarily indicative of future results. 

 

You should not use or disclose to any other person the contents of this e-mail or its attachments (if any), nor take copies. This e-mail is not a representation or warranty and is not intended nor should it be taken to create any legal relations, contractual or otherwise. This e-mail and any files transmitted with it are confidential, may be legally privileged, and are for the sole use of the intended recipient. Copyright in this e-mail and any accompanying document created by Astor Ridge LLP is owned by Astor Ridge LLP. 

 

Astor Ridge LLP is regulated by the Financial Conduct Authority (FCA):  Registration Number 579287

Astor Ridge LLP is Registered in England and Wales with Companies House:  Registration Number OC372185

Astor Ridge NA LLP is a member of FINRA/SIPC:  CRD Number 282626

Astor Ridge NA LLP is a member of the National Futures Association (NFA):  Firm ID Number 0499303

Astor Ridge NA LLP is Registered in England and Wales with Companies House:  Registration Number OC401796

 

 


Today's BREXIT BARRAGE... "Give me just a little more time..."

BBG: How Theresa May Might Just Pull It Off

BBG: Brexit Costs Britain Almost $2.6 Billion in Lost Investment

BBG:  Theresa May Seeks More Time to Negotiate Brexit Deal With EU

BBG: If You’re Wondering How Hard a ‘Hard Brexit’ Could Be

FT:  May to plead with MPs for more time to overhaul Brexit deal

FT: Attitudes harden in UK’s ‘Brexit capital’

FT: The unanswered Brexit questions for traders

TEL: Letters: Theresa May’s idea of a Brexit that can please the Labour benches

TEL:  Theresa May to rule out staying in EU customs union after backlash by Eurosceptic MPs

TEL:  Eurosceptic parties could paralyse Brussels, report warns, with big gains expected at May election

TEL:  As far as the City is concerned, Brexit has happened, and it has taken place on no-deal terms

TEL: Philip Hammond’s Brexit ‘deal dividend’ is not credible, MPs say

TEL:  Britain needs a blast of investment stimulus to fight the global slump – regardless of Brexit

TEL:  Will there be a ‘Brexit bounce’ for business investment?

TEL:  Boris Johnson says he could back Theresa May’s deal if she secures a time limit or exit mechanism on Irish backstop

BBC: Brexit: Theresa May says MPs must hold their nerve

BBC:  Brexit: Will there be a resolution to months of indecision?

More to come…

 

Mark

 

 

 

cid:<a href=image009.jpg@01D28D1B.42BD95C0">

 

Mark Funsch

 

O:            +44 (0) 203 - 143 - 4177

M:            +44 (0) 789 - 996 - 4051

E:             Mark.Funsch@AstorRidge.com

W:            www.AstorRidge.com

UK:          14-16 Dowgate Hill, London UK EC4R 2SU

US:          245 Park Ave, 39th Floor, NY, NY, 10167

 

This research was prepared by Mark Funsch.  He is a consultant with Astor Ridge.  A history of his marketing commentaries can be provided upon request in compliance with the European Commission’s Market Abuse Regulation.  Astor Ridge takes no proprietary trading risk, has no market making facilities, and has no position in any security we discuss in this e-mail.  The views in this e-mail are those of the author(s) and are subject to change, and Astor Ridge has no obligation to update its opinions or the information in this publication. If this e-mail contains recommendations, those recommendations reflect solely and exclusively those of the author, and such opinions were prepared independently of any other interests, including those of Astor Ridge and/or its affiliates. This publication does not constitute personal investment advice or take into account the individual financial circumstances or objectives of the clients who receive it. The securities discussed herein may not be suitable for all investors. Astor Ridge recommends that investors independently evaluate each issuer, security or instrument discussed herein, and consult any independent advisors they believe necessary. The value of and income from any investment may fluctuate from day to day as a result of changes in relevant economic markets (including changes in market liquidity). The information herein is not intended to predict actual results, which may differ substantially from those reflected. Past performance is not necessarily indicative of future results. 

 

You should not use or disclose to any other person the contents of this e-mail or its attachments (if any), nor take copies. This e-mail is not a representation or warranty and is not intended nor should it be taken to create any legal relations, contractual or otherwise. This e-mail and any files transmitted with it are confidential, may be legally privileged, and are for the sole use of the intended recipient. Copyright in this e-mail and any accompanying document created by Astor Ridge LLP is owned by Astor Ridge LLP. 

 

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Today's BREXIT BARRAGE... Tick Tock...

‘Brinkmanship’ is the key word in today’s news as May’s accused of running out the clock to force acceptance of her deal…

BBG: Brexit Bulletin: High Noon Delayed

BBG: British and U.S. Banks Are Deeply Divided on Brexit Ties

BBG:  The Slow Boat to Brexit Oblivion Is Leaving Soon

BBG:  May Courts Corbyn as She Plays for Time to Get a Brexit Deal

FT: May offers concessions to win Labour support for Brexit deal

FT: Eurosceptics take aim at Tory MPs not toeing their line

FT: Brexit goes to the brink

FT:  EU governments provide Brexit relief for asset managers

FT: Have central banks lost their nerve?

FT: US companies warn investors of mounting Brexit risks

TEL: Italy explores its own bilateral Brexit deal with Britain as its economic crisis nears danger level  

TEL: The eurozone is just one crisis away from a hell of its own

TEL: Letters: Removing the backstop won’t make May’s deal any more acceptable

TEL:  100,000 German jobs at risk from no-deal Brexit

TEL: Theresa May to urge MPs to give her more time to seek Brexit concessions

TEL:  ‘Chaos, disaster. Cost’: Dutch business fears Netherlands has  much to lose from Brexit

TEL:  If we’re heading for a no-deal Brexit, why is the Government not acting now?

BBC: Brexit: Theresa May responds to Jeremy Corbyn’s letter

BBC: Brexit: More votes promised as Labour says May running down the clock

More to come!

 

 

Mark

 

 

cid:<a href=image009.jpg@01D28D1B.42BD95C0">

 

Mark Funsch

 

O:            +44 (0) 203 - 143 - 4177

M:            +44 (0) 789 - 996 - 4051

E:             Mark.Funsch@AstorRidge.com

W:            www.AstorRidge.com

UK:          14-16 Dowgate Hill, London UK EC4R 2SU

US:          245 Park Ave, 39th Floor, NY, NY, 10167

 

This research was prepared by Mark Funsch.  He is a consultant with Astor Ridge.  A history of his marketing commentaries can be provided upon request in compliance with the European Commission’s Market Abuse Regulation.  Astor Ridge takes no proprietary trading risk, has no market making facilities, and has no position in any security we discuss in this e-mail.  The views in this e-mail are those of the author(s) and are subject to change, and Astor Ridge has no obligation to update its opinions or the information in this publication. If this e-mail contains recommendations, those recommendations reflect solely and exclusively those of the author, and such opinions were prepared independently of any other interests, including those of Astor Ridge and/or its affiliates. This publication does not constitute personal investment advice or take into account the individual financial circumstances or objectives of the clients who receive it. The securities discussed herein may not be suitable for all investors. Astor Ridge recommends that investors independently evaluate each issuer, security or instrument discussed herein, and consult any independent advisors they believe necessary. The value of and income from any investment may fluctuate from day to day as a result of changes in relevant economic markets (including changes in market liquidity). The information herein is not intended to predict actual results, which may differ substantially from those reflected. Past performance is not necessarily indicative of future results. 

 

You should not use or disclose to any other person the contents of this e-mail or its attachments (if any), nor take copies. This e-mail is not a representation or warranty and is not intended nor should it be taken to create any legal relations, contractual or otherwise. This e-mail and any files transmitted with it are confidential, may be legally privileged, and are for the sole use of the intended recipient. Copyright in this e-mail and any accompanying document created by Astor Ridge LLP is owned by Astor Ridge LLP. 

 

Astor Ridge LLP is regulated by the Financial Conduct Authority (FCA):  Registration Number 579287

Astor Ridge LLP is Registered in England and Wales with Companies House:  Registration Number OC372185

Astor Ridge NA LLP is a member of FINRA/SIPC:  CRD Number 282626

Astor Ridge NA LLP is a member of the National Futures Association (NFA):  Firm ID Number 0499303

Astor Ridge NA LLP is Registered in England and Wales with Companies House:  Registration Number OC401796

 

 


****EQUITIES SPECIAL **** TIME TO FAIL. We seem to be forming the NEXT top aided by many daily RSI’s matching the previous downturn.

EQUITIES SPECIAL : TIME TO FAIL. We seem to be forming the NEXT top aided by many daily RSI’s matching the previous downturn. Here are some pre-open key levels to watch for as the weekend approaches.

Although no NEW monthly lows we haven’t rallied MUCH. It’s a matter of TIME before stocks head lower AGAIN!

Equities REMAIN very damaged goods! Europe is in a terminally bad way whilst the US is close to confirming the 10 year “RALLY” is over.

DAX page 2 remains OUTSIDE a significant and LONG STANDING channel.

Overall I still favour a MAJOR DROP and this weeks close is KEY. 

 

 

ASTOR RIDGE : Independent Ideas, Research, Liquidity, Anonymity and Trusted Experience.

 

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Astor Ridge Updated Econ/Supply/Events calendar for Week of Feb 11-15

Quick preview…

Relatively light supply-wise compared to this week: US calendar is empty, EGBs see a new 10yr NETHER and potentially a new 30yr OAT and the UKT 1F28s tapped on Thursday..

Data is mixed – BIG week for the UK and a smattering of US/EUR data…

 

No big events aside from a few CB speakers…

 

 

Enjoy!

 

Mark

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

cid:<a href=image009.jpg@01D28D1B.42BD95C0">

 

Mark Funsch

 

O:            +44 (0) 203 - 143 - 4177

M:            +44 (0) 789 - 996 - 4051

E:             Mark.Funsch@AstorRidge.com

W:            www.AstorRidge.com

UK:          14-16 Dowgate Hill, London UK EC4R 2SU

US:          245 Park Ave, 39th Floor, NY, NY, 10167

 

This research was prepared by Mark Funsch.  He is a consultant with Astor Ridge.  A history of his marketing commentaries can be provided upon request in compliance with the European Commission’s Market Abuse Regulation.  Astor Ridge takes no proprietary trading risk, has no market making facilities, and has no position in any security we discuss in this e-mail.  The views in this e-mail are those of the author(s) and are subject to change, and Astor Ridge has no obligation to update its opinions or the information in this publication. If this e-mail contains recommendations, those recommendations reflect solely and exclusively those of the author, and such opinions were prepared independently of any other interests, including those of Astor Ridge and/or its affiliates. This publication does not constitute personal investment advice or take into account the individual financial circumstances or objectives of the clients who receive it. The securities discussed herein may not be suitable for all investors. Astor Ridge recommends that investors independently evaluate each issuer, security or instrument discussed herein, and consult any independent advisors they believe necessary. The value of and income from any investment may fluctuate from day to day as a result of changes in relevant economic markets (including changes in market liquidity). The information herein is not intended to predict actual results, which may differ substantially from those reflected. Past performance is not necessarily indicative of future results. 

 

You should not use or disclose to any other person the contents of this e-mail or its attachments (if any), nor take copies. This e-mail is not a representation or warranty and is not intended nor should it be taken to create any legal relations, contractual or otherwise. This e-mail and any files transmitted with it are confidential, may be legally privileged, and are for the sole use of the intended recipient. Copyright in this e-mail and any accompanying document created by Astor Ridge LLP is owned by Astor Ridge LLP. 

 

Astor Ridge LLP is regulated by the Financial Conduct Authority (FCA):  Registration Number 579287

Astor Ridge LLP is Registered in England and Wales with Companies House:  Registration Number OC372185

Astor Ridge NA LLP is a member of FINRA/SIPC:  CRD Number 282626

Astor Ridge NA LLP is a member of the National Futures Association (NFA):  Firm ID Number 0499303

Astor Ridge NA LLP is Registered in England and Wales with Companies House:  Registration Number OC401796