Daily Note – Go out and vote!


ECB to stay the course!

United Kingdom: Retail Sales accelerate in April

United States: Weekly claims close to historic lows

Eurozone: Flash PMI data slows in May

Good morning,

It is time to vote in Ireland’s gay marriage referendum. Let’s hope for a massive, tolerant Yes vote! Heading down to the polling station now. Whatever you say, democracy has a great feel to it.

Speaking of a type of democracy, the ECB yesterday emphasised the need for a “steady course” of monetary policy and a “firm implementation” of the asset purchases. The current level of policy rates was reconfirmed as the “effective lower bound”. So buy equities! This is a reflation trade after all.

Download a FULL PDF version of the Daily Note:

Global Macro-Daily Note 22nd May 2015


The statements, opinions and analyses presented in the articles, newsletters, and other materials appearing on this website are provided as general information and for educational purposes. Opinions, estimates and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. Nothing contained in this website is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment. David McWilliams shall not be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided.

Categories: Daily Note