Notes for Tuesday
Notes for Tuesday:
0.“If cash flows and expected growth have not changed over the month, the price of equity risk has jumped from 5.38% at the start of the month to the 5.89% on October 26, putting it at the high end of equity risk premiums in the last decade.
0.“If cash flows and expected growth have not changed over the month, the price of equity risk has jumped from 5.38% at the start of the month to the 5.89% on October 26, putting it at the high end of equity risk premiums in the last decade.
1.From Bloomberg:
Angela Merkel’s announcement yesterday
marks the last chapter of her long domination of German politics. She is
stepping down as the head of Germany’s Christian Democratic Union and says she
won’t run for re-election. What’s less certain is whether she will see out her
full term as chancellor, which might run until 2021, and whether the country’s
political center can survive without her.
Nothing new
here Schroeder left the party in 2004 and stayed as chancellor.
3.From Clifwater Weekly
(Brazilian Macro Manager #1) Long, then Short BRL: Far-right populist Jair Bolsonaro is widely expected to defeat his left-wing opponent Fernando Haddad in the nation’s final presidential vote on Sunday. Bolsonaro’s win will lead to a nice bounce, and which will be nice entry point to short BRL. Bolsonaro’s honeymoon period won’t last long – he’s political unsavvy, congress remains very fragmented, and Brazil faces considerable fiscal headwinds. This will ultimately lead to downward pressure on the BRL and Brazilian equities
4.Price of Power in Europe
My country Portugal despite being one of the poorest have one of the highest prices of Power in Europe, 0,22 per kwh above the European average 0,2!
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