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Chemicals and the Economy

Smart money leaves Dalian

A key rule for any successful trader is that high volume is always bullish, and low volume is negative. The blog first learnt this when trading oil products in Houston, on secondment from the UK in the 1980’s. And it has proved an invaluable guide ever since, in a wide range of markets. The rationale […]

L’Oreal goes Affordable

Further evidence of the trend towards a more frugal consumer comes from L’Oreal, the world’s largest cosmetics company. Like Procter & Gamble, it was slow to react to the trends identified by the major retail chains some 2 years ago. As a result, its profits fell 14% in H1, after decades of 10% annual increases. […]

Green shoots begin to disappear

September’s IeC Boom/Gloom Index© is slightly higher than August. But the ‘Green Shoots’ level (green line) has fallen sharply, indicating that sentiment has become less positive about the staying power of the recent rallies in financial markets. The index now includes a new reading for “frugal” (red line), as this may be worth watching in […]

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