Our take on the investing, financial, & economic themes of the day

Big U.S. Banks & Brexit

25 July, 2016 by Paul Devine in Commentary
Two of the largest U.S. banks reported their second-quarter earnings late last week, and while the earnings were as moderately strong as most analysts had expected, it was surprising how little attention was devoted to the Brexit both by bankers and analysts.  That’s not surprising, since most ... read more...

Buying Opportunities from the Brexit Sell-Off

29 June, 2016 by Matthew O'Brien, Ph.D. in Commentary
U.S. markets have been up strongly yesterday and (thus far) today, as have British and European markets.  Are there buying opportunities among the stocks that sold off sharply on Friday and Monday? Fewer than you might think.  The selling on Friday and Monday wasn’t indiscriminate, and ... read more...

Brexit may not inhibit LSE/Deutsche Börse Tie-Up

29 June, 2016 by Matthew O'Brien, Ph.D. in Commentary
Here’s another piece of evidence for thinking Brexit may not hurt UK companies as much as many think: although there are uncertainties about what final shape the deal will take, the Brexit vote hasn’t even deterred the proposed merger of the London Stock Exchange Group and ... read more...

Britain’s fortunes

28 June, 2016 by Matthew O'Brien, Ph.D. in Commentary
One fact that complicates my previous argument about Britain’s fortunes, post-Brexit, is the comparative underperformance of the FTSE 250, which tracks mid-cap companies.  Such mid-caps are typically less globally oriented, compared to the larger companies in the FTSE 100.  As the WSJ ... read more...

The Fallout from Brexit: Europe is Worse-Off than Britain

27 June, 2016 by Matthew O'Brien, Ph.D. in Commentary
Over the next few days I will summarize some of our thinking at O’Brien Greene about the fallout from Britain’s vote to leave the EU.  Let me begin with one observation. The EU needs Britain more than Britain needs the EU, and the “leave” vote is a greater threat to the ... read more...