Small Cap Value Report (Wed 6 Jan 2021) - QE, HEAD, TPT
Good morning, it's Paul here with the SCVR for Wednesday. Timing - I've started early again today, so should be mostly done by 1pm. Agenda - Headlam (LON:HEAD) - operational update - business as usual . US Senate Elections I was up most of the night following the US Senate elections in Georgia, because that could be important for the US market, determining whether President Biden is able to push through massive stimulus amp; infrastructure programs, and tax rises for companies amp; the wealthy. Or whether a Republican Senate could block or tame his policies. Opinion seemed to be divided amongst US commentators, on which outcome would be good for the economy and stock markets, so I ended up retiring rather confused. Monthly GDP - UK Whilst browsing the ONS website last night, waiting for something to happen in America, I happened to come across an interesting graph (see below) re UK GDP, measured monthly. This runs from Jan 2007 to Oct 2020. You can see the first dip for the financial crisis from mid-2008 to mid-2009. Compare that with the unprecedented stoppage of the economy due to covid/lockdown 1,...