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Welcome to the Ingham Analytics Archive

Here you will find the financial markets research notes and Sunday Letters published by Ingham Analytics

Every week we publish notes by Mark Ingham and Andrew Kinsey in particular on market moving topics, be that equity and debt capital markets, central banking, foreign exchange, macro-economics or risk management. No fear, no favour, telling it like it is.

Each Sunday in our Letter, which has gained a large following, we take a step back to see wood for trees, taking stock of things that grabbed our attention during the week that was. Not too seriously, there is enough of that about, with a touch of humour and with a balanced perspective

Latest Financial Market Notes

Every week we publish notes by Mark Ingham and Andrew Kinsey in particular on market moving topics, be that equity and debt capital markets, central banking, foreign exchange, macro-economics or risk management. No fear, no favour, telling it like it is.

The Macro View (bonds) – “Not at all curvaceous”

The Macro View (bonds) – “Not at all curvaceous”

If a week is a long time in politics, then the same could be applied to bond markets. Our recent note “Plane crash on the Hudson Mk II?” was well timed. Now, with U.S. CPI at 7.5%, has anything changed? The answer is no. Interest rates are heading north but economic growth is heading south. There is no navigating through things without serious policy errors by central banks, whose track record is already abysmal.

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Latest Sunday Letters

Each Sunday in our Letter, which has gained a large following, we take a step back to see wood for trees, taking stock of things that grabbed our attention during the week that was. Not too seriously, there is enough of that about, with a touch of humour and with a balanced perspective

Welcome to our Weekly Letter on Sunday. Brent oil was $95 a barrel on Friday. Oil companies can scarcely believe their good fortune. Eagle eyed investors will have noticed that a supermajor oil company reported Q4 and full year 2021 results as Shell PLC, not Royal Dutch Shell, as this is the first set of results as a unified entity with a principal London headquarters and listing

Welcome to our Weekly Letter on Sunday. Brent oil was $95 a barrel on Friday. Oil companies can scarcely believe their good fortune. Eagle eyed investors will have noticed that a supermajor oil company reported Q4 and full year 2021 results as Shell PLC, not Royal Dutch Shell, as this is the first set of results as a unified entity with a principal London headquarters and listing

As we mentioned last week with respect to ExxonMobil and Chevron, the final quarter of 2021 was a bumper financial period too for both Shell and BP as oil prices recovered from the pandemic lows of 2020

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Welcome to our Weekly Letter on Sunday. A Happy New Year to our Chinese readers or as you say in Mandarin, 新 年 快 乐. The year of the Tiger takes over from the year of the Ox. We wish mainland China a successful hosting of the XXIV Winter Olympics, which began this Friday

Welcome to our Weekly Letter on Sunday. A Happy New Year to our Chinese readers or as you say in Mandarin, 新 年 快 乐. The year of the Tiger takes over from the year of the Ox. We wish mainland China a successful hosting of the XXIV Winter Olympics, which began this Friday

Whilst Chinese people the world over celebrate their New Year, on the business front in the U.S. earnings season continues with mega cap Amazon doubling Q4 earnings on the surface but entirely thanks to a mark-to-market gain on shares in EV firm Rivian, whose stock price this week is a lot cheaper

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