Tom Norman
@farjeon.bsky.social
UK base, investing and index trading.
Interesting to see that #JHD.L see themselves as a beneficiary of the UK's relative tariff advantage. Sales to USA up as customers move away from suppliers from countries with higher tariffs.
July 29, 2025 at 8:59 AM
Interesting to see that #JHD.L see themselves as a beneficiary of the UK's relative tariff advantage. Sales to USA up as customers move away from suppliers from countries with higher tariffs.
Virtually all the market commentary I see is one version or another of buy the dip. Can this really be the case when the US is turning into a third world country before our eyes?
Can't convince myself it is.
Can't convince myself it is.
May 12, 2025 at 3:36 PM
Virtually all the market commentary I see is one version or another of buy the dip. Can this really be the case when the US is turning into a third world country before our eyes?
Can't convince myself it is.
Can't convince myself it is.
Brent Donnelly very good on current market action.
Particularly interesting about how the grift is failing.
www.spectramarkets.com/amfx/kiss-of...
Particularly interesting about how the grift is failing.
www.spectramarkets.com/amfx/kiss-of...
Kiss of Death
Normally, you want to buy whatever assets the government tells you to buy. This time is different.
www.spectramarkets.com
April 21, 2025 at 9:22 AM
Brent Donnelly very good on current market action.
Particularly interesting about how the grift is failing.
www.spectramarkets.com/amfx/kiss-of...
Particularly interesting about how the grift is failing.
www.spectramarkets.com/amfx/kiss-of...
Just checking in on the markets - gold, dollar and US ten year, oh dear oh dear. Doesn't seem as though the US has the equivalent of a 1922 Committee.
April 10, 2025 at 8:38 PM
Just checking in on the markets - gold, dollar and US ten year, oh dear oh dear. Doesn't seem as though the US has the equivalent of a 1922 Committee.
Any body language experts out there? Scott Bessent talking to Bloomberg. Nods in agreement when the interviewer states facts, then shakes his head in disagreement with his own statements:
www.youtube.com/watch?v=yO0G...
But doesn't happen here 9 month ago:
www.youtube.com/watch?v=drPH...
www.youtube.com/watch?v=yO0G...
But doesn't happen here 9 month ago:
www.youtube.com/watch?v=drPH...
Scott Bessent Urges US Trading Partners Not to Retaliate: Full Interview
YouTube video by Bloomberg Podcasts
www.youtube.com
April 4, 2025 at 10:55 AM
Any body language experts out there? Scott Bessent talking to Bloomberg. Nods in agreement when the interviewer states facts, then shakes his head in disagreement with his own statements:
www.youtube.com/watch?v=yO0G...
But doesn't happen here 9 month ago:
www.youtube.com/watch?v=drPH...
www.youtube.com/watch?v=yO0G...
But doesn't happen here 9 month ago:
www.youtube.com/watch?v=drPH...
Two interesting points here from Jason Shapiro:
1. Lots of people bearish but still very long - more selling to come?
2. US bonds not rising as they should - is the world prepared to finance the US?
www.youtube.com/watch?v=kKyY...
1. Lots of people bearish but still very long - more selling to come?
2. US bonds not rising as they should - is the world prepared to finance the US?
www.youtube.com/watch?v=kKyY...
MARKET CHAOS: THE TRUTH ABOUT TARIFF REACTIONS & BEARISH SENTIMENT!
YouTube video by Crowded Market Report
www.youtube.com
April 4, 2025 at 8:55 AM
Two interesting points here from Jason Shapiro:
1. Lots of people bearish but still very long - more selling to come?
2. US bonds not rising as they should - is the world prepared to finance the US?
www.youtube.com/watch?v=kKyY...
1. Lots of people bearish but still very long - more selling to come?
2. US bonds not rising as they should - is the world prepared to finance the US?
www.youtube.com/watch?v=kKyY...
I think about this a lot. What do equity returns look like in an age of wealth redistribution or political and economic turmoil?
It looks like that's what we're heading for but what's the play? Unlikely to be bonds, commodities perhaps, emerging markets...?
It looks like that's what we're heading for but what's the play? Unlikely to be bonds, commodities perhaps, emerging markets...?
April 2, 2025 at 1:48 PM
I think about this a lot. What do equity returns look like in an age of wealth redistribution or political and economic turmoil?
It looks like that's what we're heading for but what's the play? Unlikely to be bonds, commodities perhaps, emerging markets...?
It looks like that's what we're heading for but what's the play? Unlikely to be bonds, commodities perhaps, emerging markets...?
Never seen a Brian Eno interview before but he's completely on the money here:
www.youtube.com/watch?v=hh7C...
www.youtube.com/watch?v=hh7C...
Brian Eno perfectly explains selfishness of the super rich
YouTube video by Peeps
www.youtube.com
March 28, 2025 at 1:43 PM
Never seen a Brian Eno interview before but he's completely on the money here:
www.youtube.com/watch?v=hh7C...
www.youtube.com/watch?v=hh7C...
Thanks to @brucebsky.bsky.social for his recommendation of "Hare Brain Tortoise Mind" here:
knowledge.sharescope.co.uk/2025/02/05/b...
(The Sutherland talk is also great.)
Fascinating book and very helpful in making sense of a substack I'd been thinking about:
substack.com/@scottsteven...
knowledge.sharescope.co.uk/2025/02/05/b...
(The Sutherland talk is also great.)
Fascinating book and very helpful in making sense of a substack I'd been thinking about:
substack.com/@scottsteven...
Bi-Weekly Market Commentary | 5/2/2025 | RNWH, BBSN, FEVR | Slow Intelligence - ShareScope Articles
We’ve seen significant volatility over the last couple of weeks, first with Nvidia’s reaction to DeepSeek’s AI model then Donald Trump’s tariff announcements.
knowledge.sharescope.co.uk
March 25, 2025 at 11:48 AM
Thanks to @brucebsky.bsky.social for his recommendation of "Hare Brain Tortoise Mind" here:
knowledge.sharescope.co.uk/2025/02/05/b...
(The Sutherland talk is also great.)
Fascinating book and very helpful in making sense of a substack I'd been thinking about:
substack.com/@scottsteven...
knowledge.sharescope.co.uk/2025/02/05/b...
(The Sutherland talk is also great.)
Fascinating book and very helpful in making sense of a substack I'd been thinking about:
substack.com/@scottsteven...
Page 2 of Character Limit, How Elon Musk Destroyed Twitter:
"The data scientist was horrified. Musk, apparently, was one of the easily misled conspiracists he had studied in his work".
Could it all really be this simple?
"The data scientist was horrified. Musk, apparently, was one of the easily misled conspiracists he had studied in his work".
Could it all really be this simple?
March 20, 2025 at 2:38 PM
Page 2 of Character Limit, How Elon Musk Destroyed Twitter:
"The data scientist was horrified. Musk, apparently, was one of the easily misled conspiracists he had studied in his work".
Could it all really be this simple?
"The data scientist was horrified. Musk, apparently, was one of the easily misled conspiracists he had studied in his work".
Could it all really be this simple?
Interesting that not much support for Trump on twitter today, even amongst his erstwhile fans. Apart from Boris Johnson that is.
February 19, 2025 at 7:07 PM
Interesting that not much support for Trump on twitter today, even amongst his erstwhile fans. Apart from Boris Johnson that is.
Unusually large director buys at #LIO.L.
Upbeat statement in the half-year report and intending the dividend to be maintained at 72p.
Seems very soon after the budget for them to know what is going on. Anyway, now on the shortlist.
Upbeat statement in the half-year report and intending the dividend to be maintained at 72p.
Seems very soon after the budget for them to know what is going on. Anyway, now on the shortlist.
November 25, 2024 at 2:38 PM
Unusually large director buys at #LIO.L.
Upbeat statement in the half-year report and intending the dividend to be maintained at 72p.
Seems very soon after the budget for them to know what is going on. Anyway, now on the shortlist.
Upbeat statement in the half-year report and intending the dividend to be maintained at 72p.
Seems very soon after the budget for them to know what is going on. Anyway, now on the shortlist.
Reposted by Tom Norman
This just arrived - my first ever book published!
Less than 2 weeks to publication and if you pre-order you get 23% off at Amazon.
www.sharepickers.com/how-to-becom...
(I will randomly select 5 people who like & repost this and send them a free copy).
@harrimanhouse
Less than 2 weeks to publication and if you pre-order you get 23% off at Amazon.
www.sharepickers.com/how-to-becom...
(I will randomly select 5 people who like & repost this and send them a free copy).
@harrimanhouse
November 20, 2024 at 10:54 AM
This just arrived - my first ever book published!
Less than 2 weeks to publication and if you pre-order you get 23% off at Amazon.
www.sharepickers.com/how-to-becom...
(I will randomly select 5 people who like & repost this and send them a free copy).
@harrimanhouse
Less than 2 weeks to publication and if you pre-order you get 23% off at Amazon.
www.sharepickers.com/how-to-becom...
(I will randomly select 5 people who like & repost this and send them a free copy).
@harrimanhouse
This shows SPY (S&P 500 ETR) for the first 8 days after Trump's 2 election wins. Rebased to 1.
Given the tariff rhetoric and his staff picks this look wildly optimistic to me.
Given the tariff rhetoric and his staff picks this look wildly optimistic to me.
November 15, 2024 at 11:11 AM
This shows SPY (S&P 500 ETR) for the first 8 days after Trump's 2 election wins. Rebased to 1.
Given the tariff rhetoric and his staff picks this look wildly optimistic to me.
Given the tariff rhetoric and his staff picks this look wildly optimistic to me.
Good piece about what drives the UK price of electricity and the state of play with renewables.
unbalancingmechanism.substack.com/p/foundation...
unbalancingmechanism.substack.com/p/foundation...
Foundation's Edge
Why one of the most important essays of our times has an energy-shaped hole in it
unbalancingmechanism.substack.com
November 8, 2024 at 4:22 PM
Good piece about what drives the UK price of electricity and the state of play with renewables.
unbalancingmechanism.substack.com/p/foundation...
unbalancingmechanism.substack.com/p/foundation...
Some interesting reading I've come across recenlty.
Firstly a great piece about systems by Donella Meadows (if nothing else read the last page):
www.donellameadows.org/wp-content/u...
And to see this kind of thinking in action try
findthemoat.com
Firstly a great piece about systems by Donella Meadows (if nothing else read the last page):
www.donellameadows.org/wp-content/u...
And to see this kind of thinking in action try
findthemoat.com
www.donellameadows.org
October 18, 2024 at 4:42 PM
Some interesting reading I've come across recenlty.
Firstly a great piece about systems by Donella Meadows (if nothing else read the last page):
www.donellameadows.org/wp-content/u...
And to see this kind of thinking in action try
findthemoat.com
Firstly a great piece about systems by Donella Meadows (if nothing else read the last page):
www.donellameadows.org/wp-content/u...
And to see this kind of thinking in action try
findthemoat.com
Results for September, equities -1.6% and index trades -4.02%.
October 2, 2024 at 10:37 AM
Results for September, equities -1.6% and index trades -4.02%.
Bought #BRBY.L on Friday.
China stimulus was the catalyst but on my radar because:
*Chucked out of FTSE = forced selling
*Director buys
*New management
*Improved range.
China stimulus was the catalyst but on my radar because:
*Chucked out of FTSE = forced selling
*Director buys
*New management
*Improved range.
September 30, 2024 at 4:15 PM
Bought #BRBY.L on Friday.
China stimulus was the catalyst but on my radar because:
*Chucked out of FTSE = forced selling
*Director buys
*New management
*Improved range.
China stimulus was the catalyst but on my radar because:
*Chucked out of FTSE = forced selling
*Director buys
*New management
*Improved range.
I do try to hate the French but then you find out that they've developed barbecues that roll on tram tracks for when they're striking.
source: ukfoundations.co
(well worth reading).
source: ukfoundations.co
(well worth reading).
September 20, 2024 at 4:39 PM
I do try to hate the French but then you find out that they've developed barbecues that roll on tram tracks for when they're striking.
source: ukfoundations.co
(well worth reading).
source: ukfoundations.co
(well worth reading).
End of August returns. Long-term portfolio (equities, bonds, trend-following, gold): +7.2% ytd. Index trades: +21.4% ytd.
A good year for trading so far but note the chart shows trades after they're closed. In reality open position drawdowns make it considerably more volatile.
A good year for trading so far but note the chart shows trades after they're closed. In reality open position drawdowns make it considerably more volatile.
September 3, 2024 at 2:49 PM
End of August returns. Long-term portfolio (equities, bonds, trend-following, gold): +7.2% ytd. Index trades: +21.4% ytd.
A good year for trading so far but note the chart shows trades after they're closed. In reality open position drawdowns make it considerably more volatile.
A good year for trading so far but note the chart shows trades after they're closed. In reality open position drawdowns make it considerably more volatile.
I imported 19 friends from Twitter to Bluesky
Import your Twitter follows to Bluesky
skygaze.io
January 10, 2024 at 5:55 PM
I imported 19 friends from Twitter to Bluesky