HomeWho are weWhat we doServicesContact us

Stephen Pope is the founder and Managing
Partner of spotlightideas.

He has worked in the international capital...

In addition to the articles and research notes
that appear on this site spotlightideas is
available for commission work where unique,
sole ownership analysis will be prepared...

There is no formulaic approach to
evaluating an opportunity or situation. The
concept behind macro ideas is “What if?”
Global/Regional/national situations...

Wall Street Journal features Stephen Pope & Spotlight Ideas

Wednesday November 28th 2012


The new-home sales report for October is due at 10 a.m. U.S. Eastern Time. Sales of new single-family homes rose to the highest rate in more than two years in September, and economists anticipate demand and lean inventories will maintain that level.
"We're expecting a reasonable in-line number, given what we've seen on the economic front," said Stephen Pope, managing partner at Spotlight Ideas, referring to a better-than-expected batch of data out the prior day.
"It's almost as though the economy is looking after itself because at the moment we have to focus on the fiscal cliff," he said.
Also, at 2 p.m. Eastern, the Fed will release its Beige Book summary of regional economic conditions, which is expected to say growth continued at a modest clip with the labor market little changed. Economists will be looking for comments about the effect of Hurricane Sandy, along with impacts of the fiscal cliff.
Mr. Pope said the market may have overreacted to Senate Majority Leader Harry Reid, who triggered selling on Wall Street on Tuesday when he said little progress has been made on avoiding the so-called fiscal cliff.
Down 1% for the week so far, the Dow Jones Industrial Average fell 89.24 points, or 0.7%, to end at 12878.13 on Tuesday.
"I can't believe anyone really believes that in the first serious get-together postelection, anyone will walk out and say, 'You know what guys, we agree on everything,'" said Mr. Pope. "I think this is the first salvo, and people are trying to position themselves for the most advantageous position."
"I think you're going to see, going forward from here, a repetition of yesterday, with people making grandstanding statements—a bit like how it's gone in Europe—and trying to flex their muscles," he said.
He said markets will get a boost as soon as investors get two or three days of more constructive comments from politicians. "Particularly as December wears on, trading will thin out and markets will get the benefit of window-dressing, which could push the Dow closer to 13000,"

Latest Articles

Latest Research | List all

Renminbi Assets Anyone? Better Start Out Slowly. | 25-01-18
...Read more
Beware Another Debt Crisis, This Time From The East | 19-01-18
...Read more
For Fx Explained | 15-01-18
...Read more

Broadcast Media | List all

Naked Short Club | 13-11-17
...Read more
Stephen Pope at University of Warwick | 30-10-17
...Read more
A Discussion about Oil, Gold and Coffee | 12-10-17
...Read more

In The Press | List all

For Fx Explained | 26-02-18
...Read more
For Fx Explained | 12-02-18
...Read more
For Fx Explained | 05-02-18
...Read more

Articles Archive