In today’s Tip TV market roundup, we discuss the key trending stories in the financial markets - the takeover of ARM (LON:ARM) by Softbank (T:9984), the state of sterling, BoE easing expectations, oil, indices and more, with Zak Mir, Technical Analyst at Zak’s Traders Cafe, and Nick Batsford, CEO at Tip TV.
Key Quotes
“Takeover of ARM by Softbank (who paid 80 times earnings is literally through the roof) no wonder Softbank shares were down 11%.”
“No reason why sterling could crash further – uncertainty is history, Carney unlikely to cut rates”
“Russell 2000 – could extend gains to record highs.. 14-day RSI still not overbought”