The Old Man’s Views

THE MARKET IS TERRIFIED — IT JUST HASN’T STARTED SCREAMING YET

By Tony Westfallen / 12 Aug 2026

Everything is looking fine, with most equity investors enjoying the past week’s rally. However, there is a lot going on beneath the surface that simply cannot be ignored.
We still live in a world where AI investing and flying rockets dominate the landscape. Until those rockets go silent, we have to expect some turbulent times – and, more importantly, prepare for them.
The post THE MARKET IS TERRIFIED — IT JUST HASN’T STARTED SCREAMING YET first appeared on JP Fund Services.

Markets Are Rising, Europe Is Sinking – Has the Smart Money Already Rotated?

By Tony Westfallen / 06 Aug 2026

Everything is looking fine, with most equity investors enjoying the past week’s rally. However, there is a lot going on beneath the surface that simply cannot be ignored.
We still live in a world where AI investing and flying rockets dominate the landscape. Until those rockets go silent, we have to expect some turbulent times – and, more importantly, prepare for them.
The post Markets Are Rising, Europe Is Sinking – Has the Smart Money Already Rotated? first appeared on JP Fund Services.

It’s a Shame So Many Traders Shy Away from Commodities

By Tony Westfallen / 31 Jul 2026

Having started my career as a commodity trader and analyst, trading raw materials has never particularly bothered me. I realise much of our industry’s growth has been driven by the attraction of other instruments, especially those that are easier to trade through online platforms. However, now that commodity CFDs are widely available, I would urge more traders and investors to follow these markets and use them to diversify their portfolios.
The post It’s a Shame So Many Traders Shy Away from Commodities first appeared on JP Fund Services.

I’ve Been Away Six Days, and the Markets Seem to Have Misplaced Their Marbles

By Tony Westfallen / 30 Jul 2026

I’ve been on the road for the past week, taking care of my old mum in the UK. I thought if I leave the markets alone for six days, I could reasonably expect to return to little more than a slightly different set of prices.
The post I’ve Been Away Six Days, and the Markets Seem to Have Misplaced Their Marbles first appeared on JP Fund Services.

The World Cup Is Over. Now Put Down the Charts and Prepare for the Sangria

By Tony Westfallen / 23 Jul 2026

Spain have lifted the World Cup, the final whistle has blown, and traders everywhere are about to enter that dangerous annual period known as “the family holiday”. For the past few weeks, our partners have complained about us watching football every night.
The post The World Cup Is Over. Now Put Down the Charts and Prepare for the Sangria first appeared on JP Fund Services.

While Traders Watched the Football, Trump Tried to Bomb Iran Without Blowing Up the Oil Market

By Tony Westfallen / 16 Jul 2026

There are weeks when traders carefully study economic data, analyse central-bank speeches and examine every candle on the chart. Then there are World Cup weeks, when half the dealing room is watching football on a second screen and pretending the sudden shout was caused by the bond market.
The post While Traders Watched the Football, Trump Tried to Bomb Iran Without Blowing Up the Oil Market first appeared on JP Fund Services.

The Rally Was Wearing Sunglasses – Then Iran Threw a Brick Through the Window

By Tony Westfallen / 09 Jul 2026

The first week of July began with markets doing what markets often do when they have decided not to worry: pretending everything was under control.
The post The Rally Was Wearing Sunglasses – Then Iran Threw a Brick Through the Window first appeared on JP Fund Services.

The First Half of 2026: AI Kept the Party Going, War Kept the Barman Nervous

By Tony Westfallen / 01 Jul 2026

The first six months of 2026 were not exactly dull, were they? We started January with investors still arguing about inflation, interest rates, overvalued tech, oil risk, and whether Bitcoin was a proper asset or just a very expensive mood swing. By the end of June, the same arguments were still going on – only louder, more emotional, and with a few missiles over the Strait of Hormuz thrown in for good measure.
The post The First Half of 2026: AI Kept the Party Going, War Kept the Barman Nervous first appeared on JP Fund Services.

Peace, Panic and Expensive Dreams

By Tony Westfallen / 25 Jun 2026

Interest rates may be tradable, and God knows the markets love turning every central bank cough into a full-blown drama, but the bigger question is whether rates at current levels are genuinely restrictive enough to damage economic growth.
The post Peace, Panic and Expensive Dreams first appeared on JP Fund Services.

Rates Matter, But War, Oil and Politics Matter More

By Tony Westfallen / 18 Jun 2026

Interest rates may be tradable, and God knows the markets love turning every central bank cough into a full-blown drama, but the bigger question is whether rates at current levels are genuinely restrictive enough to damage economic growth.
The post Rates Matter, But War, Oil and Politics Matter More first appeared on JP Fund Services.