Accessibility help Skip to navigation Skip to content Skip to footer
  • Sign In
  • Subscribe
Menu Search
Financial Times
myFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
    Most Read
    • Theresa May’s Brexit suffers historic defeat
    • MPs overwhelmingly reject Theresa May’s Brexit deal — as it happened
    • May’s defeat spells trouble for the EU’s Brexit approach
    • Theresa May hints at delay to UK’s exit from Europe
    • Congo voting data reveal huge fraud in poll to replace Kabila
  • US
    Sections
    • US Home
    • US Economy
    • US Politics & Policy
    • US Companies
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • How Santander’s ditching of Andrea Orcel stunned finance industry
    • Potential €50m bill forces Santander U-turn on Orcel
    • Marking the euro at 20: the eurozone is doomed to succeed
    • Why Trump’s America is rethinking engagement with China
    • Cleaning up: the peculiar power of Marie Kondo
  • Tech
  • Markets
    Sections
    • Markets Home
    • fastFT
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    Most Read
    • Marking the euro at 20: the eurozone is doomed to succeed
    • Why Trump’s America is rethinking engagement with China
    • Investors think Elon Musk’s Tesla made another pot joke
    • Economists react to May’s Brexit House of Commons defeat
    • UK pound rebounds after May’s Brexit plan defeated in Commons
  • Graphics
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Instant Insight
    • Lex
    • Alphaville
    • Obituaries
    • Letters
    Most Read
    • Marking the euro at 20: the eurozone is doomed to succeed
    • Theresa May’s drubbing points to a Brexit delay
    • Cleaning up: the peculiar power of Marie Kondo
    • Theresa May has one last throw of the Brexit dice
    • Why the housing ladder doesn't exist anymore
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    Most Read
    • Advice from one female portfolio manager to others
    • Open-plan offices: time to bring back the cubicle?
    • Britain’s blue-collar immigration plan is a superficial fix
    • Plastics and veganism: the new ethical frontiers
    • FT business books of the month: January edition
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Next Act
    • Style
    • Travel
    Most Read
    • Cleaning up: the peculiar power of Marie Kondo
    • Open-plan offices: time to bring back the cubicle?
    • Sleep expert Matthew Walker on the secret to a good night’s rest
    • Fyre: The Greatest Party That Never Happened, Netflix — from VIP festival to washout
    • Ermonela Jaho is deeply moving in La traviata at the Royal Opera House
  • How to Spend It
  • Sign In
  • Subscribe
Menu Search
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Graphics
  • Opinion
  • Work & Careers
  • Life & Arts
  • How to Spend It
Financial Times
  • Sign In
  • Subscribe

Get a fresh start.

Get a fresh start.
Choose your FT trial

Michael Mackenzie

Senior investment commentator
Michael is the FT's senior investment commentator. He was formerly global markets editor in London and prior to 2015 was the US markers editor. He joined the FT's New York office in 2006 after covering US bonds and derivatives markets for Dow Jones from 2000. Prior to his journalism career, Michael was a derivatives broker for Tullett & Tokyo in Hong Kong, London, Toronto, New York and Tokyo.
Email Michael Mackenzie @michaellachlan (link opens in a new browser window)
Email Michael Mackenzie @michaellachlan (link opens in a new browser window)

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • Wednesday, 16 January, 2019
    Market Forces
    A steep climb looms for US long bonds Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Tuesday, 15 January, 2019
    Market Forces
    Looking on the brighter side Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Monday, 14 January, 2019
    Market Forces
    The looming credit market crunch Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Friday, 11 January, 2019
    The Long ViewUS equities
    Bull markets need fresh blood to drive higher

    Dearth of initial public offerings bodes ill for longer-term returns

  • Friday, 11 January, 2019
    Market Forces
    Good vibrations tops the charts early in 2019 Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Thursday, 10 January, 2019
    Market Forces
    Hitting the old Fed pause button Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Wednesday, 9 January, 2019
    Market Forces
    Bargain hunters are out in force Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Tuesday, 8 January, 2019
    Market Forces
    The washout stakes Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Monday, 7 January, 2019
    Market Forces
    Investors in thrall of the market tug of war Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Promoted Content
  • Saturday, 5 January, 2019
    The Long ViewMarkets
    History has some troubling lessons on bear markets

    Investors are rightful to be wary of the view that equities will breezily bounce back

  • Friday, 28 December, 2018
    The Long ViewMarkets
    December drama ends bleak year for markets

    Investors’ destiny depended on catching unpredictable trends in time during a turbulent 2018

  • Friday, 21 December, 2018
    Market Forces
    Seeking an oasis from an arid market Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Friday, 21 December, 2018
    The Long ViewMarkets
    A painful wait for clarity on this market tempest

    Investors face stormy conditions until we know more about the US economy and the Fed’s intentions

  • Wednesday, 19 December, 2018
    Instant InsightFederal Open Market Committee US
    Powell noted ‘mood of angst’ and made it worse

    Fed chair highlighted growth concerns without signalling pause to rate rises

  • Wednesday, 19 December, 2018
    Market Forces
    A policy juggling act that can’t satisfy Wall Street Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Wednesday, 19 December, 2018
    Capital markets
    Treasury yield curve flattens as Fed cuts outlook
  • Tuesday, 18 December, 2018
    Market Forces
    After you, Mr Powell Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Monday, 17 December, 2018
    Market Forces
    Seeking a glimmer of light after the darkness Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Friday, 14 December, 2018
    The Long ViewEurope quantitative easing
    Why the fate of European stocks lies with China

    Fiscal rules and still-loose monetary policy mean the region has to look elsewhere for stimulus

  • Friday, 14 December, 2018
    Market Forces
    Little cheer for the holidays as growth worries take hold Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Thursday, 13 December, 2018
    Market Forces
    Closing the curtain on Europe’s easy money show Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Wednesday, 12 December, 2018
    Market Forces
    CME leads winners from the return of market volatility Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Tuesday, 11 December, 2018
    Market Forces
    Yellow Vests drive ‘Le Spread’ Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Monday, 10 December, 2018
    Market Forces
    The pound is only getting lighter in your pocket Premium

    Mike Mackenzie’s daily analysis of what’s moving global markets

  • Saturday, 8 December, 2018
    The Long ViewMarkets
    Buckle up for a bear market or final hurrah

    Shifts in bond yields are warning investors to be wary of late-cycle weakness

Previous You are on page 1 Next

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
Manage cookies
Accept & continue
Support
View Site Tips Help Centre About Us Accessibility myFT Tour
Legal & Privacy
Terms & Conditions Privacy Cookies Copyright Slavery Statement & Policies
Services
FT Live Share News Tips Securely Individual Subscriptions Group Subscriptions Republishing Contracts & Tenders
Executive Job Search Advertise with the FT Follow the FT on Twitter FT Transact Secondary Schools
Tools
Portfolio Today's Newspaper (ePaper) Alerts Hub Lexicon MBA Rankings
Economic Calendar News feed Newsletters Currency Converter
More from the FT Group
Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2019. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Financial Times

International Edition

  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
  • US
    • US Economy
    • US Politics & Policy
    • US Companies
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • fastFT
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
  • Graphics
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Instant Insight
    • Lex
    • Alphaville
    • Obituaries
    • Letters
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Next Act
    • Style
    • Travel
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
  • Science
  • Special Reports
  • FT recommends
  • Lex
  • Alphaville
  • EM Squared
  • Lunch with the FT
  • FT Confidential Research
  • Video
  • Podcasts
  • News feed
  • Newsletters
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In