Accessibility help Skip to navigation Skip to content Skip to footer

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
  • Sign In
  • Subscribe
Open drawer menu Open search bar
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
    • Boris Johnson’s vow to implement Brexit deal by December 2020 in doubt
    • Christine Lagarde prepares sweeping review of ECB’s strategy
    • Finland’s Sanna Marin becomes world’s youngest serving PM
    • Central bankers pay tribute to Paul Volcker
    • Deutschland AG sticks with Xinjiang despite Uighurs mistreatment
  • US
    Sections
    • US Home
    • US Economy
    • US Politics & Policy
    • US Companies
    Most Read
    • Goldman plans to bring wealth management to the masses
    • Jeff Bezos warns US military it risks losing tech supremacy
    • Central bankers pay tribute to Paul Volcker
    • Worrying signs that a great global deregulation has begun
    • Why Europe will choose the US over China
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • Goldman plans to bring wealth management to the masses
    • Wirecard’s singular approach to counting cash    
    • Worrying signs that a great global deregulation has begun
    • HSBC reshuffles top team ahead of restructuring
    • Indian IT boss says Brexit makes planning ‘impossible’
  • Tech
  • Markets
    Sections
    • Markets Home
    • fastFT
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    Most Read
    • Hedge funds key in exacerbating repo market turmoil, says BIS
    • Worrying signs that a great global deregulation has begun
    • Will sterling hold its gains through the UK general election?
    • A tough equity message for three groups
    • Hedge funds lag stocks and bonds again
  • Graphics
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Instant Insight
    • Lex
    • Alphaville
    • Obituaries
    • Letters
    Most Read
    • Worrying signs that a great global deregulation has begun
    • Why Europe will choose the US over China
    • The painful truth about feedback at work
    • How to take back control from the Big Tech barons
    • Paul Volcker, central banker, 1927-2019
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • HEC Paris takes top place in FT European business school rankings
    • The painful truth about feedback at work
    • How common are bad bosses?
    • How women are failed by thoughtless design
    • Psychologist Carol Dweck: ‘Everyone is a work in progress’
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • New York’s best restaurants for power dining
    • Why Leave will win the Brexit battle
    • A meticulous account of the killing of journalist Jamal Khashoggi
    • Nobel-winner Esther Duflo on what mainstream economics got wrong
    • December strikes in Paris: travel disruptions to look out for
  • 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

  • Monday, 9 December, 2019
    Market Forces
    Trade and UK politics retain capacity for shock value Premium

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

    1 hour ago
  • Friday, 6 December, 2019
    Market Forces
    A tough equity message for three groups Premium

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

  • Friday, 6 December, 2019
    The Long ViewMarkets
    Investors try to filter out Sino-US trade war noise

    Assuming that markets can live with the ‘weaponisation’ of tariffs may be a false comfort

  • Thursday, 5 December, 2019
    Market Forces
    A soft dollar awaits an employment update Premium

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

  • Wednesday, 4 December, 2019
    Market Forces
    The pound dances with the polls Premium

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

  • Tuesday, 3 December, 2019
    Market Forces
    Overplaying your trade hand Premium

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

  • Monday, 2 December, 2019
    Market Forces
    Rising equities and yields is the usual story for December Premium

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

  • Friday, 29 November, 2019
    Market Forces
    Risk sentiment ignores flesh wounds Premium

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

  • Friday, 29 November, 2019
    The Long ViewSovereign bonds
    Investors call bonds ballast into question

    Government debt’s traditional role in portfolios is dented by rush of negative yields

  • Promoted Content
  • Wednesday, 27 November, 2019
    Market Forces
    Merrily ignoring the warning shots Premium

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

  • Tuesday, 26 November, 2019
    Market Forces
    The golden light of a new dawn Premium

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

  • Friday, 22 November, 2019
    Market Forces
    Equity rotations and the value of industrials Premium

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

  • Friday, 22 November, 2019
    The Long ViewMarkets
    Investment outlooks hinge on conflicting signals

    Fund managers must cut through clashing noises from different markets

  • Thursday, 21 November, 2019
    Market Forces
    Equities endure a repetitive trade cycle Premium

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

  • Wednesday, 20 November, 2019
    Market Forces
    Trade ripples disturb the equity waters Premium

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

  • Tuesday, 19 November, 2019
    Market Forces
    Asset prices stretch the bands of resistance Premium

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

  • Monday, 18 November, 2019
    Market Forces
    Resilient dollar must crack for risk appetite Premium

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

  • Friday, 15 November, 2019
    Market Forces
    The short game matters for trade and equities Premium

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

  • Friday, 15 November, 2019
    The Long ViewMarkets
    Fiscal rethink poses risk to market foundations

    Calls for spending splurge could seriously disrupt equity valuations

  • Thursday, 14 November, 2019
    Market Forces
    Wax on, wax off for bonds and equities Premium

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

  • Wednesday, 13 November, 2019
    Market Forces
    Risk appetite requires tariff rollbacks Premium

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

  • Tuesday, 12 November, 2019
    Market Forces
    Equity buyers are rushing for their share of cake Premium

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

  • Monday, 11 November, 2019
    Market Forces
    Trade optimism awaits a Big test Premium

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

  • Friday, 8 November, 2019
    The Long ViewMarkets
    Investors need to sift the signals from the noise

    A changed mood in financial markets is clearly apparent. But is the switch justified?

  • Friday, 8 November, 2019
    Market Forces
    The pendulum swing for bonds Premium

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

Previous You are on page 1 Next

Useful links

Support

View Site Tips Help Centre About Us Accessibility myFT Tour Careers

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 MBA Rankings
Enterprise Tools 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
    • Moral Money
  • 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
    • Business Travel
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • How to Spend It
  • Special Reports
  • FT recommends
  • Lex
  • Alphaville
  • EM Squared
  • Lunch with the FT
  • FT Globetrotter
  • Tech Scroll Asia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In