Bloomberg Quint – Do Fund Flows Allow You To Take Elevated Risks? The common refrain we hear from most market participants is that liquidity will continue to drive risk assets higher and that there is a safety net for the market. I had written a small piece on this some time back, about the kind of… Continue reading Fund Flows And Risk
Bloomberg Business – Amazon Has at Least One Fed Official Rethinking Inflation Chicago Fed president ponders technology-induced disinflation When online retail giant Amazon.com Inc. announced last Friday that it would purchase Whole Foods Market Inc., a plunge in retail and grocery stocks reinforced the disinflationary tone set by three straight months of disappointing data on consumer… Continue reading Charles Evans: Big Mergers Could Exert Downward Pressure On Inflation
Bloomberg Gadfly – Liam Denning: Time for Shale’s Loners to Settle Down U.S. shale has been a hot zone for M&A. There were 32 E&P deals worth $36.6 billion in the first quarter, according to a survey by PwC. Almost four-fifths of that deal volume related to the Marcellus, Utica, Eagle Ford and, especially, Permian shale… Continue reading M&A In U.S. Shale
Bloomberg Business – Bull Market in Tech Stock Acronyms Reaches Perplexing Heights ICYMI, a small number of IT companies have played a big role in pushing U.S. stocks to ATHs. And Wall Street is responding with a bull market in acronyms. This craze started with FANG — Facebook, Amazon, Netflix, and Google — the core four… Continue reading Tech Stock Acronyms Get Confusing
Illinois Comptroller – Susana A. Mendoz: Press Release Accordingly, I must communicate to you at this time the full extent of our dire fiscal straits and the potential disruptions that we face in addressing even our most critical core responsibilities going forward into the new fiscal year. My Office has very serious concerns that, in… Continue reading Illinois Comptroller: Illinois Can’t Pay Its Bills
CNBC – Goldman Sachs CEO Lloyd Blankfein: ‘Things are pretty good’ with the economy Although many investors are still uneasy about the state of the global economy, Goldman Sachs Chairman and CEO Lloyd Blankfein says things actually seem to be looking up. “I’d say things are pretty good,” Blankfein told “Mad Money” host Jim Cramer… Continue reading Lloyd Blankfein Thinks The Economy Is “Pretty Good”
The Wall Street Journal – Forget Trump-Generated Volatility. The World is Awash in Calm “A very supportive Trump trade is gone,” said Dwyfor Evans, head of macro-strategy for Asia Pacific at State Street Global Markets in Hong Kong. “Nobody talks about it anymore. Instead, people are getting concerned that this has been a very extended period… Continue reading Low Volatility Throughout The World
Comment On June 22, 2017 at 9 AM CT (10 AM ET, 7 AM PT and 15:00 BST) Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Many yield curves across the globe are at their tightest level since 2007. Join us Thursday as we discuss… Continue reading Webcast Thursday – Understanding The Yield Curve And How It Drives Growth
Bloomberg – Funds With $14 Trillion Have More Room for Emerging Bonds Return to peak seen freeing $350 billion of cash on sidelines For an idea of how much further the bull run in emerging-market bonds can go, take a look at where the world’s biggest money managers are invested. Global bond funds overseeing $13.7 trillion have… Continue reading Assets in Emerging Market Debt ETFs Now Double 2013 Peak
Bloomberg – Shale’s Record Fracklog Could Force Crude Prices Even Lower Highest number of drilled-but-uncompleted wells in three years Burst of new production could result in second half of 2017 There were 5,946 drilled-but-uncompleted wells in the nation’s oilfields at the end of May, the most in at least three years, according to estimates by the… Continue reading Quick-Start Production in U.S. Shale Regions
The Financial Times – Fund managers cut speculative bets on crude oil Little sign falling prices are hurting equity market sentiment Traders are waiting for evidence that the latest fall in oil prices is once again dissuading explorers from breaking ground. Around the time that oil prices fell to less than $30 in February 2016,… Continue reading Still Too Much Crude Oil Bullishness?