Search

Newsclips

Saudi Arabia To Cut U.S. Oil Exports

June 13, 2017

Bloomberg Business – Oil Slips as Increase in OPEC Supply Offsets Projected U.S. Drop Nationwide inventories forecast to drop 2.25 million barrels Oil has traded below $50 a barrel amid speculation increased U.S. supplies will counter production curbs by the Organization of Petroleum Exporting Countries and allies including non-OPEC member Russia. American drillers targeting crude added… Continue reading Saudi Arabia To Cut U.S. Oil Exports

Newsclips

The French Election

June 13, 2017

The Financial Times – Bond markets signal an end to French political risk The gap between German and French bond yields has closed up as investor concern about Gallic political risk recedes. The spread between German and French 10-year bond yields fell to 34 basis points today, after Sunday’s French Assembly elections saw Emmanuel Macron’s party… Continue reading The French Election

---

Newsclips

The Markets Remain Calm As Fed Looks To Reduce Balance Sheet

June 13, 2017

The New York Times – Markets Unfazed as Federal Reserve Nears Plan to Shed Bonds The Federal Reserve, which holds more bonds than any other investor, is planning how to shed some of them starting this year. And no one is too worried about it. The Fed is expected to announce in the near future… Continue reading The Markets Remain Calm As Fed Looks To Reduce Balance Sheet

Newsclips

June Rate Hike A Virtual Certainty

June 13, 2017

  Bloomberg View – Tim Duy: Fed Should Hold Fast in Face of Looser Financial Conditions Policy makers will resist pulling back on rate projections if they can justify holding their inflation forecast and unemployment remains poised to decline. The bottom line is that the Fed will resist pulling back on rate projections if they… Continue reading June Rate Hike A Virtual Certainty

---

Newsclips

Illinois Muni Spreads Showing Cause For Concern

June 13, 2017

  Zero Hedge – Illinois Bond Spreads Explode As Market Pukes On Latest Batch Of Bad News And while the recent blow out in spreads has been nothing short of stunning for the otherwise sleepy muni market, a far bigger problem awaits both Illinois, which faces substantially higher borrowing costs, and bondholders, whose principal losses are… Continue reading Illinois Muni Spreads Showing Cause For Concern

Newsclips

The Chinese Yield Curve Inverts

June 13, 2017

The Wall Street Journal – China’s Bond Yields Throw Another Curve as Inversion Deteriorates Yield on 10-year bonds falls to 3.55%, well below the yield on one-year debt A stubborn anomaly in China’s $1.7 trillion government-bond market has worsened, as an odd combination of tight funding conditions and economic pessimism pushed long-dated yields well below returns… Continue reading The Chinese Yield Curve Inverts

---

Newsclips

More On Hedge Funds’ Struggles

June 13, 2017

DealB%k (NYT Blog) – Viking Hedge Fund to Return $8 Billion to Investors Viking Global Investors, one of the larger hedge funds, is losing a top money manager and getting smaller in the process. The hedge fund, led by O. Andreas Halvorsen, a protégé of the famed hedge fund manager Julian Robertson, notified investors on… Continue reading More On Hedge Funds’ Struggles

Newsclips

FAANMG Working In Reverse

June 13, 2017

  Bloomberg.com – Just Five Stocks Account for Nearly 75% of the Nasdaq’s Plunge Apple, Microsoft and Google top the list of biggest losers Nasdaq Composite Index has lost more than 2% since June 7 When it comes to the ongoing technology beat-down in the stock market, it appears not all shares are created equal. Indeed,… Continue reading FAANMG Working In Reverse

---

Newsclips

Trump And Yellen

June 13, 2017

The Wall Street Journal – Beneath the Uneasy Peace Between Donald Trump and Janet Yellen The president’s relationship with the Federal Reserve has so far been cordial, but that doesn’t mean Chairwoman Janet Yellen is likely to stay on Donald Trump’s fierce criticisms of the Federal Reserve in the final weeks of the 2016 election campaign… Continue reading Trump And Yellen

Newsclips

Rewriting Dodd/Frank

June 13, 2017

The Wall Street Journal – Trump Team Proposes Broad Rethink of Financial Rulebook Report by Treasury Department outlines scores of recommendations on the banking industry’s wish list The Trump administration proposed a wide-ranging rethink of the rules governing the U.S. financial sector in a report that makes scores of recommendations that have been on the banking… Continue reading Rewriting Dodd/Frank

---

Newsclips

Here Come The Robots

June 13, 2017

Bloomberg.com – The Limits of Artificial Intelligence Companies are too reluctant to talk about the limits of AI. Talking about artificial intelligence is in season for Europe’s corporate executives. Just don’t mention its shortcomings. The C-suite is eager to tout its abilities in riding the 21st-century wave of automation by using sophisticated machine learning or shop-floor robots.… Continue reading Here Come The Robots

Newsclips

Putin Takes An Interest In Ethereum

June 13, 2017

Bloomberg.com – Vladimir Putin Is Getting Interested in Bitcoin’s Biggest Rival Russian president met with founder of cryptocurrency Ethereum Country may use Ethereum to create national virtual currency Ethereum, the world’s largest cryptocurrency after bitcoin, has caught the attention of Vladimir Putin as a potential tool to help Russia diversify its economy beyond oil and gas.… Continue reading Putin Takes An Interest In Ethereum