Bloomberg.com – S&P, Moody’s Downgrade Illinois to Near Junk, Lowest Ever for a U.S. State No end to budget impasse sends state to brink of junk rating State appropriations debt cut to below investment grade Illinois had its bond rating downgraded to one step above junk by Moody’s Investors Service and S&P Global Ratings, the lowest… Continue reading Illinois Becomes The Lowest Rated U.S. State Ever
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Handout, mp3 replay and webcast replay for our conference call titled Low Volatility & Concentrated Returns on June 1, 2017. A transcript of the Q&A from this conference call can be found here. The handout can be found here (starts with the second post). Mp3 replay can be heard below: Your browser does not support the audio… Continue reading Low Volatility & Concentrated Returns
Comment On June 1, 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. Join us Thursday as Jim Bianco leads a discussion with Ben Breitholtz and Peter Forbes about concentrated returns in… Continue reading Low Volatility & Concentrated Returns
Bloomberg Briefs – Trouble Brews for OPEC as Deep-Sea Oil Turns Cheap Pumping crude from seabeds thousands of feet below water is turning cheaper as producers streamline operations and prioritize drilling in core wells, according to Wood Mackenzie. That means oil at $50 a barrel could sustain some of these projects by next year, down… Continue reading Production Outside OPEC’s Grasp is Growing
Bloomberg – Emerging-Market Bulls Are Cooling Off After Impressive Rally Credit Suisse Group AG forecasts developing-nation equities will underperform in the short term, while Deutsche Bank Wealth Management said it’s not as positive on emerging-market bonds as a year ago. Goldman Sachs Group Inc. said strong returns have partially eroded a previously compelling valuation signal,… Continue reading Emerging Markets Cooling a Little
Bloomberg – Wall Street Traders Crave Action. April and May Didn’t Deliver Many crises could’ve erupted in the world during the second quarter, and then didn’t. That’s not necessarily good for Wall Street banks. Top executives at JPMorgan Chase & Co., Bank of America Corp. and Goldman Sachs Group Inc. are lamenting that there’s too… Continue reading Where’s The Volatility?
The Wall Street Journal – China’s Debt Problem Moves Back to the Future The Chinese bond market is dead. Long live China’s shadow banks. Beijing’s full-frontal assault on financial market leverage this spring has driven bond yields skyward, but hasn’t sparked the systemic credit crunch that many feared. That doesn’t mean the risks have disappeared:… Continue reading A Shift In China’s Lending Industry
Bloomberg – Mohamed El-Erian: The Fed and Conflicting Signals in the Jobs Report It is not easy to bring in a plane for a soft landing when your instrument panel is giving you conflicting signals and you are running out of fuel. This is the challenge facing not just the Federal Reserve, but also a… Continue reading The Labor Market’s Mixed Signals
The idea that a few key stocks are driving the overall market right now is nothing new. In the analysis below, we will attempt to quantify just how concentrated the market is in many of the top tech stocks. In particular, we will refer to FAANMG: FAANMG = Facebook, Apple, Amazon, Netflix, Microsoft, and Google… Continue reading Why Are Six Stocks Leading This Rally?
July 1997 Wired Magazine (July 1997) The Long Boom: A History of the Future, 1980 – 2020 We’re facing 25 years of prosperity, freedom, and a better environment for the whole world. You got a problem with that? By about 2005, high-bandwidth connections that can easily move video have become common in developed countries, and videophones… Continue reading The Long Boom
Barron’s – (May 30, 2017) Ford Races Toward an Exciting Future New CEO Jim Hackett looks like an inspired choice to rev up Ford’s self-driving car efforts and lift its stock Investors seem divided on whether the appointment of Jim Hackett as chief executive of Ford Motor this past week was an act of panic or… Continue reading Why The Tech Boom Now?