Search

Newsclips

Implied Volatility on the Rebound, Calling Soft Data’s Bluff

April 17, 2017

The Financial Times – Diverging US economic data raise questions over ‘Trump bump’ Gap between hard numbers and buoyant mood of companies and consumers is widening Since his inauguration, Donald Trump has enthusiastically trumpeted surging confidence readings, as well as stock market gains, as evidence that his presidency is yielding quick dividends for the US… Continue reading Implied Volatility on the Rebound, Calling Soft Data’s Bluff

Newsclips

The Financial Horses Have Bolted

April 17, 2017

Barrons – Is it Time to Get Out of Bank Stocks? JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C) reported quarterly results yesterday and despite some evidence of earnings strength, none of the major bank stocks were rewarded. JPMorgan’s stock declined 1.17% to $84. Wells Fargo shares fell 3.33% to $51 and Citigroup’s shares… Continue reading The Financial Horses Have Bolted

---

Newsclips

Investors All Too Giddy Over Emerging Markets

April 17, 2017

The Wall Street Journal – This Is a Dangerous Time to Own Emerging Markets Some worry a recent buying spree has resulted in lofty valuations as geopolitical tensions rise A crack is forming in the emerging-market resurgence. Almost $60 billion went into assets of developing economies during the first months of 2017, helping emerging-market stocks and… Continue reading Investors All Too Giddy Over Emerging Markets

Newsclips

ETF Flows

April 17, 2017

  The Wall Street Journal – The Expensive Ingredient of Cheap ETFs The hidden costs of trading ETFs may exceed $18 billion a year, according to one expert The costs of trading are one of the worst destroyers of investment returns. That’s a fact of life in the markets, although it’s easy to overlook in… Continue reading ETF Flows

---

Newsclips

Unwinding The Fed’s Balance Sheet

April 17, 2017

  The Wall Street Journal – Fed Puts Together Plan to Unwind Securities Portfolio As central bank officials hammer out details, the size and speed of process are crucial considerations The Federal Reserve is moving quickly to fill in the details of how it will wind down its securities holdings in the years ahead, a… Continue reading Unwinding The Fed’s Balance Sheet

Newsclips

Defending The Yuan

April 17, 2017

The Wall Street Journal – China’s Trillion-Dollar Yuan Defense Puts Growth at Risk Beijing’s aggressive approach threatens to keep other important initiatives on the back burner President Xi Jinping gathered with his economic mandarins in December for their annual strategy meeting at a heavily guarded government hotel. In closed-door sessions, say people familiar with the confab,… Continue reading Defending The Yuan

---

Newsclips

10-Year Technical Analysis

April 17, 2017

Bloomberg.com – JPMorgan Is Watching for Treasury Yields to Break Out, One Way or the Other Bond bulls are on a roll, with the yield on 10-year U.S. Treasury notes declining for five consecutive weeks, the longest stretch since July. At about 2.24 percent, the benchmark is sandwiched between two resistance zones that could determine… Continue reading 10-Year Technical Analysis

Newsclips

French Populism

April 17, 2017

The Financial Times – Michael Stothard: French intellectuals lament loss of influence as populism surges National Front has given voice to much of working class once represented by the left The soul-searching of leftwing intellectuals such as Mr Foessel in part mirrors that of liberal elites across the western world, who are struggling to understand… Continue reading French Populism

---

Newsclips

Rig Count Rising

April 17, 2017

Reuters – Undaunted by oil bust, financiers pour billions into U.S. shale Investors who took a hit last year when dozens of U.S. shale producers filed for bankruptcy are already making big new bets on the industry’s resurgence. In the first quarter, private equity funds raised $19.8 billion for energy ventures – nearly three times the total… Continue reading Rig Count Rising

Newsclips

Statistical Significance

April 17, 2017

Bloomberg.com – Statistical Significance Is Overrated Ronald A. Fisher, one of the fathers of modern statistics, reportedly got on the nerves of many of his contemporaries. But if there’s a reason we should be annoyed with Fisher today, it’s for coining the misleading term “statistical significance.”  Those two words don’t necessarily mean that a finding… Continue reading Statistical Significance

---

Newsclips

Arguing Against Owning Commodities In A Portfolio

April 17, 2017

The Wall Street Journal – Commodities in Your Portfolio? It’s All Hogwash, Says Wall Street Dissenter Campbell Harvey, a finance professor at Duke, is looking to upend conventional investing wisdom again His next project is aimed at one of his favorite targets: Commodities. When a famous academic paper helped bring the asset class into the… Continue reading Arguing Against Owning Commodities In A Portfolio

Newsclips

Cartoons

April 17, 2017