The Financial Times – The big data scramble in markets still relies on people An explosion of economic data is exciting investors but still needs interpretation Trading on inside information these days tends to result in jail time. But the Big Data revolution, combined with the application of machine learning technologies and supercomputing powers, is… Continue reading The Era Of Big Data
The Wall Street Journal – Fed May Take Legal Action Against ‘London Whale’ Former J.P. Morgan trader Bruno Iksil could face a permanent ban from working in finance The Federal Reserve is considering legal action against Bruno Iksil, the trader at the center of the “London whale” trading debacle, according to a person familiar with the matter.… Continue reading The London Whale Is Back!
Will Inflation Return? A transcript of the March 2, 2017 conference call. Handout Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/0030217.mp3|titles=Conference Call ] Webcast
Comment Jim Bianco was on CNBC last week discussing the upcoming FOMC meeting, detailing how the Fed is finally dictating policy to the market. To view the interview, click on the image above. To view any of our recent interviews, click here. The Financial Times – ‘Locked, loaded and ready’: Fed rise probability approaches… Continue reading A Look At The Upcoming FOMC Meeting
Comment Late Friday the Fed offered examples of the fan charts it plans on releasing at the March 15 FOMC meeting. They will also release a traditional dot chart. We are struggling to see how these fan charts improve the Fed’s communication. Rather, the Fed’s message only seems to become more vague with such a… Continue reading The Fed Offers A Preview Of Its New Fan Charts
Fact Set – Earning Insight For March 3, 2017 • Earnings Scorecard: As of today (with 98% of the companies in the S&P 500 reporting actual results for Q4 2016), 65% of S&P 500 companies have beat the mean EPS estimate and 53% of S&P 500 companies have beat the mean sales estimate. • Earnings… Continue reading An Earnings Update
CBS News – 60 Minutes: France’s Marine Le Pen says she’s not waging a religious war “Everyone has the right to practice their religion, to worship as they choose,” the French presidential candidate says. “My war is against Islamic fundamentalism.” We begin tonight with a story about a populist politician who rails against free trade,… Continue reading The French Elections
Bloomberg.com – Rutte Warns of Dutch Chaos If Populist Wilders Wins Election Netherlands goes to polls in national election on March 15 Prime Minister Rutte close in the polls with Geert Wilders Dutch Prime Minister Mark Rutte sounded the alarm over the prospect of Geert Wilders placing first in this month’s election, warning of the economic… Continue reading Dutch Election Tightening … Rethinking Populism?
Barron’s – It Should’ve Been A Good Month for Fund Managers Stocks continued to set new highs, but active managers generally missed out. Managers across size and style lagged their benchmarks last month, with the exception of mid-cap growth fund managers, according to a recent BofA report. Large-cap funds suffered the most — only 35% beat… Continue reading Stocks Are No Longer Correlated To One Another
The Wall Street Journal – Bullish Commodity Bets Hit Record Highs, as Investors Seize on Signs of Growth Rising interest in commodities reflects a sharp turnaround from a year ago Commodity prices are enjoying their best run in years, fresh evidence that investors are betting on a pickup in the global economy after years of sluggish… Continue reading Betting On Commodities
Bloomberg.com – China Conveys Stability on Yuan Despite Hawkish Fed If China is worried about the freshly hawkish Federal Reserve rocking the yuan, it isn’t showing – yet. Leaders of the world’s second-largest economy conveyed a message of stability as the National People’s Congress began Sunday in Beijing. Central bank deputies Pan Gongsheng and Yi… Continue reading Chinese Officials Offer Differing Accounts Of The Yuan