<Click on graphic for larger image> Bloomberg.com – Wall Street’s Hottest Investment Idea May Be Getting Too Hot Factor-based ETFs see assets balloon past $500 billion Despite popularity, factors reasonably priced, says Asness Internet stocks, the Nifty Fifty, Crocs — Wall Street’s littered with examples of what can go wrong when market fads run amok.… Continue reading Smart Beta
The Financial Times – Final call for the research analyst? Under pressure to cut costs and meet new rules, banks and brokerages are shedding jobs David Ader was standing in the middle of the North Platte river in Wyoming, trying to land a rainbow trout that had gobbled his hook, when his phone rang with… Continue reading The Future Of Research Analysts
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Comment On February 9, 2017 at 9 AM CT (10 AM ET, 7 AM PT and 15:00 GMT) Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Join us Thursday as we discuss the reflation trade and why we think it will be more parts inflation… Continue reading The Reflation Trade – Real Growth or Inflation
Bloomberg – Goldman Sachs Says Trump Rally Has Been Curbed Recommends clients stay long U.S. break-even inflation Amid this backdrop, Himmelberg’s doubling down on one of Goldman’s top trades: U.S. 10-year break-even inflation rate — which is derived from the spread between the yield on Treasuries and their inflation-protected brethren — to 2.3 percent. It’s at… Continue reading Rush Into Short-end Inflation Protection Overdue for Correction
The Wall Street Journal – Fed’s Harker Says a March Interest Rate Increase Is ‘on the Table’ Philadelphia Fed president reiterates he supports the central bank lifting rates around three times in 2017 Mr. Harker said he was relatively upbeat. He said January hiring data released Friday was “very good,” and this strength should eventually push… Continue reading Markets and FOMC Still Not Agreeing on Pace of Hikes
<Click on chart for larger image> MarketWatch.com – Is Frexit next? Why France is starting to really freak out investors First there were “Grexit” fears, then the “Brexit” shock and now investors have started to brace for “Frexit”. The latest of the exit scenarios to spook financial markets, the risk of France leaving the eurozone has… Continue reading French/German 10-Year Treasury Yield Spread Spikes … Is Frexit Next?
<Click on graphic for larger image> Bloomberg – China Reserves Edge Below $3 Trillion as Yuan Pressure Increases Policy makers have been tightening channels for outflows Further erosion of the world’s largest stockpile may prompt policy makers again to tighten measures for controlling outflows and on companies transferring money to other countries. Authorities recently rolled out… Continue reading Using Bitcoin To Estimate Capital Flows
Bloomberg – Trump’s $1 Trillion Plan May Buy Less Metal Than You Think Infrastructure spending ‘a drop in ocean’ of demand amid glut U.S. projects probably will take years to pick, design, buildThat’s the amount the new U.S. president pledged to expand and rebuild American infrastructure like roads and airports over the next decade. While Trump… Continue reading Flows Shifting from Industrial to Precious Metals
<Click on chart for larger image> CNBC – We’re going to have a dollar collapse like the 1980s, strategist says .. Last week, the dollar slipped from its 14-year highs of 103.82 to 99.233. Marsh is predicting the dollar will regain ground in the near-term, which in turn will do “real harm” to those President Trump… Continue reading A Look At The Dollar
<Click on graphic for larger image> The Financial Times – Eurozone economy quietly outshines the US Positive data highlight strength of bloc despite depiction as underperformer The eurozone economy has now posted 14 consecutive quarters of growth, the unemployment rate has returned into single digits, and economic sentiment has reached its highest level in six… Continue reading Eurozone Growth Expectations
<Click on chart for larger image> The Financial Times – Passive investing continues march into US bond market Exchange traded funds and index-trackers control over a fifth of fixed-income market The US bond market is succumbing to the advances of passive investing, with exchange traded funds and index-trackers now controlling more than a fifth of the… Continue reading Bond ETFs Continue To Gain Popularity