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China’s Stock Market Volatility

January 18, 2017

Bloomberg Markets – China Stock Volatility Wanes Amid Speculated State Intervention Volatility in Chinese shares waned amid speculated state efforts to ensure market stability during President Xi Jinping’s appearance at the World Economic Forum in Davos. The Shanghai Composite Index added 0.1 percent at the close, with 10-day volatility at the lowest level since September. State-owned investors… Continue reading China’s Stock Market Volatility

Newsclips

A Look At The History Of Ultra-Long Bonds

January 18, 2017

The Financial Times – Alexandra Scaggs: A short history of long bonds Americans don’t necessarily need to look abroad to find examples of ultra-long government bond issuance. The potential for a (currently nonexistent) US century bond has been discussed more as investors prepare for Treasury Department turnover, since there are plenty of examples of ultra-long issuance… Continue reading A Look At The History Of Ultra-Long Bonds

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Newsclips

Cartoons

January 18, 2017

Charts of the Week

Themes To Watch In 2017

January 17, 2017

  Themes To Watch In 2017 A transcript of the January 12, 2017 conference call. Handout   Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/011217.mp3|titles=Conference Call ]     [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=343″]

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Newsclips

Oil: Too Much Bullishness And Too Much Production?

January 17, 2017

Bloomberg.com – As OPEC Acts on New Year’s Resolution, U.S. Shale Pumps Away Producers increase bearish bets on WTI to highest since 2007 Saudis cut oil output, while U.S. shale production on the rise U.S. shale is getting in the way of a New Year’s resolution by OPEC to cut production and boost the market.… Continue reading Oil: Too Much Bullishness And Too Much Production?

Newsclips

An Earnings Update

January 17, 2017

<Click on chart for larger image> <Click on chart for larger image> Factset – Earnings Insight for January 13, 2017 • Earnings Growth: For Q4 2016, the blended earnings growth rate for the S&P 500 is 3.2%. If the index reports earnings growth for Q4, it will mark the first time the index has seen… Continue reading An Earnings Update

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Newsclips

Equities Have Never Been This Calm During Declining Real Yields

January 17, 2017

<Click on chart for larger image> The Wall Street Journal – ‘Real Rates’ Show Real Concerns Over Trump Economic Rebound So-called real yields, which subtract inflation readings from the 10-year U.S. Treasury note’s yield, have dropped to a recent 0.38% from 0.74% at their mid-December postelection peak. Real yields tend to rise with a strengthening economy,… Continue reading Equities Have Never Been This Calm During Declining Real Yields

Newsclips

The Falling Pound

January 17, 2017

<Click on chart for larger image> The Wall Street Journal – Pound Drops to 31-Year Low Against Dollar Theresa May expected to say in speech that U.K. is seeking a clean break from European Union The pound settled at a 31-year low against the dollar Monday as investors fretted over the likelihood of Britain pulling out… Continue reading The Falling Pound

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Newsclips

Copper Rush

January 17, 2017

<Click on graphic for larger image> The Wall Street Journal – Weak Yuan Sends Chinese Investors Into Copper Copper, U.S. dollar move nearly in lockstep as Chinese buy the metal as a shield against weakening yuan Copper joins a growing list of assets that the Chinese have been buying to shield themselves from further declines… Continue reading Copper Rush

Newsclips

Will The Fed Hike Three Times In 2017?

January 17, 2017

<Click on graphic for larger image> Bloomberg.com – Komal Sri-Kumar: Be Skeptical of the Fed’s Rate Signals At its last policy meeting, in December, the Federal Reserve decided to increase the federal funds rate by 25 basis points. It also indicated that it expected to increase interest rates three times in 2017, as Chair Janet Yellen… Continue reading Will The Fed Hike Three Times In 2017?

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Newsclips

How To Fix Capital Markets

January 17, 2017

The Financial Times – Larry Fink calls for Europe to bolster its capital markets ‘Excessive reliance’ on banks and insurers to fund growth hobbling region’s economy Larry Fink has urged Europe to bolster its capital markets, warning that its “excessive reliance” on banks and insurers to fund growth was hobbling the economy and fuelling “frustration”… Continue reading How To Fix Capital Markets

Newsclips

Does Davos Matter Anymore?

January 17, 2017

DealB%k (NYT Blog) – Andrew Ross Sorkin: What to Make of the ‘Davos Class’ in the Trump Era So why do so many policy makers and executives still covet an invitation? Because Davos remains the world’s one-stop shop to meet leaders from all corners of the globe. And despite the critiques of the gathering, a… Continue reading Does Davos Matter Anymore?