<Click on graphic for larger image> The Financial Times – Dutch election threatens to deepen market turmoil Swing to the right could follow anti-establishment path set by Brexit and Trump On March 15, Dutch voters will decide whether to follow the anti-establishment path set by the UK and US and elect Geert Wilders, leader of… Continue reading Dutch Elections Are The Next Populist Measuring Point
<Click on graphic for larger image> Barron’s – Stocks Could Post Limited Gains in 2017 as Yields Rise Rising bond yields, rich valuations, and global turmoil could limit the market’s gains, our experts say. This could be the year the movie runs backward: Inflation awakens. Bond yields reboot. Stocks stumble. Active management rules. And we haven’t… Continue reading A Consensus About 2017?
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Comment Yesterday we hosted our conference call titled Themes To Watch In 2017. We discussed Chinese capital flows, the financial markets, the economy’s reflation story and the extreme bet being placed on interest rates. The mp3 replay and handout are below. 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″] The Economist – Inflation is on the way… Continue reading Themes To Watch In 2017
<Click on graphic for larger image> Bloomberg.com – Extreme Bets on Higher Yields Inflict a New Kind of Pain Trade In the rush to price in firming economic data and the seemingly inflationary policies of President-elect Donald Trump, bond bears might have gotten ahead of themselves. That’s how analysts are reading the most recent report of trader… Continue reading A Massive Short In Bonds
Bloomberg.com – Scott Minerd: 3% Yield Is the Beginning of the End Guggenheim Partners Global CIO Scott Minerd discusses the bond markets. He speaks on “What’d You Miss?” Wells Fargo Asset Management – James W. Paulsen, Ph.D: Rising Yields and a Rising Stock Market? The 10-year bond yield has risen by about 1% in the… Continue reading What Happens When Bond Yields Trade Up?
<Click on graphic for larger image> The Financial Times – Global oil flow trackers set to keep Opec honest Attention has shifted to whether cartel will deliver promised cuts After the excitement around Opec agreeing oil supply cuts with Russia and other non-members at the end of last year, attention in 2017 has quickly shifted to… Continue reading The Next Move In Oil
The Wall Street Journal – Forecasters See Upside Risks to Their Economic Outlooks at Highest in More Than Two Years In the most recent survey, 64% of respondents said the risk was to the upside, the highest in over two years, and a reversal from the mood of recent years, which was focused on potential risks… Continue reading Declining Term Premium Signalling a Tempering in Growth Forecasts?
The Wall Street Journal – The Market Has Already Started to Dump Trump Markets responded to Donald Trump’s rambling news conference on Wednesday by dumping Trump. The dollar and pharmaceutical and biotechnology stocks were sold, bonds were bought and stocks once regarded as out of favor with the president-elect outperformed. This could be taken as a… Continue reading Trump Flows Fading
Reuters – Germany’s Schaeuble urges ECB to start unwinding stimulus this year The European Central Bank should start unwinding its ultra-loose monetary policy this year, German Finance Minister Wolfgang Schaeuble said in an interview to be published on Friday, adding that a reversal of policy would be a tough challenge.”The European Central Bank will have the… Continue reading Discussion of Stimulus Declining, Equity Markets Not Yet Bothered
The New York Times – Goldman Sachs Completes Return From Wilderness to the White House “Government Sachs” is back. After eight years in the political wilderness, its name synonymous with the supposedly undue and self-serving influence in Washington that brought us the financial crisis and the Wall Street bailout, Goldman Sachs is again making its presence… Continue reading Government Sachs Is Back
<Click on graphic for larger image> The Economist – Squeezed to life: China’s currency upsets forecasts by beginning the new year stronger A liquidity squeeze thwarts investors hoping to profit from a falling yuan THE omens for the Chinese yuan seemed bad heading into 2017. The capital account looked as porous as ever, making a… Continue reading The Yuan Gets Squeezed