<Click on chart for larger image> The Financial Times – IEA predicts oil glut will end if producers deliver deal If Opec and non-members cut supply, market will move into deficit, agency says Demand for oil will outstrip supply in the next six months as long as Opec and countries outside the cartel can implement… Continue reading More On Crude’s Breakout
<Click on graphic for larger image> The Wall Street Journal – Anxious Mutual-Fund Industry Holds ‘Seismic Shift Senior Leadership Forum’ Rivals gathered to halt trend of clients leaving for index-tracking funds that match the market About 60 rival mutual fund executives gathered inside OppenheimerFunds’ Manhattan office tower in early November to discuss a problem many of… Continue reading Are Active Managers Starting To Panic?
Reuters.com – Fed turns to Trump agenda with rate hike nearly in the bag The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank’s growth and inflation outlook. Fed fund futures show a… Continue reading Improving The Fed’s Communication
<Click on graphic for larger image> The Financial Times – Wall Street basks in the ‘Trump effect’ as trading soars Banks report revenue increases amid record volumes after US election Trading volumes across markets have soared following the US presidential election, a boon to Wall Street investment banks as money managers prepare for a new environment… Continue reading The Trump Effect
<Click on graphic for larger image> The Wall Street Journal – The Volatility Paradox: Calm Markets but Soaring ‘Fear Gauge’ Trading Trading in volatility-linked investments set records in 2016 during a mostly calm year in markets, underscoring the popularity of exchange-traded products that didn’t exist a decade ago. Daily volume in the five most-traded exchange-traded products… Continue reading Volatility
CNBC – Economist Harry Dent predicts ‘once in a lifetime’ market crash, says Dow could plunge 17,000 points He’s a market watcher known for making bold calls spanning decades. Now, Harry Dent is arguing that the Trump rally is setting investors up for an inevitable stock market crash. Investors have embraced the prospect of President-elect… Continue reading Harry Dent Goes For Shock Value…Again
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<Click on graphic for larger image> Barron’s – Cover: Get Ready for Dow 20,000 Up 13% so far this year, the Dow is outpacing both the S&P 500 and the Nasdaq. It could continue to outperform in the year ahead. A resurgent Dow Jones Industrial Average is rapidly approaching the historic 20,000 mark, finishing Friday… Continue reading Contrarian Cover?
The New York Times – Russia and Others Join OPEC in Rare, Coordinated Push to Cut Oil Output Russia and other oil producers agreed on Saturday to join OPEC nations in a rare, coordinated reduction in oil output meant to lift petroleum prices and revenues to shore up their sagging government budgets. The agreement on… Continue reading Crude Breaking Out
Barron’s – Stockpickers’ Kingdom Why should we believe Wall Street, which once again is telling anyone who will listen that the market favors the stockpicker? Cry wolf often enough, and no one will believe you when the beast finally appears. Likewise, tell investors often enough that it’s a stockpicker’s market, only to see stockpickers struggle,… Continue reading A Stock Picker’s Market
The Wall Street Journal – Jason Zweig: Let’s Be Honest: Are You an Investor or a Speculator? With the stock market seemingly setting all-time highs every day, even as bond prices crumple, this is a crucial time to clarify the difference between investing and speculating. Unfortunately, that distinction—often credited to the great investment analyst Benjamin… Continue reading Investing vs. Speculating
<Click on graphic for larger image> Bloomberg.com – Consumer Confidence in U.S. Surges Thanks to Optimism About Trump Consumer confidence jumped more than forecast this month as Americans expressed the sunniest picture of their financial situation in 11 years, extending a boost following Donald Trump’s election victory. The University of Michigan said Friday that its… Continue reading Consumer Confidence On The Rise