<Click on chart for larger image> The Economist – Bonfire of the rule books: American bankers look forward to a bonfire of financial rules The presidential election may signal big changes to the way is finance is regulated BEFORE the presidential election, Wall Street dreaded Donald Trump as a dangerous, unpredictable and disruptive, if improbable,… Continue reading Bank Stocks
Barron’s – The Trump Rally Has Legs Bullishness begets bullishness: Investors bet on lower taxes, economic growth. The end of inversions? And, good news for retailers. The stock market is up more than 3% just in the days since the surprise election of Republican Donald J. Trump. Many bulls are making comparisons to Ronald Reagan’s… Continue reading The Reflation Trade
Reuters – U.S. crowds pick up slightly on Black Friday, online sales jump U.S. online sales surged on Black Friday, with Amazon.com Inc offering the steepest discounts among e-commerce sites as it set the agenda for what has traditionally been the biggest shopping day of the year for brick-and-mortar retailers. In-store shopping began to pick… Continue reading Black Friday Sales
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Charts of the Week Topics Covered This Week Include: December Hike A Certainty Treasury Bond Fund Flows Bond Market Sentiment The Bond Rout Pain In Bonds The Euro An Earnings Update A Revenue Update Company Guidance Rising European Inflation Expectations China’s Holdings Of U.S. Treasuries Falls A Look At The Euro As A Global Currency… Continue reading Charts of the Week
<Click on graphic for larger image> MarketWatch.com – Mark Hulbert: Trump bump for stocks could end with market in the dumps Post-election rally pushes U.S. stocks to even more unrealistic valuations Trump could very well celebrate these lofty valuations as a big vote of confidence — big, really big — from the investment community. But there’s… Continue reading Trump And Stocks
<Click on chart for larger image> The Wall Street Journal – Burton G. Malkiel: Is Indexing Worse Than Marxism? The critique that passive investing is worse than a centrally planned economy doesn’t hold up to scrutiny. In August one of the most respected research-investment firms on Wall Street, Sanford C. Bernstein & Co., published a… Continue reading More On The Indexation Debate
Bloomberg.com – Big Data Is a Big Mess for Hedge Funds Hunting Trade Signals Citadel, Winton Capital move to exploit new data sources Humans created huge amount of ‘low-grade data,’ says one quant It was big data’s big moment. The most unfathomable U.S. presidential race in memory gave Predata, a startup firm backed by hedge… Continue reading Garbage In, Garbage Out
<Click on chart for larger image> Bloomberg Business – Goldman: Hedge Funds Are Poised to Get Beaten for the Eighth Year Straight Those looking to explain what’s set to be another bad year for hedge funds could do worse than blame their passion for tech stocks. The funds have averaged a 4 percent gain year-to-date, but that pales next to a… Continue reading Hedge Funds Unlikely To Beat The S&P 500 For the 8th Straight Year
<Click on graphic to view video> Comment Jim Bianco was on Bloomberg yesterday morning discussing the Fed. To view the interview, click on the image above. To view any of our recent interviews, click here. Business Insider – The market thinks there is a 100.2% chance the Federal Reserve hikes in December The CME Group’s options-based… Continue reading Talking Fed Policy
Comment Jim Bianco was on The Financial Sense Newshour earlier this week discussing currencies and a potential trade war. To listen to the interview click on the image above. Financial Sense – Jim Bianco: Currency Markets Repricing for Potential Trade War Jim Bianco, President of Bianco Research, explains the post-Trump “reflation trade,” what’s happening in… Continue reading Talking Currencies
<Click on graphic for larger image> The Wall Street Journal – Wall Street Is Betting $2.1 Trillion That U.S. Rates Will Rise Investors believe a Trump presidency will mean higher growth, higher inflation and higher interest rates Wall Street has never been so sure that interest rates are about to rise. Investor bets on rising U.S.… Continue reading The Trump Trade