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November 17, 2016
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Charts of the Week Topics Covered This Week Include: Corporate Bond ETF Outflows Corporate Bond ETF Outflows – 2 The Bond Rout Rising Bond Yields A Look At Bond Market Sentiment A New Non-Holiday Record In HY ETF Trading Corporate Bond Spreads Probability Of A December Fed Hike Now At 96% Negative Rates Are Disappearing… Continue reading Charts of the Week
<Click on graphic for larger image> Bloomberg Business – The Next Great Debate at the Fed Will Be All About the ‘Monetary Offset’ How will Yellen respond to Trump’s fiscal policy? The checks and balances imposed on President-Elect Donald Trump’s new economic agenda won’t just come from Capitol Hill, but also from the Marriner S. Eccles… Continue reading Trumpenomics And Monetary Policy
Bloomberg Business – Timothy Duy: What a Trump-Branded Federal Reserve Might Look Like An Austrian (economist) in the White House. President-elect Donald Trump has the opportunity to remake the Federal Reserve. Or does he? And if he does, what would it look like?Trump has opinions on monetary policy – and they resemble many of his… Continue reading How Trump May Change The Federal Reserve
<Click on chart for larger image> MarketWatch.com – Caroline Baum: Is the bull market in bonds really over? It would have been better for the Fed to “think about the broader context in which policy is being made” rather than create meeting-by-meeting anticipation of an isolated 25-basis-point rate hike, he says. Focusing on its 2% inflation target,… Continue reading Is The Bull Market In Bonds Over?
Linkedin.com – Ray Dalio: Reflections on the Trump Presidency, One Week after the Election Before and immediately after it was clear that Donald Trump had been elected, the markets (especially the stock market) had negative votes on the man (thinking he might be irresponsible), while after he got elected, the markets reacted to the man’s policies—so… Continue reading Ray Dalio Is Bullish On Trump, Bill Gross Is Not
Bloomberg Business – Gundlach Says Trump Presidency Will Be Bumpy Ride for Stocks Jeffrey Gundlach, co-founder of DoubleLine Capital, said the stock market is in for a “bumpy ride” as expectations are dashed that President-Elect Donald Trump can quickly spur growth. Gundlach, who first predicted the outcome of the election in January, said Trump doesn’t have a… Continue reading Gundlach Speaks
Harvard Business Review – The Scary Truth About Corporate Survival It’s one of those stats that’s constantly thrown around at conferences: 80% of the companies that existed before 1980 are no longer around—and another 17% probably won’t be here in five years. Dartmouth professor Vijay Govindarajan heard versions of this so often that he eventually began… Continue reading Corporate Longevity
Bloomberg Business – OPEC Said to Start Final Diplomatic Push on Oil-Cuts Plan OPEC nations embarked on a final diplomatic effort to secure a deal on oil cuts, with Qatar, Algeria and Venezuela leading the push to overcome the divide between the group’s biggest producers, according to a delegate familiar with the talks. The behind-the-scenes diplomacy… Continue reading More On OPEC’s Proposed Cutback
<Click on chart for larger image> Bloomberg Business – Wage Growth Is Galloping Higher at Its Fastest Pace in Nearly Eight Years Wage growth is on fire.The Atlanta Fed’s Wage Growth Tracker indicates that the median U.S. worker saw pay rise by 3.9 percent year-over-year in October, the fastest rate of growth since November 2008. This… Continue reading Wage Growth
<Click on graphic for larger image> The Wall Street Journal – Is Growth in the Gig Economy Stalling Out? New data shows the number of people earning money on sites such as Uber, Etsy and Airbnb appears to be growing more slowly “The online platform economy continues to grow, but the pace of growth has slowed… Continue reading The Gig Economy Stalls
Bloomberg Business – Hedge-Fund Love Affair Is Ending for U.S. Pensions, Endowments About five years ago, Kentucky started investing some of its public-employee pension money with hedge funds. Sure, fees were high but the funds came with the lure of high returns and could serve as a buffer if the market tanked. By early November, Kentucky… Continue reading Pensions Drop Hedge Funds