The Wall Street Journal – U.S. Economy Grew 2.9% in Third Quarter U.S. economic growth accelerated last quarter, easing fears of a near-term slowdown but doing little to change the trajectory of a long but weak expansion. Gross domestic product, a broad measure of goods and services produced across the economy, expanded at an inflation-… Continue reading Market Capitalization As A Percentage Of GDP
<Click on chart for larger image> The Wall Street Journal – SEC Probes Whether Companies Are Misusing Adjusted Earnings Metrics SEC’s inquiries focusing on if companies use adjusted earnings too prominently The Securities and Exchange Commission’s enforcement division has informed some companies in recent weeks that it is examining their use of adjusted earnings measures, according… Continue reading Operating vs Reported Earnings
<Click on chart for larger image> CNN/Money – Trump v. Clinton: Stocks can predict the winner Forget the polls. Wall Street has another way to predict whether Donald Trump or Hillary Clinton will be the next president of the United States. Keep an eye on the stock market from August 1 through October 31. If stocks… Continue reading Are Stocks Pointing Toward A Trump Victory?
<Click on graphic for larger image> Bloomberg Business – Doubleline’s ETF Toll DoubleLine’s $3 billion debt exchange-traded fund has stood out since it was started last year. The SPDR DoubleLine Total Return Tactical ETF hasn’t had a day of withdrawals. It has grown at an incredible pace even in the world of bond ETFs, which have… Continue reading Paying A Premium For ETFs Trading Illiquid Instruments
<Click on chart for larger image> The Wall Street Journal – Investors Pile Into TIPS as Inflation Looms Investors who have craved for inflation seem close to getting some, and they are preparing The inflation trade is back on Wall Street. With signs of rising prices around the globe, investors who for long craved inflation… Continue reading Is Inflation Looming?
<Click on graphic for larger image> Bloomberg.com – German Bonds in Worst Month Since 2013 Amid Global Selloff Bund yield rises to highest since May as traders reassess QE Data show inflation in German states quickened in October German bonds headed for their worst month since 2013 as a global selloff deepened amid speculation major central… Continue reading Struggling Bunds
Bloomberg.com – These Are the Charts That Scare Wall Street Charts that go bump in the night. <Click on graphic for larger image> “With profit growth contracting over the last year, business cash flow concerns have increased,” says Dutta. “This is largely the result of weak global growth, a strong U.S. dollar, and falling commodity… Continue reading Scary Charts
<Click on graphic for larger image> Bloomberg Business – Goldman’s Multifactor Robots: A Post-Human Investing Guide ETFs combining multiple investment themes are next big thing For its next act, the $3.5 trillion ETF industry wants to sell you the steady income of a dividend, the upside of a small cap and the good night’s sleep of… Continue reading Robot ETFs
The Wall Street Journal – Venezuela’s Government Planning to Issue Higher-Denomination Bills New coins and notes will go up to 20,000 bolivars Venezuela’s government, faced with looming hyperinflation, is planning to issue new bills in December with larger denominations—up to 200 times higher than the current biggest bill, according to people familiar with the plans.… Continue reading Hyperinflation
<Click on graphic for larger image> AQA – Ben Breitholtz: Inflation and TIPS Heating Up in the Media The “TIPS, RISING, AND RISK” news count reached 2+ standard deviations from its 500-day average in late September. Reviewing past instances above 2 standard deviations shows TIPS breakevens narrow 84% of the time 90 days later. Will… Continue reading Everyone’s Talking About Inflation
Crain’s Chicago Business – Zell not bullish on economy, real estate market If you want an optimistic take on the U.S. and world economies, don’t look to Sam Zell. Speaking at an investment conference today, the billionaire Chicago investor suggested a recession may be on the horizon, decried the demographics of aging Europe and made… Continue reading Sam Zell Speaks
The New York Times – ROGER LOWENSTEIN: The Problem With Elizabeth Warren Remember Tom Lehrer’s quip after Robert F. Kennedy moved to New York and won election to the United States Senate — that Massachusetts was special because it was “the only state with three senators”? Well, nowadays Massachusetts might be the only state with a… Continue reading Is Elizabeth Warren Dangerous?