Newsclips
Cartoons
October 14, 2016
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<Click on chart for larger image> CNBC – Stocks are more in sync, less connected to fundamentals As earnings season begins, indications show stocks are getting more disconnected from corporate fundamentals — the latest sign of just how much the search for returns may be distorting markets. The U.S. Federal Reserve’s low interest rate policy… Continue reading Stock Correlations
<Click on chart for larger image> Bloomberg.com – Railroads’ Earnings Turmoil Deepens as Trucks Poach Freight CSX to lead off profit reports with an estimated 17% slide Industry cargo volume declines 6.3% in second straight drop Intermodal cargo, goods hauled in containers, fell a second consecutive quarter for the first time since 2009, according to the… Continue reading Intermodel Shipments
<Click on graphic for larger image> Reuters – U.S. gasoline glut disappears as refiners tweak production: Kemp U.S. gasoline stocks remain at record levels for the time of year but once they have been adjusted for record fuel consumption by U.S. motorists do not appear excessive. The gasoline glut, which dominated discussions about the outlook… Continue reading Crude Oil’s Glut vs. Historic Norms
The Wall Street Journal – Oil Deal May Not Cut Production Since a meeting of oil producers in Algeria two weeks ago, crude prices have rebounded sharply, touching its highest level in more than a year. The rally got more juice from comments this week by Russian President Vladimir Putin, who said on Wednesday that… Continue reading More On OPEC’s Production “Cut”
The Wall Street Journal – Fed Rate-Rise Plan Hits Snag in Stronger Dollar, Higher Long-Term Yields An October surge in the U.S. dollar is reawakening concerns over financial markets’ vulnerability to a likely Federal Reserve rate increase. The WSJ Dollar index rose for the eighth time in the past 10 trading days, hitting a high… Continue reading The Fed’s Third Mandate: Financial Stability
Bloomberg.com – Fed’s Dudley Says ‘Go as Far as You Can’ to Expand Workforce Federal Reserve Bank of New York President William Dudley said the U.S. central bank should continue seeking to draw Americans back into the work force as it debates raising interest rates. “You certainly want to go as far as you can,”… Continue reading Fedspeak
Barrons – Fridson’s Riddle: Junk Bond ETFs Are Cheap, But Not Junk Bonds Veteran bond analyst Marty Fridson reveals a conundrum for high yield investors in his latest report. While he finds high yield to be at “extreme” levels of overvaluation, he says the junk bond exchange-traded fund, iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is cheap… Continue reading HY ETFs vs. The Underlying Securities
<Click on graphic for larger image> The Wall Street Journal – Pound at Weakest Level in History Against Currency Basket The British pound touched a historic low against a basket of global currencies, meaning it has likely never been lower when measured against its trading partners. While the pound recently traded at a 31-year low… Continue reading The Pound’s March Lower
<Click on graphic for larger image> Bloomberg.com – One Measure of Investor Worry Just Hit Its Highest Level Ever Anxiety may have been hard to locate in the U.S. equity market before yesterday. But that didn’t mean it wasn’t there. One measure of expected turbulence, the relative cost of options that pay when stocks decline… Continue reading Gauging Fear In The Market
NYC medallion asking prices hit new low of $250k. $MFIN $SBNY cc @DonutShorts pic.twitter.com/g2dbxXvJDu — Tavit (@tavit87) October 12, 2016
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