Newsclips
Cartoons
September 9, 2016
None Today
None Today
<Click on chart for larger image> Bloomberg Business – It’s Been Another Terrible Year for Anyone Looking to Beat the Market CreditSights Inc.’s ‘total return range’ subtracts the total return of the worst-performing asset class of the year from the total return of the best-performer. As of the start of September, that figure comes in… Continue reading It’s Tough To Beat The Market These Days
<Click on graphic for larger image> Charles Schwab – Mind the Gap: Are Earnings Expectations Too High? After a year and a half of cutting their earnings estimates for the world’s companies by a total of 14%, analysts have spent the past six months raising them. Are they now expecting too much? Since the end… Continue reading More On Analysts’ Overly Optimistic Earnings Estimates
<Click on chart for larger image> CNBC – Fed’s Lacker says the case for a rate increase in September is strong Federal Reserve Bank President of Richmond Jeffrey Lacker said on Wednesday there is a ‘strong case’ for a rate hike in September. Lacker said the recent employment and gross domestic product numbers point to… Continue reading Timing The Rate Hike
Bloomberg.com – Investors Pile Into Gold ETFs on Dimming Outlook for Rate Hike Gold is back on investors’ radar. After gold futures posted the worst monthly performance since May, money is moving back in. Holdings in exchange-traded funds backed by the metal climbed by 13.8 metric tons in the first two days of this week,… Continue reading Gold ETFs
The Financial Times – Britain is falling into denial about Brexit What was all the fuss about? The sun is still shining, the economy is growing and Scotland has not seceded. It is time for pro-European doomsters to admit it: Brexit was good for Britain. Now the world awaits its return as a truly “sovereign”… Continue reading Brexit
<Click on graphic for larger image> Real Time Economics (WSJ Blog) – A New Record for Job Openings Deepens Mystery Over Lack of Hiring One of the labor market’s biggest mysteries just got deeper: The number of job openings available at the end of July climbed to a new record of 5.9 million. Yet the… Continue reading The Jobs Market
<Click on graphic for larger image> St. Louis Fed – Real GDP Projected at 3.6% Annual Rate in Third Quarter The St. Louis Fed’s Economic News Index1 predicts that real GDP will increase at a 3.6 percent annual rate in the third quarter, according to data through Sept. 2. If realized, this would be substantially… Continue reading The St. Louis Fed Will Not Be Left Out Of The GDP Projection Game
The Wall Street Journal – Negative Rates Are Working (a Bit) Consider just a few data points. Unemployment in the eurozone last month fell back to where it stood in November 1998, just two months before the euro came into being. The 7.5 million jobs created in the eurozone since the start of 2014, the… Continue reading Defending Negative Rates
The Financial Times – When will the ECB run out of bonds to buy? With the eurozone’s recovery proving relatively lacklustre, the ECB has vowed to continue QE at least until March and many economists expect it will be forced to prolong the programme beyond that date. But credit analysts at banks including Citi, HSBC,… Continue reading The ECB’s List Of Eligible Bonds
<Click on cartoon for larger image>
Charts of the Week Topics Covered This Week Include: No Hike In September The Market’s Track Record In Predicting The Fed The Market’s Track Record In Predicting The Fed – 2 Shadow Central Bank Rates Earnings Beat Rate And Expectations Revenue Beat Rate And Expectations Company Guidance The Stock/Bond Relationship The Stock/Bond Relationship – 2… Continue reading Charts of the Week