Bloomberg Business – Trump’s Stock Drops With Investors in Bloomberg National Poll Those with money in market have less confidence in Republican A Bloomberg Politics/Morning Consult poll found registered voters with money in the market narrowly pick the Republican over Democrat Hillary Clinton, 42 percent to 40 percent, as the candidate who would be better… Continue reading How Investors Look At The Presidential Election
<Click on chart for larger image> Reuters.com – U.S. companies’ stock buyback plans hit four-year low: TrimTabs The value of stock buyback announcements from U.S. companies slowed to its lowest level in four years, TrimTabs Investment Research said on Tuesday, potentially undercutting one of the main drivers of the current bull market. At $1.8 billion… Continue reading Stock Buybacks
The Wall Street Journal – How Junk Bonds Can Look Attractive and Scary at the Same Time High-yield bonds aren’t offering high yields. The distortion is in underlying interest rates In the world of ultralow rates, investors are being forced to wrestle with some head-scratching conundrums. For instance: how can high-yield corporate bonds simultaneously look historically… Continue reading High-Yield Bonds
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<Click on graphic for larger image> Bloomberg.com – Yuan’s Volatility Slides to 10-Month Low as Currency Steadies Weekly ETF inflows to China, Hong Kong surge by $605 million IMF, PBOC researcher say exchange rate reflects fundamentals A gauge of swings in China’s yuan fell to a 10-month low amid receding expectations of a central bank interest-rate cut,… Continue reading China “Clamps Down”
<Click on chart for larger image> Bloomberg.com – Dudley Says September Hike Is Possible, Markets Too Complacent The Federal Reserve could potentially raise interest rates as soon as next month, New York Fed President William Dudley said, warning investors that they are underestimating the likelihood of increases in borrowing costs. “We’re edging closer towards the… Continue reading Fed Officials Continue To Plead For The Green Light From Markets
Financial Sense – Jim Bianco: ‘Inmates Are Running the Asylum’ In a wide-ranging interview with the President of Bianco Research, Jim Bianco explains how the shock Brexit vote actually turned out to be one of the most bullish catalysts for the stock market this year, what’s going on with the Citigroup Economic Surprise Index, and says… Continue reading Central Bank Policy
<Click on chart for larger image> The Wall Street Journal – Speculators Mount Largest Short Sterling Position Ever as Pound Keeps Slumping Bullish bets on the British pound are now among the loneliest positions in global markets. Since the June 23 Brexit vote and the Bank of England’s recent decision to cut interest rates, the… Continue reading Speculators Hate The British Pound
<Click on graphic for larger image> Bloomberg.com – UBS: The Search for Yield Is a Lot More Complicated Than You Might Think For all those chronicling the mad dash for yield since central banks around the world cut interest rates to record lows, UBS Group AG thinks it has the missing chapter. In its most… Continue reading Rethinking The Hunt For Yield
<Click on graphic for larger image> Bloomberg Business – This Oil Market Hears What It Wants to Hear As long as there are eager buyers of bridges, there will be willing sellers. Oil has rallied 8 percent over the past week or so on the pleasingly oxymoronic notion of a rekindled freeze. The big move came on Thursday… Continue reading Oil Hoping OPEC Justifies Its Rally
The Wall Street Journal – The Money Fund Mistake Borrowing costs rise thanks to a looming SEC regulation. The taxpayer safety net is about to get a little smaller thanks to a sensible reform from the Securities and Exchange Commission. Too bad regulators also enacted changes to money-fund rules that are discouraging investment and could exacerbate… Continue reading More On High Money Market Yields
<Click on chart for larger image> Bloomberg.com – The Bank of Japan’s Unstoppable Rise to Shareholder No. 1 BOJ set to become top owner of 55 firms in the Nikkei 225 Japan’s central bank boosted its ETF buying program last month The Bank of Japan’s controversial march to the top of shareholder rankings in the world’s… Continue reading BOJ: The ETF Whale