The Wall Street Journal – In Brexit Trading, Machine Beats Man This fund category, sometimes called commodity trading advisors, or CTAs, uses customized trading algorithms to spot market trends and place bets on futures and other derivatives. Most of the models didn’t factor in British election polls, bookmakers’ odds or the political-tea leaf reading that… Continue reading Algorithms Beat Humans
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Comment On June 30, 2016 at 9 AM CT (10 AM ET, 7 AM PT and 15:00 BST) Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. The unexpected Brexit victory calls into question the 30-year move toward globalization, suggests a populist uprising is firmly underway… Continue reading Brexit And The Markets
Watch the latest video at video.foxbusiness.com Comment Jim Bianco was on Fox Business discussing Brexit. To view the interview, click on the image above. To view any of our recent interviews, click here. In the Interview Jim voiced concern that the Brexit voted might have marked the end of globalization and that was only the… Continue reading Brexit Talk
Global economy can benefit from policy alignment, Mario Draghi says https://t.co/otlPc1shgx https://t.co/bhbls39Wox — Bloomberg TV (@BloombergTV) June 28, 2016 Comment Draghi’s call for policy coordination is being cited as the reason risk-on markets are bouncing back today. The blue lines in the three charts below show how much central bank tightening is priced in over… Continue reading Will Central Banks “Save” The Markets Again?
Bloomberg.com – Gross Says U.S. Recession Odds May Be 30% to 50% Post-Brexit Vote marks ‘end of globalization as we know it,’ manager says Yield on 10-Year U.S. Treasuries may drop to 1.25%, he says The odds of a U.S. recession may be as high as 50 percent following last week’s vote in the U.K.… Continue reading Scary Talk
The Wall Street Journal – The Fed’s Market Mover Keeps Changing His Mind James Bullard has developed an unrivaled reputation for shifting his stance on whether the Federal Reserve should raise interest rates In an interview, Mr. Bullard acknowledged a willingness to change his mind. “I’d like to think I’m data dependent,” he said. The… Continue reading About James Bullard
<Click on graphic for larger image> The Wall Street Journal – Rome Mulls Capital Injection to Support Italian Banks After Brexit Shock Intervention could add up to $44.4 billion to system, but no decision taken The Italian government is considering a capital injection for the country’s banking system, people familiar with the matter said, after… Continue reading Here Come The Bank Bailouts
The Fiscal Times – 21 Business Buzzwords Goldman Sachs Thinks You Should Know You know what robots are, but how about mobots? And you’ve likely heard of the Internet of Things, but do you know about the Internet of Energy? These are only a couple of the terms Goldman Sachs thinks are key lifestyle, scientific… Continue reading Words You Should Know
The Chicago Tribune – Mayor asks for city authority to buy CPS debt As Chicago Public Schools faces the prospect of going bust before the start of classes in the fall, Mayor Rahm Emanuel is asking aldermen to give the city the option of lending cash to the school district — a policy change that… Continue reading And Here Comes The First Part Of A Chicago Bailout
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Pro link – An additional interview segment for CNBC PRO subscribers. Comment Jim Bianco was on CNBC Friday discussing Brexit with Rick Santelli, both on the air and in a CNBC website extra. Both are above. To view the interview, click on the image above. To view any of our recent interviews, click here. Numbers… Continue reading Discussing Brexit – Maybe The Polls Were Correct!