<Click on graphic for larger image> The Wall Street Journal – The Most Pessimistic Bull Market in History Instead of chasing growth and profits, investors this year have bought into safety Could this be the most pessimistic bull market in history? The S&P 500 is just one good day’s trading away from a new record,… Continue reading The Most Hated Bull Market In History
<Click on graphic for larger image> Bloomberg.com – China ETFs Swell as Investors Weigh Fed Timing, MSCI Inclusion Mainland, Hong Kong-focused funds post $387 million inflow MSCI to announce whether it will include China stocks Tuesday Investors are returning to exchange-traded funds focused on China and Hong Kong as increasing odds that the Federal Reserve… Continue reading China ETFs
<Click on graphic for larger image> The New York Times – Binyamin Appelbaum: Which Labor Market Data Should You Believe? When the unemployment rate falls below 5 percent, it usually means things are going pretty well. It was 4.7 percent in May, a level last seen in November 2007. A different measure of the economy’s… Continue reading Two Views Of The Labor Market Conditions Index
<Click on chart for larger image> Associated Press – Clinton and Sanders to meet as DC marks the final primary Hillary Clinton and Bernie Sanders are ending the primary calendar with a face-to-face meeting on Tuesday that could set the tone for Democratic unity and next month’s party convention in Philadelphia. Clinton and Sanders plan… Continue reading An Election Update
Bloomberg.com – Yellen Faces Rate Dilemma as U.S. Economy Runs Short of Workers Labor shortages spreading to those with lesser skills Atlanta restaurateur says ‘I have never seen it this tight’ Seven years into the economic expansion, the U.S. is showing some signs of running short of people who want jobs and are qualified to… Continue reading Is The U.S. Running Out Of Workers?
<Click on graphic for larger image> The Wall Street Journal – Survey Shows Rapid Growth in Online Shopping For the first time, consumers say they bought more of their purchases on the web than in stores, according to an annual survey of more than 5,000 online shoppers by United Parcel Service Inc. The shoppers now… Continue reading Booming Online Retailing
The Guardian (UK) – Goldman Sachs hired prostitutes to win Libyan business, court told Wall Street Bank disputes allegations by Libyan sovereign wealth fund that it paid for the women, as well as private jets and five-star hotels Goldman Sachs bankers paid for prostitutes, private jets and five-star hotels and held business meetings on yachts… Continue reading Doing God’s Work
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How Concerned Should We Be? A transcript of the June 9, 2016 conference call. Handout Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/060916.mp3|titles=Conference Call ] Webcast (download if flash video does not work below) [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/060916.mp4″ width=”600″ height=”495″ description=”” player=”3″ autoload=”false” autoplay=”false” loop=”false” autorewind=”true” splashimage=”https://www.biancoresearch.com/bianco/wp-content/themes/twentyten/images/splash.jpg” /] [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=299″]
Independent – EU Referendum: Massive swing to Brexit – with just 13 days to go Exclusive: polling carried out for ‘The Independent’ shows that 55 per cent of UK voters intend to vote for Britain to leave the EU in the 23 June referendum The campaign to take Britain out of the EU has opened… Continue reading A Brexit Update
<Click on chart for larger image> CNBC – ECB corporate bond-buying program makes up almost 1 in 5 trades: Trax Nearly 19 percent of all corporate bond activity in the past two days is down to the European Central Bank’s corporate bond-buying program, according to insights from market data provider Trax. The ECB formally kicked… Continue reading The ECB’s Corporate Bond Purchases
<Click on graphic for larger image> The Wall Street Journal – Stocks Can’t Count on Election-Year Lift In previous presidential-election years, stocks have often struggled during primary seasons, presumably as the uncertainty over which candidates will ultimately lead each party weighs on markets. And rarely is it this late in the year before both the… Continue reading Election Year Seasonality