The Wall Street Journal – New Evidence That Traders Front Run Important Economic Data If it sometimes seems as if traders are front running the public release of economic data, that’s because they probably are. A team of economists recently examined the movements in stocks and bonds ahead of the announcement of important economic indicators.… Continue reading Front Running Economic Releases
Bloomberg.com – Michael Bloomberg: Leaving Europe Is a Risk the U.K. Shouldn’t Take As the founder of a business that specializes in financial data, news and analysis, I have carefully evaluated the question of Brexit and concluded that the risks involved are troubling. No one can say for certain if an “Out” vote would shrink… Continue reading Brexit
MarketWatch – Caroline Baum: The economic wisdom of Chauncey Gardiner: There will be growth in the spring What is getting in the way of 3% growth? The economy’s problem is the soil. For too long, the garden has been neglected. The soil needs aerating. It lacks the organic compounds and nutrients required to produce stronger,… Continue reading Growth’s New Normal
<Click on graphic for larger image> Bloomberg.com – The End of Economics 101 Is Nigh as Central Bank Logic Unravels Is the link between monetary policy and inflation broken? The central bank governor of Denmark, where nominal rates have been negative longer than anywhere else in the world, says there may be signs that the… Continue reading Have Central Banks Lost The Magic Touch?
<Click on graphic for larger image> Bloomberg.com – This S&P 500 Death Cross Could Be The Real Deal Not all “death crosses” are created equal. In a note to clients, Intermarket Strategy Ltd. Chief Executive and Strategist Ashraf Laidi points out that the S&P 500’s 50-week moving average is falling below its 100-week moving average.… Continue reading Beware The S&P 500 Death Cross
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Conference Call Presentation/Charts of the Week Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/051916.mp3|titles=Conference Call ] Topics Covered This Week Include: Topics The Latest Fed Dot Chart – 2 Hikes In 2016 What Economists Expect Forward Curve What The Market Expects The Market Disagrees With The Fed Stocks And Fed, Who Is Leading Who? This Is How It Works Stocks And… Continue reading Conference Call Presentation/Charts of the Week
<Click on chart for larger image> The Wall Street Journal – Fed’s Lockhart and Williams Say June Is a ‘Live’ Meeting Two regional Federal Reserve bank presidents said Tuesday that the U.S. central bank could raise short-term interest rates at its meeting next month, despite low market expectations for such a move and uncertainty surrounding… Continue reading The Fed Pleads With The Market Yet Again
<Click on chart for larger image> The Financial Times – Five things to watch for as oil nears $50 a barrel There are key factors that can fuel crude beyond $50 or stall the near 80% price rally 1. The latest leg up in prices comes as output in what was Africa’s largest producer has… Continue reading Crude Oil Now Near $50 A Barrel
<Click on chart for larger image> The Wall Street Journal – The Rate Debate: Inflation Says Go, Markets Say Stop Inflation has firmed to the point that the Federal Reserve can be more comfortable about raising rates again, but investors aren’t there yet The prices are starting to look right for the Federal Reserve to… Continue reading The Markets vs Inflation
<Click on graphic for larger image> The Wall Street Journal – Investors’ Flight From Negative Rates Flattens Yield Curve Interest-rate futures, a popular tool for hedge funds and money managers to place bets on Fed policy, showed that the odds of a rate increase at the Fed’s June meeting were 15% late Tuesday. While still… Continue reading Negative Rates And The Yield Curve
<Click on graphic for larger image> Value Walk – 80 Percent Of Stocks Have A Lifetime Return Of Zero … We analyzed 14,455 active stocks between 1989 and 2015, identifying the best performing stocks on both an annualized return and total return basis. Looking at total returns of individual stocks, 1,120 stocks (7.7% of all… Continue reading The Lifetime Return Of Stocks