<Click on graphic for larger image> Bloomberg.com – Robots Will Strike Asset Management Firms First The rise of financial technology threatens all of Wall Street, a new survey shows. According to a new survey (PDF) from the CFA Institute, Wall Street is getting a bit worried about fintech replacing its jobs. The majority of respondents, which included more than… Continue reading Robots Taking Over The World
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Charts of the Week Topics Covered This Week Include: Election Betting Fund Flows Update: The Most Hated Rally Ever? Fund Flows Update: The Most Hated Rally Ever? – 2 Q1 2016 S&P 500 Earnings Expectations Beat Rates And Company Guidance S&P 500 Reported vs Operating Earnings S&P 500 Forward PE Ratio Market Capitalization As A… Continue reading Charts of the Week
Bloomberg Business – These Six Charts Show Investors Don’t Have Faith in U.S. Stocks While $3 trillion has been added to equities in 11 weeks and the S&P 500 has recently been points from a record, you couldn’t tell from the behavior of investors. From flows to exchange-traded funds to levels of short interest and… Continue reading The Most Hated Rally Ever?
<Click on chart for larger image> Bloomberg Business – Two Fed Officials Signal Markets May Be Wrong to Doubt June Hike Atlanta Fed leader says markets underestimating rate hike odds Two regional Federal Reserve presidents said that an interest-rate increase should be on the table next month, pushing back against market expectations that the U.S.… Continue reading Fed Officials Take On The Market
<Click on graphic for larger image> The Wall Street Journal – High Anxiety: Markets Get Roiled Developments reflect worries that have shadowed a surprising 2016 recovery in the prices of stocks and many commodities Stocks and oil futures tumbled and Japan’s yen hit its highest intraday level against the dollar since October 2014, as investors… Continue reading World Markets
<Click on chart for larger image> Dana Lyons’ Tumblr – “Smart Money” Has Never Been More Bearish On Silver … Specifically, as of Tuesday, April 26, commercial hedgers held a net short position of 91,302 silver futures contracts. Since the CFTC began reporting the Commitment Of Traders’ data in 1986, that is their largest net… Continue reading Bearish On Silver
<Click on graphic for larger image> The Wall Street Journal – Oil Price Upheaval Finally Hits Refiners Last holdouts of energy bust post earnings down sharply from year earlier Two trends have helped upend the refining boom: U.S. crude is no longer trading at a steep discount compared with oil from other parts of the… Continue reading Oil Refiners See Profits Disappear
<Click on chart for larger image> Bloomberg Business – Mark Gilbert: Fragile Currency-War Truce May Fracture The foreign exchange market is notorious for overshooting. A currency that starts moving in a particular direction as economic fundamentals change will often end up at a rate that can’t be justified by the data. So trying to nudge… Continue reading Currency Wars
The Financial Times – Martin Wolf: Brexit – sovereignty is not the same as power The very fact that the UK is holding a vote on membership of the EU shows that it is sovereign If Britain were to vote to leave the EU in June would it regain the sovereignty that those in favour… Continue reading More On BRexit
Bloomberg Business – Fed Plan to Avoid Another Lehman Targets Big Bank Customers Rule would impose stay on swaps contracts after banks fail Hedge funds, insurers and other companies that do business with Wall Street megabanks are poised to pay a price for regulators’ efforts to make sure any future collapse of a giant lender… Continue reading Bank Regulation
The Financial Times – US Treasury debates new-for-old bond swap Discussion of debt buybacks highlights focus on structure and efficiency of $13tn market The US Treasury has debated a sweeping overhaul of the $13tn government bond market, including a proposal to buy back old debt as officials focus on the health of trading in a… Continue reading Debt Buybacks