<Click on chart for larger image> The Wall Street Journal – China Securities Regulator Vows to Step In if Markets Swing Again Newly appointed Liu Shiyu defended Beijing’s heavy intervention aimed at propping up stocks last summer China’s newly-appointed securities regulator struck a cautious tone in his media debut, promising sustained government support for the… Continue reading Volatility In Chinese Markets
<Click on graphic for larger image> Bloomberg.com – Americans’ Home Wealth Recovers $7 Trillion as Prices Firm Record home values from Charlotte to Dallas to San Francisco Recovery helps offset stock market losses, aids consumers The 2006-2009 housing slump reduced wealth by $7 trillion. Since then, the value of homeowners’ equity in real estate has… Continue reading Housing Wealth
<Click on chart for larger image> MarketWatch – Will a lack of volume doom this rally? There’s been a brisk 10% rally from the February low, but volume has been anemic. Technical analysis 101 says that low-volume rallies tend to fail. Does this mean this rally is doomed? It is generally believed that low-volume rallies… Continue reading Where’s The Conviction In This Rally?
CNBC – Are central banks doing more harm than good? Central banks in general and the Fed in particular have faced a tough question over the past two years or so: Are they out of bullets? But recent developments indicate an even thornier issue: What if aggressive monetary actions not only have run their course,… Continue reading The All-Powerful Central Banks
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The Wall Street Journal – WSJ Survey: More Economists See Fed Waiting Until June to Raise Rates Just 3% see central bank acting at March meeting, down from 9% in last poll Most economists surveyed by The Wall Street Journal expect the Federal Reserve to leave short-term interest rates unchanged at its next two policy… Continue reading The Next Fed Move, Economists vs Markets
<Click on chart for larger image> Bloomberg.com – IEA Says Oil Price May Have Bottomed as High-Cost Producers Cut Non-OPEC supply will decline 750,000 b/d as U.S. falters OPEC-Russia output freeze to have little impact in first half Oil prices may have passed their lowest point as shrinking supplies outside OPEC and disruptions inside the… Continue reading Is The Oil Glut Over?
Comment Jim Bianco was on Bloomberg TV this morning talking about the ECB move yesterday. To view the interview, click on the image above. To view any of our recent interviews, click here. The Financial Times – ECB bazooka blasts stocks higher Following an ultimately upbeat Asia session, the pan-European Stoxx 600 equity index is… Continue reading Discussing The ECB
<Click on chart for larger image> MarketWatch – Earnings decline looms large over U.S. stocks Every once in a while even the most rehearsed game of earnings expectations on Wall Street doesn’t go according to the plan. Downward revisions to first-quarter earnings estimates are a case in point. Over the past two months, sell-side analysts… Continue reading Another Bad Earnings Quarter?
The Financial Times – The death and rebirth of the stock exchange Trading venues have grown in value despite regulatory, technological and competitive disruption One of its biggest operations is clearing — taking care of the contracts after trades are done. Its SwapClear division now clears 95 per cent of the global market in over-the-counter… Continue reading Stock Exchanges
<Click on chart for larger image> DealB%k – For Hedge Funds, Start of 2016 Offers Little Relief From 2015 The hedge fund titan Larry Robbins did something out of character last year. He apologized to investors for losing their money and pledged to “right the ship as quickly as possible.” Then he solicited more money… Continue reading Hedge Funds Still Struggling
Reuters – Markets betting on near-zero interest rates for another decade World markets may have recovered their poise from a torrid start to the year, but their outlook for global growth and inflation is now so bleak they are betting on developed world interest rates remaining near zero for up to another decade. Even though… Continue reading NIRP Forever!