The New York Sun – David Malpass: ‘Helicopter Money’ Next? New Course for the Fed Is Growing More Urgent In a speech Tuesday, the vice chairman of the Federal Reserve, Stanley Fischer, left the door open to the central bank imposing negative interest rates in America. “We’re looking at it, and I can tell you… Continue reading Helicopter Money
None Today
<Click on graphic for larger image> <Click on graphic for larger image> Comment The charts above highlight the betting markets and polls for BRexit. The polls show the odds of the UK remaining in the EU are almost even with the odds of them leaving. A large number of people are undecided. The betting markets… Continue reading Could BRexit Become The Biggest Financial Story Of The Year?
<Click on graphic for larger image> The Wall Street Journal – A Big Bet on Gold Is Getting Crowded Gold is once again glittering on Wall Street. Big investors such as billionaire entrepreneur Mark Cuban are trying to take advantage of a recent rally in gold prices by buying bullish derivatives on a popular exchange-traded… Continue reading Speculators Finally Interested In Gold Again?
<Click on chart for larger image> Bloomberg.com – China’s Equities Plunge Most in a Month as Volatility Reignites China’s stocks tumbled the most in a month as surging money-market rates signaled tighter liquidity and the offshore yuan declined for a fifth day. The Shanghai Composite Index sank 6.4 percent at the close, with about 70… Continue reading Easy Come, Easy Go In Chinese Stocks
<Click on graphic for larger image> The Wall Street Journal – S&P 500 Earnings: Far Worse Than Advertised There’s a big difference between companies’ advertised performance in 2015 and how they actually did. How big? With most calendar-year results now in, FactSet estimates companies in the S&P 500 earned 0.4% more per share in 2015… Continue reading Earnings Are Poor Regardless Of How They Are Measured
<Click on graphic for larger image> The Wall Street Journal – Foreign Money Could Be Slow to Enter China’s Bond Markets China is warming to a new source of cash to fund its burgeoning debt pile: foreign investors. Yet a flood of overseas money into its bond markets may not materialize right away. Late Wednesday,… Continue reading China’s Bond Market Opens Up
The Wall Street Journal – The Big New Threat to Oil Prices: A Glut of Gasoline Refineries in the U.S. Midwest are losing their thirst for oil, posing a new risk for the battered crude market. The Midwest accounts for nearly a quarter of the crude processed in the U.S. and is home to shale… Continue reading Gasoline Supply/Demand
<Click on graphic for larger image> Bloomberg – President Trump? Traders Aren’t Sure How to Prep for That They see levels of political uncertainty soaring in 2016 The eighth year of a presidential term is worst for stocks If markets hate uncertainty, this year’s U.S. presidential elections have the potential to provoke full-blown contempt. As… Continue reading President Trump?
<Click on graphic for larger image> Bloomberg.com – This Obscure Fed Funds Metric Might Explain Market Tumult The Wu-Xia shadow federal funds rate has increased by 3 percentage points since the Federal Reserve confirmed that it would end its bond-buying program on Oct. 29, 2014. The Dow Jones Industrial Average and the Standard & Poor’s… Continue reading An Alternate Fed Funds Measure
<Click on graphic for larger image> MoneyBeat (WSJ Blog) – Ranking 118 Investments for 2016 in One Chart For the markets, it really is the year of the pig. Investors have been shaken deeply in 2016, and the year isn’t even two full months old. Risk assets have been throttled, and safe havens have been… Continue reading 2016 YTD Returns
<Click on graphic for larger image>