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December 21, 2015
<Click on graphic for larger image> <Click on graphic for larger image> Friday we highlighted the shirt below but forgot to include the link Order Here
<Click on graphic for larger image> <Click on graphic for larger image> Friday we highlighted the shirt below but forgot to include the link Order Here
<Click on chart for larger image> The Wall Street Journal –Fed Hikes, but Some Rates Veer Lower Yields on Treasurys drop after central-bank move For central-bank officials, the divergence of bill yields from its policy rate was anticipated, but the longer it persists, the more it could be a cause of concern. That is because… Continue reading The Mechanics Of Hiking Rates, Day 1
Comment Yesterday Jim Bianco hosted an internal conference call and discussed the Fed’s decision and the latest in the high yield market. The audio and webcast replays are below. Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/121715.mp3|titles=Conference Call ] Webcast (download link) [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/121715.flv” 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” /]
<Click on graphic for larger image> The Financial Times – Withdrawals hit US corporate bond funds Investment grade bond funds in the US have been hit with a record wave of redemptions, a week after two high-yield funds announced they would shutter and another barred withdrawals as the credit market showed further cracks. Investors withdrew… Continue reading Junk Bond Outflows At A New Record
<Click on chart for larger image> Reuters – Oil heads for third straight weekly loss as supply weighs A global supply glut that brought prices close to 11-year lows this week means Brent oil prices will post losses for a third consecutive year, which would be the first time that has happened since oil trading… Continue reading Crude Oil Supply
<Click on graphic for larger image> AQA – How Many Hikes? Current Economic Growth vs FOMC Projections Current economic growth and inflation suggests no additional hikes in 2016. Growth was just good enough in 2014 to favor one hike, which finally came to fruition this month (Dec 2015). The possibility of ‘one and done’ remains… Continue reading How Many Hikes In 2016?
<Click on graphic for larger image> Bloomberg – Amazon Is Capturing Bigger Slice of U.S. Online Holiday Spending Online retailer is taking share from store with Web sales Warehouse network, quick delivery drive jump in spending Amazon.com Inc. is increasing its share of U.S. online spending during the holiday season, even as Wal-Mart Stores Inc.,… Continue reading Amazon’s World Domination
The Financial Times – Hedge funds cut fees to stem client exodus Many hedge funds are cutting fees and negotiating with investors to trim some of their hefty costs and avert withdrawals after another mediocre year for returns. The industry has been shifting for several years away from its traditional model of charging 2 per… Continue reading Hedge Funds React To Their Bad Year
Bloomberg View – Christopher Balding: Fed Leaves China Only Tough Choices No one will blink if the Fed raises U.S. interest rates 50 basis points today, signaling an end to the cheap-money era. The U.S. central bank has telegraphed its move for months and while pockets of lingering weakness will spur some Fed watchers to… Continue reading China’s Choices Post-Hike
The Economist – Canary or canard? The suspension of several speculative bond funds carries only faint echoes of the onset of the credit crunch … Yet junk-bond funds make poor canaries. For one thing, even their name conveys risk. Unlike the funds that buckled at the start of the credit crunch, they are not seen… Continue reading Skepticism About High Yield Problems
<Click on graphic for larger image> Bloomberg.com – BOJ’s $2.5 Billion ETF Boost Seen Having Little Impact on Stocks The new program is in addition to the 3 trillion yen the bank already spends on ETFs each year, the BOJ said on Friday. The BOJ also said it would extend the average maturity of holdings… Continue reading The BoJ Disappoints
VisualCapitalist.com – All of the World’s Money and Markets in One Visualization How much money exists in the world? Strangely enough, there are multiple answers to this question, and the amount of money that exists changes depending on how we define it. The more abstract definition of money we use, the higher the number is.… Continue reading Visualizing All The World’s Money