<Click on graphic for larger image> Bloomberg.com – These Wall Street Jobs Are Poised for Biggest Swings in Pay Health-care bankers, rates-options traders among 2015 winners Distressed-debt traders face 25% drop, Options Group estimates This was a great year on Wall Street to help buy and sell drug companies. Distressed debt and mortgage-linked securities? Not… Continue reading Wall Street Pay
<Click on chart for larger image> Bloomberg – Michael P. Regan: Watch Out for the Yuan China’s surprise devaluation of its currency is widely credited with helping to trigger the swoon in stock markets in August. If you’re still looking for the magic formula that explains how a move of about 2 percent in the… Continue reading China Faces Pressure
<Click on graphic for larger image> The Wall Street Journal – The Percentage of Mortgages Entering Foreclosure Is at its Lowest Level Since 2005 About 0.38% of loans went into the foreclosure process during the third quarter, according to a report released Tuesday by the Mortgage Bankers Association, the lowest rate since the second quarter… Continue reading Foreclosures At A 10-Year Low
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<Click on chart for larger image> Reuters.com – DoubleLine’s Gundlach: Fed hike ‘no-go more likely than most people think’ DoubleLine Capital co-founder Jeffrey Gundlach said on Sunday that the Federal Reserve may hesitate to raise rates given rocky economic and financial conditions, though the Paris attacks alone are unlikely to play a factor in next… Continue reading Market vs. Economist Expectations
<Click on chart for larger image> Bloomberg.com – Dollar Climbs to 7-Month High as Inflation Seen Endorsing Fed Euro drops a third day amid bets on central-bank divergence Praet says risk that investors lose faith in ECB projections The dollar climbed to a seven-month high against the euro before data that economists forecast to show… Continue reading The Soaring Dollar, More Room To Run?
<Click on chart for larger image> Bloomberg.com – Myth of the Endangered Market Maker There’s a popular idea circulating on Wall Street that trading desks no longer have any money to help clients trade and that’s why it’s becoming more difficult to maneuver in the $8 trillion U.S. corporate-bond market. The concept is rooted in… Continue reading Understanding The Primary Dealers’ Corporate Bond Position
L’Agef (Newspaper In France) – Pour ou contre la hausse des taux US Bianco Research. Les résultats économiques ne justifient pas le relèvement des taux. Mais la Fed doit sortir d’une politique perçue comme manipulatrice. Il en est question depuis des mois. Juin, septembre et maintenant décembre: la Fed va-t-elle relever son taux directeur? Quand,… Continue reading Talking Markets
<Click on graphic for larger image> The Financial Times – Bond investors freed to tackle interest rate risk Morningstar counts 127 “non-traditional” bond funds in the US, which includes unconstrained vehicles, and most of them have been established since 2013. Even after a trickle of outflows earlier this year, there is still more than $145bn… Continue reading Unconstrained Bond Funds
Bloomberg Business – Joseph Ciolli: Ramsey the Bear, Who Called S&P 500 Decline, Sends Warning Doug Ramsey, whose bearish research foreshadowed the U.S. stock market’s first correction since 2011, says the rebound that has lifted equities since August doesn’t mean the mispricings that drove the rout have gone away. If anything they’re worse, according to… Continue reading Bearish Thoughts
<Click on chart for larger image> Bloomberg.com – Druckenmiller, Bacon Among Top Managers Cutting Back U.S. Stocks Listed holdings down 41% at Duquesne, 39% at Moore Capital Tepper hedge fund also sold in third quarter as markets fell Some of the world’s top hedge fund managers scaled back their U.S. stock investments last quarter as… Continue reading Hedge Funds Cut Back On Stocks Just In Time To Miss The October Rally
The Wall Street Journal – Global Stocks Rise European shares supported by weaker euro and expectations of more monetary stimulus Global stocks rallied Tuesday as geopolitical worries prompted by Friday’s terror attacks in Paris left investors hoping for more stimulus from the European Central Bank. Europe’s Stoxx 600 was up 2% late morning, while U.S.… Continue reading Bad News Is Good News Rally – Global Edition