<Click on graphic for larger image> The Wall Street Journal – Prices at Gasoline Pump Are Falling but Not as Much as Oil The price of gasoline is declining more slowly than oil, illustrating how consumers aren’t fully benefiting from falling commodities prices. Typically, gas prices go up and down in tandem with crude oil,… Continue reading Crude vs. Gasoline Prices
The Financial Times – Mohamed El-Erian: Cash entices as central banks diverge Recent signals from the European Central Bank and the Federal Reserve have reignited talk of divergent monetary policies among the world’s two most influential central banks. The short-term implications for investors include a stronger dollar, greater equity market volatility and a wider trading… Continue reading Investing When Central Bank Policies Diverge
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<Click on graphic for larger image> Bloomberg.com – Fed Officials Still Need to Win Over Key Voter: The Bond Market Futures indicate 50% chance of December interest-rate boost Bond market unconvinced by Fed’s projected path, futures show While the camp betting on a December increase is bigger than it was before Wednesday’s Fed meeting, that… Continue reading Watching The Fed
<Click on chart for larger image> Bloomberg.com – Oil Producers Curb Megaproject Ambitions to Focus on U.S. Shale Rising complexity making biggest crude developments harder Failure rates soaring when companies can least afford it Big U.S. oil companies are starting to think small. A stubborn 16-month crude rout with no end in sight is driving… Continue reading Will Production Finally Be Cut Back?
The New York Post – John Crudele: The Fed continues to live in a flawed, delusional world As I predicted long before anyone else got on board, the Federal Reserve wasn’t able to raise interest rates in October. And it didn’t say anything about jacking them up at its next meeting in December either. Let me… Continue reading The Fed’s World
<Click on graphic for larger image> The Wall Street Journal – GDP Waves Yellow Flag at the Fed Households are pushing the economy forward, but businesses are signaling caution If it was just up to households, the U.S. economy would be growing quickly enough that raising rates would be a no-brainer for Federal Reserve policy… Continue reading Is Weak Data Holding The Fed Back?
<Click on chart for larger image> Reuters – World stocks on course for best month in four years World shares rose on Friday and were on course for their best month in four years, as global central banks kept stimulus policies intact and many hinted at further steps to re-energize their economies. That has helped… Continue reading World Stock Markets Rebound
<Click on graphic for larger image> CNBC – This index signaled the 2000 and 2007 crashes—and it’s falling again Stocks with big buyback programs are struggling this year, and according to one technician, a similar lag has previously preceded two market crashes. Out of the nine S&P 500 companies with the biggest buyback programs, four… Continue reading Buybacks
<Click on graphic for larger image> The Financial Times – Renminbi posts biggest ever gain on central bank intervention The renminbi posted its biggest one-day gain ever on Friday, as traders said China’s central bank appeared to have intervened to boost confidence around the release of a big economic development plan. The renminbi closed 0.62… Continue reading The Yuan Surges
<Click on chart for larger image> The Wall Street Journal – Hedge Funds Hit by Rebound in Global Stocks Big names among those caught out by bets against stocks that gained recently Several prominent hedge funds have been wrong-footed by a rebound in global stocks this month. Big name European funds including Odey Asset Management… Continue reading Your Daily Installment In Hedge Fund Pain
The Financial Times – Bears hit City and Street for Halloween This weekend millions will dress up as ghouls, vampires, aliens, goblins and Justin Bieber to celebrate all things scary and horrific for Halloween. For the finance industry’s small cabal of “perma-bears” it is also celebration time. While most markets are now back to near… Continue reading Perma-Bears