The Reformed Broker – Josh Brown: ‘Billions’ Trailer Hits!!!!!!!! “What’s the point of having f*** you money, if you never get to say f*** you?” The first trailer for the Showtime series ‘Billions’ just hit the web and it looks awesome. They had me at Paul Giamatti, whom I guess plays some kind of regulatory… Continue reading Cartoons
Comment Yesterday we hosted a conference call titled The Words Of Summer: Greece, China, Earnings, Crude Oil and Fed. The mp3 replay, webcast replay and presentation are below. [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=262″] Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/070915.mp3|titles=Conference Call ] [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/070915.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” /] If the webcast does not work above, please… Continue reading The Words Of Summer: Greece, China, Earnings, Crude Oil and Fed
<Click on graphic for larger image> The Economist – Cover: China embraces the markets A panicked response to tumbling stocks casts doubt on the pace of reform From mid-2014 until early June, ChiNext, a market for start-ups, more than tripled. China’s mania derived partly from the way the market functioned. Regulators act as gatekeepers over… Continue reading China
ETF Trends – Equity ETFs Added Assets in June Despite Market Declines The SPDR S&P 500 ETF (NYSEArca: SPY) and the PowerShares QQQ (NasdaqGM: QQQ), the NASDAQ-100 tracking exchange traded fund, fell 2.2% and 2.8%, respectively, last month but those glum performances did not deter investors from pouring money into equity-based ETFs. ETFs added $18… Continue reading Why The Idea Of The “Most Hated Bull Market Ever” Is Wrong
Bloomberg.com – How Puerto Rico’s Debt Levels Compare With Those of U.S. States Puerto Rico’s debt per capita of $15,637 is more than 10 times higher than the average debt per capita of the 50 states, according to Moody’s. The rating company does not include city, county, or agency debt in the calculations for U.S.… Continue reading Puerto Rico’s Debt Compared To Other States
The Financial Times – Treasury market’s bogeymen are here to stay Federal Reserve governor Lael Brainard argued this week that the role of HFT in Treasuries should be studied more closely, as markets dominated by these players “may be less able to absorb large shocks”. Even US Treasury secretary Jack Lew has pointed an accusatory… Continue reading High Frequency Treasury Traders
<Click on graphic for larger image> The Economist – Buttonwood: The debt trap The developed world has not found an answer to its debt problem ALMOST eight years have elapsed since the financial crisis took hold in August 2007 and still the same issues are being fought over. Who should suffer the most pain—creditors or… Continue reading Creditors vs. Debtors
Bloomberg.com – Short Sales Are at Their Highest Level Since the Financial Crisis U.S. equity bears, mired in the longest streak of losses in 25 years, are getting bolder. Unfazed by three years of money-losing bets against stocks, short sellers increased their bearish wagers in June to the highest level since the financial crisis, according… Continue reading Short Selling
The Financial Times – The Bloomberg terminal: clunky, costly, addictive, ubiquitous Yet none have managed to worm themselves quite so utterly into the fabric of finance. In 2010 the understanding fiancée of a BlackRock fund manager commissioned a wedding cake shaped like a Bloomberg terminal. Even high culture has acknowledged its status. Last week the… Continue reading The Bloomberg Terminal
Comment We weren’t sure if this graphic from Deutsche Bank belonged in the Cartoons section of today’s Newsclips or as a serious post. With a flow chart as convoluted as this, is it any wonder the negotiations between the Greeks and their creditors have been unsuccessful thus far? <Click on graphic for larger image>
Comment Today at 9 AM CT (10:00 AM ET, 7:00 AM PT, and 15:00 BST), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Join us today as we discuss the issues that seem destined to dominate the summer – Greece, China, crude oil, earnings and… Continue reading The Words of Summer: Greece, China, Earnings, Crude Oil and Fed