CNBC – Traders will watch this, but Fed can’t rewrite history When the Fed last met, it did not know about the failed Greek referendum or even the Chinese stock market meltdown, but traders nonetheless will be combing the minutes of that June meeting for any inkling of how it might react to those international… Continue reading The FOMC Minutes
<Click on chart for larger image> Reuters.com – NYSE suspends trading of all securities due to technical problems The NYSE accounts for more than 60 percent of S&P 500 .SPX volume at the close of the market, according to Credit Suisse analyst Ana Avramovic. Most of this is at the “market-on-close,” when those orders are… Continue reading A Look At Volume Trends
<Click on chart for larger image> Real Time Economics (WSJ Blog) – Fed’s Williams: U.S. Still on Track For 2015 Rate Rise Federal Reserve Bank of San Francisco President John Williams sounded a note of confidence Wednesday that the U.S. economy won’t be derailed by ominous events in China and Greece, in remarks that once… Continue reading Timing The Rate Hike
<Click on chart for larger image> Time – Why China’s Stock Market Meltdown Could Hurt Us All The negative consequences are already spreading beyond China’s borders The great Chinese stock bubble of 2015 has, as many expected it would, popped. After peaking on June 12, the Shanghai Composite Index has fallen 32% and the more… Continue reading Chinese Stocks
The Financial Times – Treasury markets ‘complacent’ over Fed rate strategy In a 2012 paper, Daniel Thornton at the St Louis Fed’s research division, noted that link between the Fed fund rate and the 10-year Treasury yield had actually begun to disconnect as early as the late 1980s. “The major implication of this research is… Continue reading The Relationship Between Fed Hikes & The Long End Of The Curve
The Wall Street Journal – Robots on Wall Street? Firms Try Out Automated Analyst Reports Each day, Wall Street churns out millions of words encouraging investors to buy or sell stocks, bonds and mutual funds. In the future, more of those words might not be written by humans. As automation in financial services grows, computers… Continue reading Robots Are Taking Our Jobs
Bloomberg.com – This Chart Shows How Complex the U.S. Stock Market Has Become In recent years, the U.S. stock market has changed dramatically, thanks to an influx of regulatory, technological, and competitive pressures. The increasing complexity of the market has often been blamed for the technological glitches that appear to be occurring with some frequency… Continue reading Technology, Regulation & The Stock Market
Conference Call Presentation/Charts of the Week Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/070915.mp3|titles=Conference Call ] Topics Covered This Week Include: Still Words To Live By 2015 Conventional Wisdom … … And How It Turned Out Greece Conventional Wisdom – Words Greece Conventional Wisdom – Table The Pain Greece Has Endured Massive Unemployment Now China’s GDP Slowing Economic Data Disappoints Growth… Continue reading Conference Call Presentation/Charts of the Week
Comment On July 9, 2015 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 Thursday as we discuss the three issues that seem destined to dominate the summer – Greece, earnings… Continue reading The Three Words of Summer: “Greece, Earnings and Fed”
<Click on chart for larger image> Bloomberg Business – China Stock Sellers Frozen Out of 71% of Market Investors trying to sell Chinese shares have found themselves locked out of 72 percent of the market. At least 1,331 companies have halted trading on mainland exchanges, freezing $2.6 trillion of shares, or about 40 percent of… Continue reading The Chinese Stock Market Tumbles
The Wall Street Journal – Ruchir Sharma: China’s Stock Plunge Is Scarier Than Greece There are four basic signs of a bubble, and the Chinese stock market is on the extreme end of all four. China’s state-sponsored stock-market rally is unraveling, with potentially dangerous consequences. The first major sign that all wasn’t going according to… Continue reading Why The Fall In The Chinese Stock Market Matters