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Charts of the Week

Diverging Markets: Shades of 2007

January 20, 2015

Diverging Markets: Shades of 2007 A transcript of the January 15, 2015 conference call. Handout (also shown below) Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/011515.mp3|titles=Conference Call ] [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/011515.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 above to view webcast> [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=235″]

Newsclips

The Fed Will Remain Patient

January 20, 2015

The Wall Street Journal – Jon Hilsenrath And Brian Blackstone: Fed Officials on Track to Raise Short-Term Rates Later in the Year While Europeans Weigh Bond-Buying Program to Boost Growth, U.S. Officials Are Upbeat on America’s Economic Prospects Federal Reserve officials are staying on track to start raising short-term interest rates later this year, even… Continue reading The Fed Will Remain Patient

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Earnings Season Now Underway, Estimates Continue To Head South

January 20, 2015

Factset – Earnings Insight for January 16, 2015 Lowest Earnings Growth (0.6%) since Q3 2012 (-1.0%) The blended earnings growth rate for Q4 2014 is 0.6%. If this is the final growth rate for the quarter, it will mark the lowest earnings growth for a quarter since Q3 2012 (-1.0%). Blended Revenue Growth: 0.8% The… Continue reading Earnings Season Now Underway, Estimates Continue To Head South

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ECB QE Coming This Week?

January 20, 2015

<Click on graphic for larger image> Bloomberg.com – ECB May Deliver $635 Billion to Steer Euro Away From Deflation Mario Draghi is likely to announce a 550 billion-euro ($640 billion) bond-purchase program this week and won’t skimp too much on the details, economists say. The European Central Bank president will make his biggest push yet… Continue reading ECB QE Coming This Week?

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Newsclips

Crude Still Heading Lower

January 20, 2015

<Click on chart for larger image> The Wall Street Journal – How Low Can Oil Go? Traders Balk at Making the Call As Crude Extends Slide, Even Those Who Bet on Lower Prices Are Getting Nervous; ‘It’s Bloody Nuts’ Oil prices have plunged from north of $100 a barrel in June to less than half… Continue reading Crude Still Heading Lower

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Is It Better To Have A Money Printing Central Bank Than Strong Earnings?

January 20, 2015

Zero Hedge – The Biggest Problem For European Stocks In One Chart Per SocGen, “the problem, and we assume the source of hope for Eurozone equity investors, is that Eurozone corporate profits have not matched this strong equity price performance. Headline EPS and DPS growth have not advanced since 2012. In fact, aggregate earnings and… Continue reading Is It Better To Have A Money Printing Central Bank Than Strong Earnings?

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IMF Cuts, Why Is This News?

January 20, 2015

<Click on chart for larger image> The Financial Times – IMF cuts forecasts for global economic growth Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the global economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium-term economic outlook, the… Continue reading IMF Cuts, Why Is This News?

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China Cracks Down On Speculation

January 20, 2015

<Click on chart for larger image> Market Watch – China stocks plunge amid regulator crackdown on margins Chinese stocks dived the most in over six years Monday, with a wide sell-off sweeping across the financial sector as investors turned jittery over the latest move by securities regulators to clean up the margin-trading business. The benchmark… Continue reading China Cracks Down On Speculation

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China’s GDP Slows

January 20, 2015

<Click on graphic for larger image> The New York Times – China’s Economy Expands at Slowest Rate in Quarter-Century China grew at its slowest rate in 24 years in 2014, according to data released by the National Bureau of Statistics on Tuesday. The economy expanded by 7.3 percent in the last quarter of the year,… Continue reading China’s GDP Slows

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Will Russia Run Out Of Money? Capital Controls Next?

January 20, 2015

<Click on chart for larger image> Bloomberg – $151 Billion Outflow From Russia Sparks Capital Control Concerns (No Link) Russia may impose capital controls if net capital outflows reach $60 billion in 1Q, according to 14 economists polled in a Bloomberg News survey. Further ruble depreciation, as well as difficulty in refinancing debt for banks… Continue reading Will Russia Run Out Of Money? Capital Controls Next?

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Newsclips

A World Record Low In Interest Rates

January 20, 2015

<Click on chart for larger image> Bloomberg.com – Bond Investors Haven’t Been This Gloomy Since 2008 — But Are They Right to Be So Down? Bond investors can be a gloomy bunch, glass-half-empty types who see bad news everywhere. But they haven’t been this downbeat about growth and inflation in the U.S. economy since 2008,… Continue reading A World Record Low In Interest Rates

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More Swiss Fallout, Now Federer Needs To Win!

January 20, 2015

The Wall Street Journal- Fallout From Swiss Move Hits Banks, Brokers Fallout from Switzerland’s wildly swinging currency ricocheted around the world, hitting global banks with tens of millions of dollars in losses and triggering the collapse of some brokerage firms. Deutsche Bank AG and Citigroup Inc. both suffered about $150 million in losses after the… Continue reading More Swiss Fallout, Now Federer Needs To Win!