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Fed Tries To Undo Bullard’s Comments, Accomplishes The Opposite.
October 20, 2014
The Wall Street Journal – Jon Hilsenrath: Federal Reserve Holds Steady Amid Market Volatility Federal Reserve officials are taking a steady-as-she-goes stance as they prepare for their policy meeting this month, even though market volatility and uncertainties about the global economic outlook have rattled investors in recent weeks and led to some mixed messages from… Continue reading Fed Tries To Undo Bullard’s Comments, Accomplishes The Opposite.
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More On Liquidity Concerns
October 20, 2014
Bloomberg.com – Leveraged Money Spurs Selloff as Record Treasuries Trade When markets are buckling and volatility is signaling a crisis, you sell what you can, not what you want. That’s what happened last week on Wall Street, where slowing economic growth in Europe, Ebola anxiety and escalating conflicts in the Middle East and Ukraine tore… Continue reading More On Liquidity Concerns
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As U.S. QE Nears Its End, ECB Renews Its QE Program
October 20, 2014
The Financial Times – ECB starts buying covered bonds The European Central Bank has started to buy covered bonds, launching its latest attempt to stave off a vicious bout of economic stagnation in the eurozone. The purchases are the first in a bond-buying programme that is expected to see the ECB place billions of euros… Continue reading As U.S. QE Nears Its End, ECB Renews Its QE Program
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Is The Stock Pullback Almost Over?
October 20, 2014
<Click on chart for larger image> MoneyBeat (WSJ Blog) – U.S. Stocks: Tenacious or Teetering? Stocks ended a tumultuous week with a burst of strength, but some money managers are warning that the underlying problems that drove prices down in the first place still loom large…Bruce McCain, who helps oversee more than $25 billion as… Continue reading Is The Stock Pullback Almost Over?
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Foreigners Still Love U.S. Debt
October 20, 2014
<Click on chart for larger image> Real Time Economics (WSJ Blog) – U.S. Debt Held by Foreigners Hits Record $6.07 Trillion Foreign holdings of U.S. Treasury securities hit a record high $6.07 trillion in August, up nearly $70 billion from July, as the dollar began its climb to five-year highs and the U.S. recovery showed… Continue reading Foreigners Still Love U.S. Debt
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Earnings Expectations
October 20, 2014
The Wall Street Journal – Earnings to the Rescue Investors left battered by several weeks of big market swings might soon find relief from earnings season. More than half of the companies in the S&P 500 are set to report quarterly results over the next two weeks. Some investors say a renewed focus on corporate… Continue reading Earnings Expectations
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The Battle Between OPEC & U.S. Oil Producers Continues
October 20, 2014
<Click on chart for larger image> Bloomberg.com – OPEC Finding U.S. Shale Harder to Crack as Rout Deepens OPEC is resisting pressure to cut oil production while demand slumps as it tests how low prices must go to make U.S. shale oil unprofitable. As producers become more efficient, that floor is sinking. The Organization of… Continue reading The Battle Between OPEC & U.S. Oil Producers Continues
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Master In Business Interview
October 20, 2014
Comment Last April Jim Bianco sat down with Barry Ritholtz in Bloomberg’s NYC studios for an extended interview about the markets and his career to-date. It was released this Friday as part of their “Master in Business” series. The audio can be found below: Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/newsclips/2014/10/vVx3Y6SjNQxM.mp3|titles=Conference Call ]
Newsclips
Pension Funds Still Questioning Hedge Funds
October 20, 2014
The Wall Street Journal – Pension Funds Eye Reducing Hedge-Fund Investments Pension-fund managers across the U.S. are rethinking their investments in hedge funds in the wake of a retreat by the California Public Employees’ Retirement System. In San Francisco, the chairman of that city’s pension fund has put on hold a vote to invest 15%… Continue reading Pension Funds Still Questioning Hedge Funds
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Cartoons
October 20, 2014
None Today
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Jim Bullard: More QE Because Stock Prices Are Weak
October 17, 2014
Bloomberg.com – Bullard Says Fed Should Consider Delay in Ending QE The Federal Reserve should consider delaying the end of its bond purchase program to halt a decline in inflation expectations, said St. Louis Federal Reserve Bank President James Bullard. Speaking in an interview today with Bloomberg News in Washington, Bullard said U.S. economic fundamentals… Continue reading Jim Bullard: More QE Because Stock Prices Are Weak