Charts of the Week Topics Covered This Week Include: Comparing Central Bank Balance Sheets Is This Still a Hated Stock Market Rally? Is This Still a Hated Stock Market Rally? – 2 Mutual Fund Flows Is ISM Still Accurate? Gold Sentiment Gold Sentiment – 2 One Final Update On This Quarter’s Earnings One Final Update… Continue reading Charts of the Week
Reuters.com – PRECIOUS-Gold hits fresh 5-month low on tapering fears, U.S. data eyed The Fed’s money-printing for bond purchases has played a key role in pushing gold prices higher over the last few years. However, a recovering U.S. economy has prompted talk of an end to the stimulus measures and a shifting of investor money… Continue reading Gold Sentiment
Chicago Tribune – Fed should give more detail on rate hike plans: Williams The Federal Reserve needs to be more aggressive in providing detail on what would lead it to eventually raise interest rates in order to prevent uncertainty among investors that could rile markets and hurt the economic recovery, a top Fed official said… Continue reading Fed President Williams Speaks
The Econtrarian – Paul L. Kasriel: Unless the Fed Goes Cold Turkey on Us, Expect a Bountiful Economic Harvest for Thanksgiving 2014 My projection of a rising trend in the growth of the sum of Fed and depository institution credit has a positive implication for the prices of U.S. risk assets – equities, high-yield bonds,… Continue reading 2014 Market Thoughts
BuzzFeed – Here’s The First Ever Hedge Fund Ad, Complete With A Professional Surfer The Monterey, Calif.-based hedge fund TopTurn Capital, has put out a web video with slick production value and a professional surfer to help pedal their investment strategies. The ad appears to be the first of its kind in the industry, which… Continue reading The First Ever Hedge Fund Ad
The Wall Street Journal – Regulators Set to Approve Toughened ‘Volcker Rule’ U.S. regulators are expected to approve next week a toughened version of the Volcker rule, ushering in an era of stricter oversight for Wall Street with restrictions on the trading banks can do with their own money. Four of the five agencies wrestling… Continue reading Bank Regulation
The Financial Times – Boom-era credit deals poised for comeback Last month Citigroup placed an unusual job advertisement. The bank was seeking an analyst able to crunch the numbers on an obscure financial security: synthetic collateralised debt obligations. Four weeks later, job applicants would find the position filled. Such has been the clamour among investors… Continue reading CDS Market Prepared To Heat Up
The Financial Times – China must not copy the Kaiser’s errors Beijing, in its dispute with Japan, risks repeating the errors of an earlier era that led to war Will we sustain an open global economy while also managing tensions between a rising autocracy and democracies in relative economic decline? That was the question posed… Continue reading China
New York Post – Get ready for lies and Labor Department statistics The Labor Department will release its latest unemployment data this Friday. But it won’t put a note in the news release saying that its jobless figures might have been fabricated. So I’ll write the note for the department, which is, understandably, shy about… Continue reading Payroll Friday
Barron’s – Bitcoin, Gold and Tulips In January, bitcoin was trading around $13. By November, it was at $200, and it had soared past $1,200 by Thanksgiving before backing down. Is bitcoin the wave of the future, or nothing more than digital tulips? One look at the chart says the present is fraught with extreme… Continue reading The Future Of Bitcoin?
None Today
Comment A common theme among stock market bulls is that the current stock market rally is “hated.” This is supposed to be taken as a contrarian sign that investors are still avoiding the stock market and are underinvested, meaning the stock market has more room to run to the upside. The first chart below shows… Continue reading Is This Still A Hated Stock Market Rally?