<Click on chart for larger image> <Click on chart for larger image> Bloomberg.com – BlackRock Junk-Bond ETF Has Record Withdrawal as Rally Fades Investors yanked a record volume of cash from BlackRock Inc. (BLK)’s exchange-traded fund that buys junk bonds as the notes lose value for the first month since May. The $16.3 billion fund… Continue reading High Yield ETFs
The Wall Street Journal – Fed Assesses Its Bond Buys Federal Reserve officials generally gave positive reviews to their latest round of bond-buying in a policy meeting last month, but avoided drawing firm conclusions on whether to continue the programs when they evaluate them next month. Policy makers largely deemed their September decision to begin… Continue reading The FOMC Minutes
Bloomberg.com – Fed Moves Toward Tying Interest-Rate Decisions to Economic Data The Federal Reserve is embarking on the next step in Chairman Ben S. Bernanke’s journey toward greater transparency — tying its outlook for borrowing costs to measures of employment and inflation. Policy makers “generally favored the use of economic variables” to provide guidance on… Continue reading The Federal Reserve Considers A Rules-Based Approach
The Wall Street Journal – FHA Nears Need for Taxpayer Funds The Federal Housing Administration is expected to report this week it could exhaust its reserves because of rising mortgage delinquencies, according to people familiar with the agency’s finances, a development that could result in the agency needing to draw on taxpayer funding for the… Continue reading Next Up In Bailout Nation, The FHA
The Financial Times – Eurozone falls back into recession The eurozone fell back into recession in the third quarter after the combined economy of the 17-member bloc contracted for the second consecutive month, dragged down by the Netherlands and peripheral nations. Eurostat, the EU’s statistics office said the region’s economy contracted by 0.1 per cent… Continue reading Europe’s Recession
MarketBeat (WSJ Blog) – Art Cashin: Late-Day Fades Are Troubling The stock market can’t seem to build any momentum these days. In yesterday’s final trading hour, stocks erased early gains and finished lower, continuing a trend of fading late-day rallies that have been taking place on a more regular basis since the market peaked in… Continue reading The Final Hour Of Trading
Conference Call Presentation/Charts of the Week Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/503842-646079.mp3|titles=Conference Call] [hana-flv-player video=”https://www.biancoresearch.com/bianco/SubscriberArea/111512.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” /] Topics Covered This Week Include: The State Of The Economy Economic Growth In 2013 Earnings And Revenue “Beats” Revenue Growth Earnings – Expecting Negative Growth For Q3 The Trend In Earnings Revenue Growth –… Continue reading Conference Call Presentation/Charts of the Week
Comment On November 15, 2012 at 9 AM CT (10:00 AM ET, 7:00 AM PT, and 15:00 GMT), 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 fiscal cliff and its market implications. Now that the election is behind… Continue reading The Fiscal Cliff And Beyond
The Wall Street Journal – Fourth-Quarter Earnings the Next Concern Third-quarter earnings reports are still coming in, Home Depot reported this morning, but the bulk of the season is over, and it’s looking like the worst quarter for corporate profits in three years. This isn’t a stunning conclusion; it’s the one, after all, everybody expected.… Continue reading An Updated Look At Earnings
<Click on chart for larger image> Bloomberg.com – Republicans Seek Fiscal Cliff Delay With Debt Card The subtext of the fiscal cliff battle between Democrats and Republicans is a dispute between going fast and going slow. Democrats want to capitalize on the political momentum from President Barack Obama’s Nov. 6 re-election and reach an agreement… Continue reading More On The Fiscal Cliff
<Click on chart for larger image> The Wall Street Journal – U.S. Stocks Hit 3-Month Low U.S. stocks fell to a more than three-month low as concerns about the fiscal cliff and Greece’s debt woes outweighed optimism about Home Depot’s better-than-expected earnings report. The so-called fiscal cliff, a combination of mandatory tax increases and spending… Continue reading Stocks Hit A 3-Month Low