Today's topics include politics effect on global growth, freer markets in China, Venezuela's dwindling importance in the crude oil market, asset correlations, hedge fund startups, home sales' decline and a potential fat finger trade.
Join us for our conference call on Friday, January 25, 2019.
Price and volume between investment grade and high yield are diverging in ways not seen in years. This represents a risk for high yield moreso than investment grade.
Today's topics include slowing global growth, Europe, everyone is urging central banks to be cautious, why the shutdown won't stop growth, U.S. oil companies, home sales slow, the yield curve, stock buybacks, how we think about debt and an early quant trader goes rogue.
Through Friday, only 61 (12%) of S&P 500 companies have reported Q4 2018 earnings. Estimates for the remaining 88% continue to decline. Q1 2019 earnings forecasts are now below the inflation rate.
Today's topics include the Feds balance sheet, leveraged loans, corporate debt levels, crude oil production in the U.S., China, the government shutdown and stock market performance, passive vs active funds, Barclays, the stock market bubble, financial regulation in 2019, blaming the algos and the World Economic Forum in Davos.
“Yes, Walter, it is indeed rather fascinating to know that the decline of 5.75 per cent in our Global Growth Fund precisely matches the percentage of the new year that has already elapsed.”
Despite a rally in most fixed income assets in Q4 2018, FICC trading at many of the major U.S. banks suffered. Could a persistent bearishness on bonds have led to these results?
We continue to see a regime shift in the relationship between stocks and bonds.
Today's topics include the Jim Bianco on Bloomberg Radio, the Fed's forward guidance, investors pull money from active funds, bear markets, the high yield market, stock pickers have a difficult quarter, the government shutdown, leveraged loans, hedge fund performance and Jamaica's stock market.