Charts of the Week
LT Outlook: Commodity Prices Since 1749
January 16, 2019
A look at commodity prices since 1749
A look at commodity prices since 1749
Brexit negotiations continue with no clear resolution. Until an endpoint is clear, the UK economy remains at risk of grinding to a halt.
The market is still not pricing in a hike this year, but crude oil's rise has the potential to change the Fed's outlook.
Today's topics include high yield, the yield curve, the government shutdown, earnings expectations, U.S. bank profits, the euro, the housing market, worrying about inflation, Ester George speaks and retail sales.
Traders continue to use the high yield index market as a hedge rather than trading the underlying bonds. This is a strategy that works while liquidity exists, but could pose serious problems in volatile markets.
Today's topics include Brexit, lower earnings expectations, the looming credit crunch, wage growth, predicting recessions, investors hiding in cash, U.S. sanctions on Venezuela, J.P. Morgan misses profit expectations, Yellen speaks, trade talks between the U.S. and EU and how much value was lost in the Lehman bankruptcy.
Economic data often gives very little evidence of impending recessions, leading to a poor forecasting record among economists.
Earnings season picks up steam this week. Q4 2018 earnings are expected to be decent, but all eyes will be on 2019 guidance.
Today's topics include the slowdown in China, global economic slowdown, U.S. equities' foreign revenue exposure, PG&E to file for bankruptcy, Gundlach warns on debt, GDPR's unintended consequences, the housing market, stock bullishness and a drop in Citi's trading revenues.