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Newsclips
Heavy Outflows from Emerging Markets Not Warranted
August 7, 2018
Emerging market central banks away from Latin America are keeping pace with developed economies. Nearly unanimous outflows from emerging markets have marked contrarian buy signals for the months ahead.
Newsclips
Leveraged Loans are Back in Style
August 7, 2018
A renewed appetite for risky corporate bond exposure has investors pouring into leveraged loans. They are unlikely to outperform high yield bonds unless Treasury yields break free from range-bound conditions.
Newsclips
Earnings Update: The Great Quarter Continues
August 7, 2018
With over 80% of the S&P 500 reporting Q2 2018 earnings, the beat rate remains at a record 82%.
Newsclips
What We’re Reading
August 7, 2018
Today's topics include the problem with economic data, central bank normalization, the bond market, Gen Z, Fidelity's no-fee fund, Standard Life outflows, large-cap mutual funds, Japanese wages and Turkey's financial woes.
Newsclips
Cartoons
August 7, 2018
Newsclips
Where’s the Diversification Opportunity? Maybe Nowhere
August 6, 2018
Investors are unprepared for market shocks given a lack of negative correlated returns or volatility across major asset classes.
Newsclips
Global Concern Over Monetary Policy on the Rise
August 6, 2018
Global search interest in monetary policy is rising sharply, higher versus six months ago for the first time since January. This is especially bullish for the U.S. dollar against a handful of emerging market peers.
Newsclips
What We’re Reading
August 6, 2018
Today's topics include predicting stock market returns, zero fee ETFs, 5% Treasury yields, cryptocurrency pump & dump schemes, China defending its currency, stock market concentration and the Fed on autopilot.
Newsclips
Cartoons
August 6, 2018
Newsclips
Net Treasury Issuance Expected to Soar into Year End
August 3, 2018
After a short-term peak in August, net Treasury issuance is expected to taper off into October before ramping sharply higher to $221 billion in December. The rising share of issuance to the belly of the curve will sustain a flattening bias.
Monthly Reports
Employment In Pictures – Upward Revisions A Silver Lining To Payroll’s Miss
August 3, 2018
July's payroll report missed estimates, but revisions to the May and June figures offered a silver lining.