Newsclips
What We’re Reading
August 3, 2018
Today's topics include Apple's market cap milestone, Italian yields, China's "softer" data, recession talk, hedge funds take on Silicon Valley, rhodium and pricing power.
Today's topics include Apple's market cap milestone, Italian yields, China's "softer" data, recession talk, hedge funds take on Silicon Valley, rhodium and pricing power.
Yesterday Vanguard's brokerage unit announced commission-free trading on more than 1,800 ETFs. Not to be outdone, Fidelity unveiled two new "zero fee" ETFs. Are negative fees coming next?
This week's FOMC meeting appeared to make an inflection point for ETF investor interest in the financial sector. Expectations for the yield curve are likely contributing to the shift.
FOMC statements continue to get shorter and easier to understand. According to the Flesch-Kincaid grade level test, readers don't even need a high school diploma to understand yesterday's statement.
Today's topics include the escalating trade war, the budget deficit, missing earnings estimates, managing FAANG expectations, Apple's share buybacks, economics as a science and GAM halts redemptions.
Excess oil production is returning to the forefront. After refusing to chase oil prices higher in the wake of temporary supply outages, other financial markets are still pointing to lower prices.
Jim Bianco was on CNBC with Rick Santelli yesterday talking about the cumulative effect of central bank stimulus and an interesting political quirk involving interest on excess reserves.
The Bank of Canada is sitting out central bank week. But yesterday's strong GDP report and persistent inflation growth set the stage for another rate hike in October.
A look at stock and bond total returns through July 2018.
Mutual fund and ETF flows through June 2018.