Implied volatility across risk assets are swiftly reconnecting to U.S. Treasuries, indicating a realignment of risks. But, U.S. high yield has stubbornly bucked this trend, indicating little fear over an abrupt rise in U.S. Treasury yields. We are watching realized and implied volatility of U.S. Treasuries to determine when junk bond investors should truly worry.
The success of Ant Financial may provide a roadmap for other tech companies to join the money management game.
Searches related to home stores are a bright spot in otherwise declining traffic related to major purchases. Home improvement retailers are positioned to benefit.
Can ETF fees ever get low enough that a marginal cut no longer matters? As long as robo-advisors scour the markets for every possible advantage, the answer is no. Are negative fees coming?
Today's topics include trade tensions and the G7 summit, Bernanke's concerns, Goldman Sachs, the Fed's unwind, emerging market turmoil, hedge fund performance, money market inflows, the gig economy, tech CEOs and the end of company guidance.
Wage growth expectations are tempering toward 2.8% year-over-year by the end of 2018. Slowing consumer search trends (Google) and difficulty for employers to find quality labor are helping keep a lid on improving wages.
Wage growth expectations are tempering toward 2.8% year-over-year by the end of 2018. Slowing consumer search trends (Google) and difficulty for employers to find quality labor are helping keep a lid on improving wages.
Dealers are leaving the corporate bond market just as ETFs are gaining more prominence. In the past dealers have handled many idiosyncratic issues in trading this market through downturns. The more macro-driven approach to trading by ETFs has not been tested under similar circumstances.
The Eurozone growth picture is getting uglier. The sharp drop in economic growth will test the will of ECB officials hoping to calmly declare an end to asset purchases next week.
Buffett and Dimon are asking companies to stop offering guidance at the exact time when companies have the most positive news to share.
Today's topics include timing the rate hikes, crude oil bottlenecks, job openings vs. job seekers, emerging market contagion, China's debt cliff, volatility trading and equity bears.