Bloomberg – Sweden’s March Toward a Cashless Society Sweden’s accelerating march toward a cashless society has the authorities worried. A special parliamentary committee is looking into the potential dangers of the rapid transformation and what it could mean for the payment infrastructure and for people without access to the digital economy. The central bank is… Continue reading Sweden Moves Towards A Cashless Society
The handout, audio replay and webinar replay of our February 15, 2018 conference call titled The Surge In Volatility: A Derivatives Debacle Or The Beginning Of A Regime Shift? can be found below. The handout can be found here (starts with the second post). The audio replay can be heard below: The webinar replay is… Continue reading Conference Call Replay – The Surge In Volatility, A Derivatives Debacle Or The Beginning Of A Regime Shift?
The steepening biases produced in mid-January are now fading given increased expectations for rate hikes.
Bloomberg – Selloff Grips Credit Funds as Rate Fears Ripple Through Markets Junk bond funds suffer more than $10 billion weekly outflow Corporate bond investors finally joined a selloff that has shaken stocks to Treasuries as investors spooked by U.S. interest-rate risk headed for the exits. Investors pulled $14.1 billion from debt funds, the fifth-largest stretch… Continue reading Persistent Outflows for U.S. Corporate Bond ETFs
Bloomberg – China Holdings of U.S. Debt Rose in 2017 by Most in Seven Years China increased its holdings of U.S. Treasuries last year by the most since 2010, in a signal its demand for American debt remains resilient. The value of China’s holdings of U.S. bonds, notes and bills rose by $126.5 billion to… Continue reading TIC Update – Foreigners Loved Equities In December
The Wall Street Journal – Stocks Are Moving in Tandem. That Can Be Scary Shares of everything from manufacturers to banks to oil-production companies are rebounding together after tumbling in unison earlier this month, a phenomenon that could lead to more turbulence ahead. Correlations among the S&P 500’s 11 sectors, a measure of how different… Continue reading Stocks Moving In Unison Again
Bloomberg – Buy the Dip, That Old Wall Street Favorite, Comes Under Scrutiny “Buy the dip” has worked like a charm over the past decade, thanks to market-friendly policies from central banks around the world. But last week’s selloff and surge in volatility have left many fund managers wondering whether they should stick with the… Continue reading Buy The Dip Mentality
The Financial Times – How to read the regime change at the US Federal Reserve These days, with a new governor — Jay Powell — in charge, nobody knows exactly where policy will head next. But Mr Powell does not seem a natural dove: he has previously said that he is concerned that loose monetary… Continue reading Don’t Count On The Fed Put Anymore
The Financial Times – Higher bond yields fail to arrest an ever-weakening dollar The US dollar gained briefly during the volatility, which is to be expected as frightened investors flee for the perceived safety of US assets. But it has given that all up and is now back at its lowest level since 2014…So, why… Continue reading Examining The Reasons For A Weaker Dollar
Today at 9:00 AM CT (10:00 AM ET, 7:00 AM PT and 15:00 GMT) Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webinar/teleconference moderated by Jim Bianco. The spike in volatility is being dismissed as a derivatives debacle rather than being treated as a fundamental shift. Be careful with this… Continue reading Conference Call Today – The Surge In Volatility, A Derivatives Debacle Or The Beginning Of A Regime Shift?