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Ever Wonder How Many Rate Cuts Occurred Globally Over The Past Decade?

November 30, 2017

The Financial Times – Get set for 1,000 rate hikes over next 10 years It may take up to 1,000 rate increases over the next decade to get back to normal, according to JPMorgan’s asset management unit. Monetary policymakers reacted vigorously to buttress the economy in the wake of the worst financial crisis since the… Continue reading Ever Wonder How Many Rate Cuts Occurred Globally Over The Past Decade?

Newsclips

Cartoons

November 30, 2017

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Conference Calls

Is This The World We Now Live In Replay

November 29, 2017

Handout, mp3 replay webcast replay and transcript of our conference call titled Is This The World We Now Live In? on November 30, 2017.  The handout can be found here (starts with the second post).   Mp3 replay can be heard below: Webcast replay below: View PDF

Conference Calls

Measuring Volatility

November 29, 2017

The charts below show how low volatility has become across asset classes.        

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Conference Calls

Why Volatility Is Low

November 29, 2017

Summary The ingredients for low volatility are all in place with concerted economic growth, modest inflation, and no surprises from central banks. However, volatility and fund flow activity will eventually rebound as central banks end stimulus, however to a new lower long-run average thanks to technology and innovation.  Comment The velocity of flows being sent between… Continue reading Why Volatility Is Low

Conference Calls

The Longest Risk-On Cycle Ever?

November 29, 2017

The current risk-on cycle has lasted 139 consecutive trading days, one day short of the all-time record. Barring a stock market crash, it will tie the record Friday and set a new record Monday. The chart below measures risk-on/off cycles using BofA’s Global Flow Index, which reveals investor flows between risk and safe assets. As BofA states:   The… Continue reading The Longest Risk-On Cycle Ever?

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Conference Calls

Are Machines Taking The Mystery Out Of Markets?

November 29, 2017

Bloomberg Technology – Could Robots Take Away This Classic Wall Street… For a decade, Ken Sena has had a classic Wall Street job as an equity analyst, which means he researches companies to help investors decide which stocks to buy and sell. Last year, he met developer Bryan Healey, who helped build the AI assistant Alexa… Continue reading Are Machines Taking The Mystery Out Of Markets?

Conference Calls

Should We Fear AI/Robots?

November 29, 2017

Summary The post above discusses the rapid changes brought about by AI/robots in finance. Should we fear for our jobs? History actually argues rapid technology is a net creator of jobs. Comment When reading the post above, the natural reaction is to fear our jobs will be replaced by robots/AI. Northwestern economics Professor Robert J.… Continue reading Should We Fear AI/Robots?

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Conference Calls

How Many Hikes In 2018?

November 29, 2017

Bloomberg.com – Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains Job market going from among the weakest to ‘one of tightest’ Says near-term recession risk ‘still looks fairly limited’ “Our projections would imply an evolution over the current cycle from the weakest labor market in postwar U.S. history to one of the… Continue reading How Many Hikes In 2018?

Conference Calls

Bitcoin Thougths

November 29, 2017

  Bloomberg – China’s Cryptocurrency Barons Seek New Life Across Asia A diaspora of crypto-dishards emerges after China’s crackdown China’s largest cryptocurrency operators are proving hard to keep down. From OKCoin to Binance.com, Chinese exchanges and wallet services are seeking a second life in friendlier Asian jurisdictions as the mainland clamps down on trading and coin offerings. They’re… Continue reading Bitcoin Thougths

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Newsclips

Conference Call Thursday: Is This The World We Now Live In?

November 29, 2017

Comment On November 30, 2017 at 9 AM CT (10 AM ET, 7 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 ability to process large amounts of data efficiently and rapidly through artificial intelligence and machine learning is changing… Continue reading Conference Call Thursday: Is This The World We Now Live In?

Newsclips

U.S. Shale Locks in Higher Prices

November 29, 2017

A month of oil prices above $50 was a windfall for U.S. shale. High intl prices still favor shale producers near the gulf coast.