Reuters – Analysts flee Wall Street with gallows humor as research changes loom “It certainly seemed that the difficulty of being paid for research was going to increase, not decrease,” said Hilder, who is now trying to reinvent himself as an investment banker. Many share Hilder’s grim outlook. Reuters spoke to dozens of current and former… Continue reading MiFID 2
Screenshot of ESPN’s Gameday this past Saturday Morning from Madison, ahead of the Wisconsin/Michigan football game.
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?
MoneyBeat (WSJ Blog) – When a 10% Gain Makes You Feel Like a Loser The researchers found that when companies announced a positive surprise the day after a firm in the top tenth by market value also beat expectations, their shares didn’t go up nearly as much as they normally would. And the day after… Continue reading Earnings
Technology and small-cap equities are expected to end 2017 on a high note.
Brick and mortar retail faces a thinning of the herd as the competition for holiday traffic heats up.
The Financial Times – Angela Merkel faces worst political crisis of her career Breakdown of coalition talks plunges Germany into new era of uncertainty Angela Merkel was pitched into the worst crisis of her career after talks on forming a new coalition government broke down, plunging both Germany and Europe into a new era of uncertainty… Continue reading Why The Merkel News Is Not Moving Markets
Barron’s – What’s Next for ETFs No invention has been more disruptive to the asset-management industry in the last quarter-century than the exchange-traded fund. Its tradability, tax efficiency, and cost ignited the low-fee revolution, sapping assets from actively managed mutual funds and fundamentally changing how advisories, brokerages, and asset managers conduct business. Just as the smartphone… Continue reading The ETF Universe Continues To Grow
The Wall Street Journal – Housing Starts Bounce Back Strongly U.S. housing starts rose last month to the highest level in a year, a sign that builders are getting back on track after hurricanes lashed the southeast and dampened residential construction activity in September. Housing starts increased 13.7% in October from the previous month to a… Continue reading Housing Starts
The Wall Street Journal – Developed Economies’ Stock Gains Pale Beside Emerging Markets’ GDP Boom There’s something about economic growth and stock markets, across the developed and emerging world, that doesn’t add up. For most of the past decade, the stock markets of developed countries have powered higher even as their economies struggled with sluggish… Continue reading Stocks Diverge From Economic Data
The Wall Street Journal – How to Spot a Market Top A da Vinci sells for $450 million, one bitcoin is worth $7,700 and 99-year-old Austria issues a 100-year bond at an interest rate of 2.1%. Clearly there is too much money in the world. That isn’t new, but how long can it last? With… Continue reading Reasons For Concern In The Stock Market