Bloomberg.com – Bitcoin Plunges After Plans for Split Called Off Bitcoin continued its retreat from a record high after traders weighed in on the cancellation of a technology upgrade that threatened to disrupt the biggest cryptocurrency. Investors who were expecting the extra coins stemming from a split of the chain may be taking profits, while others… Continue reading Bitcoin Takes A Hit
OPEN Central Banks and Earnings Have Greatest Command of Equity Markets Webcast In the webcast above Jim Bianco discusses a recent post written by Ben Breitholtz titled Central Banks and Earnings Have Greatest Command of Equity Markets. We find central bank rhetoric and earnings are showing the greatest command of S&P 500 returns since 2012.… Continue reading Central Banks and Earnings Have Greatest Command of Equity Markets Webcast
The Financial Times – Trump era brings lowest stock market volatility since early 1960s The year after Donald Trump’s surprise victory in the US presidential election have been the quietest months for the US stock market in more than half a century. Since election day, the daily change in the S&P 500, the most widely… Continue reading Where’s The Volatility?
CNBC – Money will start flowing out of China again, but it’ll be much more targeted In early November, Beijing issued a new set of draft guidelines aimed to make outbound M&A easier. As part of those new rules, China is streamlining a process for domestic companies investing over $300 million overseas to gain the… Continue reading Chinese Capital Flows
Bloomberg.com – Bond Traders Brace for Inflation Data That Could Rattle the Fed This week’s CPI data is the last before Fed’s December meeting Morgan Stanley sees a risk that rate hike odds fall to 50% After Federal Reserve officials for years tip-toed around the Treasuries market for fear of rattling traders with tightening monetary… Continue reading Still Looking For Inflation
The Financial Times – John Dizard: Gold is the new cocaine for money launderers Precious metal retains its allure despite dramatic fall in demand, says John Dizard Almost every asset class in the US is collecting far more investor money than can be reasonably put to work. Except gold coins. According to CPM Group, a… Continue reading Physical Gold Sales Down
The Financial Times – Little room for error as investors chase leveraged loan boom Riskier ‘covenant-lite’ deals now account for 70 percent of market Riskier “covenant-lite” loans now account for about 70 percent of new leveraged loans, up from 30 percent before the Lehman Brothers crisis. Protections that were standard back then have now vanished altogether.… Continue reading Leveraged Loans
The Financial Times – John Authers: Saudi Arabia crackdown and persistence of the unforeseen Known risks suggest caution but risks we did not yet know about prompt the real alarm It is not the risks we worry about that harm us. It is what Donald Rumsfeld once called the “unknown unknowns” that we were not… Continue reading Searching For Reasons For A Selloff
Webcast replay for our conference call titled Bull Markets Climb A Wall Of Worry
Central bank rhetoric and earnings showing greatest command of S&P 500 returns.
Investors are having a natural reaction to falling prices and not signaling they are giving up on this asset class