Newsclips
Big Tax Plan Revelations Not Yet Causing Concern for Muni Investors
November 6, 2017
Muni investors remain unfazed by tax plan proposals by continuing to send flows into municipal bond ETFs.
Muni investors remain unfazed by tax plan proposals by continuing to send flows into municipal bond ETFs.
80% of the SPX has reported Q3 2017 earnings. the beat rate is 74%, Q3 YoY growth is now expected to be 6.79%
Analysis of the October 31 COT Report
Bloomberg View – Mark Whitehouse: High Earners Are Leaving the Rest Behind U.S. workers are still waiting to see the kind of pay raises they once considered normal, with one notable exception: The highest earners are leaving the rest behind. For the most part, the latest jobs report portrayed an economy growing at a steady pace. Employers recovered from… Continue reading More On The Jobs Report
A 2.49% decline is not unusual. This does not rule out a bear market, but the stories above may be jumping the gun
Behavioral Macro – APPROACHING CRITICAL SHORT-TERM LEVELS IN PRECIOUS METALS Short-term calls are always tricky, but three precious metals are approaching support levels where their decline would likely accelerate if those levels/areas are breached. As most of you know, support tends to be support because a lot of transactions have recently occurred there. The more recent,… Continue reading Precious Metals Technical Analysis
The New York Times – A Bull Market Should Make Investors Happy. This One Isn’t. One day in September, investors with fading summer tans mingled with their brokers over a three-course lunch at Cipriani in Lower Manhattan. Stocks were soaring and they swapped market tips and touted apps that allowed them to buy Bitcoin on the… Continue reading Stocks Climbing A Wall Of Worry
The Economist – Gone missing: As the global economy picks up, inflation is oddly quiescent But central banks are beginning to raise interest rates anyway The central bank said it would slow down the pace of bond purchases each month, to €30bn ($35bn) from January. But Mario Draghi, the bank’s boss, declined to set an end-date… Continue reading Inflation Is Still MIA
Bloomberg – Mohamed El-Erian: Bitcoin’s Contentious Bid for Legitimacy Instead of bringing clarity, an impressive price surge last week accentuated the differences within the financial industry about the future of the bitcoins. Opinions range from those asserting that we are witnessing the birth and maturation of a new global currency to those who argue that… Continue reading Bitcoin
The New York Times – Saudi Arabia Arrests 11 Princes, Including Billionaire Waleed bin Talal Saudi Arabia announced the arrest on Saturday night of the prominent billionaire investor Prince al-Waleed bin Talal, plus at least 10 other princes, four ministers and tens of former ministers. The announcement of the arrests was made over Al Arabiya, the… Continue reading Game Of Thrones: Saudi Arabia
Bloomberg – China’s Central Bank Chief Warns of ‘Sudden, Contagious and Hazardous’ Financial Risks China’s financial system is becoming significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who has made a series of blunt warnings in recent weeks about debt levels in the world’s second-largest economy. Latent risks are… Continue reading China Ramps Up The Regulatory Rhetoric
If the future of active management is high-conviction managers with concentrated bets, then Bill Miller is leading the way