The Financial Times – Six global banks join forces to create digital currency Six of the world’s biggest banks have joined a project to create a new form of digital cash that they hope to launch next year for clearing and settling financial transactions over blockchain, the technology underpinning bitcoin. Barclays, Credit Suisse, Canadian Imperial… Continue reading Big Banks Getting In On Cryptocurrency
Bloomberg – Trump’s Tax-Cut Bid Hits New Obstacle: Hurricane Harvey’s Costs Before President Donald Trump launched his latest call for major tax cuts, he took a moment to offer support to Texas and Louisiana in the wake of Hurricane Harvey…That moment revealed how the storm, which has claimed more than 20 lives and caused as… Continue reading Hurricane Harvey’s Potential Effect On Trump’s Tax Agenda
Handout, mp3 replay and webcast replay for our conference call titled How Investor Behavior Has Changed Post-Crisis on August 31, 2017. The handout can be found here (starts with the second post). A transcript of the Q&A can be found here. Mp3 replay can be heard below: Webcast replay below:
Bonds are still the domain of active managers, in stark contrast to equities. And the public has all but given up on hybrid or balanced funds. Bloomberg.com – How Active Fund Managers Can Get Their Groove Back Rather than fearmongering, they may want to… Continue reading Equity Flows: Active vs. Passive
Summary Shifts in global fund flows just are not what they once were when equities suffered and safety gained ground. The diminished velocity of fund flows will remain low until the perceived risks between U.S. Treasuries and equities decouple. Comment The chart below is the Bank of America’s global fund flows. It measures asset-adjusted flows… Continue reading Risk-off Just Ain’t What It Once Was
Dealb%k – Day Trading in Wall Street’s Complex ‘Fear Gauge’ Proliferates Each morning, at the market’s open, Seth M. Golden, a former logistics manager at a Target store, fires up the computer in his home office in northern Florida and does what he has done for years: Put on bets that Wall Street’s index of volatility,… Continue reading Who Shorts Volatility?
Jim Bianco: There’s a thought out there that this represents a systemic risk. That if the volatility sector or some of these other players get it wrong, that they could sink the whole market. Could you comment on that? Peter Forbes: Well, it’s something that we’ve looked at and it’s definitely something that… Continue reading Q&A From Our August 31, 2017 Conference Call
Comment On August 31, 2017 at 9 AM CT (10 AM ET, 7 AM PT and 15:00 BST) Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Join us Thursday as we discuss how investor behavior has changed since the financial crisis of 2008. We will examine… Continue reading Conference Call Thursday: How Investor Behavior Has Changed Post-Crisis
Financial Times – Dollar falls on concern over Harvey’s economic toll Industries count the impact of Houston’s shuttered port on supply chains Most economists expect the storm that has struck the Texas coast to have only a temporary and minor impact on US economic growth, but bond yields were crimped as some investors bet on the… Continue reading Harvey Could Keep Yields from Rising if Dollar Rallies