OPEN Webcast – Commitment of Traders Webinar – Discussing Gold, Energy And Grains In our latest webinar, Jim Bianco looks at the latest Commitment of Traders report. Bloomberg – Hedge Funds Are Losing Faith in Precious Metals Gold is out of favor with money managers and it’s not the only precious metal facing investor… Continue reading Commitment of Traders Webinar – Discussing Gold, Energy And Grains
The Wall Street Journal – The Vanishing Reward for Buying High-Yield Bonds Interest rates are low, so what’s not to like about high-yield corporate bonds? One measure suggests investors should think twice. The yield on the Bloomberg Barclays global high-yield corporate bond index stands at just over 5%, not far from its record 2014 low… Continue reading Reaching For Yield
Barron’s – Gene Epstein: How to Predict the Next Recession The inverted yield curve on Treasuries has predicted three of the past three recessions. Here’s what it says now. By contrast, the inverted yield curve on Treasuries has predicted three of the past three recessions. It has also done quite well in advance of previous downturns,… Continue reading The Yield Curve As A Predictor Of Recessions
Bloomberg – Active Manager Uses Lessons From Vanguard to Resist Passive Push For many active stock pickers, low-cost investing pioneer Vanguard Group Inc. has come to epitomize the biggest threat to their business since mutual funds were first started almost a century ago. But some 3,300 miles away from Vanguard’s headquarters in Pennsylvania, a Scottish… Continue reading Active Managers Continue Cutting Fees
Business Insider – Pedro Nicolaci da Costa: The Fed just edged a step closer to recognizing a major policy misstep The Federal Reserve is embarking on an annual summer ritual: Downgrading its overly optimistic forecasts for economic growth and, potentially, preparing for a pause in interest rate increases. Wall Street rallied after Fed Chairwoman Janet Yellen’s… Continue reading The Fed’s Overly Optimistic Forecasts
The Wall Street Journal – Earnings Take Shine Off Bank Stocks J.P. Morgan chief expresses frustration over Washington gridlock as investor excitement over potential policy changes fades A still-challenging environment around lending and interest rates, along with frustration over Washington gridlock that prompted angry remarks from J.P. Morgan ChaseJPM -0.91% & Co. chief James Dimon, took some of the shine off… Continue reading Q2 Earnings Update
The Financial Times – Trump’s approval rating falls to 36% six months into presidency Donald Trump’s approval rating has fallen in recent months over concerns about US leadership in the world, the way his party is handling healthcare reform, and the Russia scandal that continues to dog his White House tenure. Six months into his… Continue reading Trump’s Approval Rating
LPL Financial Research – Is It Time For A 5% Pullback? A year ago yesterday marked the first new all-time closing high for the S&P 500 Index in nearly 14 months. As we noted at the time, that first new high after at least a year can kick off a strong period of outperformance for equities. Sure… Continue reading Measuring The Number Of Days Between Corrections
Bloomberg – So Many Critics of Economics Miss What It Gets Right At this point, blanket critiques of the economics discipline have been standardized to the point where it’s pretty easy to predict how they’ll proceed. Economists will be castigated for their failure to foresee the Great Recession. Some unrealistic assumptions in mainstream macroeconomic models… Continue reading Defending Economics
Comment Today 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 today as we discuss the recent rise in interest rates, the role of central banks and positioning among market participants. Click here to… Continue reading Webcast Friday: What’s Next For Interest Rates After Their Recent Rise
Wall Street Journal – ETF Flows Show Investors Turning Their Backs on the Dollar Buying up foreign stocks, with less concern about the impact of a strong dollar A signal that investors are reshuffling portfolios in anticipation of tighter money from global central banks can be gleaned from recently hefty withdrawals in so-called currency hedged exchange-traded… Continue reading The Weaker U.S. Dollar Not Helping Treasuries