Supply Shocks Not as Dramatic for Munis as Expected
December 4, 2017
Munis are expected to rebound from the so-called 'supply shock.'
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Expectations for Economic Growth vs Interest Rates Not Squaring Up
November 28, 2017
Economists showing uncertainty over econ growth for 2018, but expecting a low inflation and interest rate environment.
Venezuela is Alone in its Troubles
October 16, 2017
Financial Times – IMF crunches the numbers for possible Venezuela rescue Move could require $30bn a year or more in international help The IMF has had no official relationship with Venezuela since Caracas cut off relations in 2007 and has not...
Earnings Get Going This Week
October 16, 2017
View PDF Comment Through Friday only 32 S&P 500 companies reported Q3 2017 results. This week well over 100 will report. The blended chart below shows 468 median estimates and 32 actual results. The next chart shows revenue growth...
Data Reports
Inflation Watch – Hurricanes Skew Data Once Again
October 16, 2017
The New York Times – Gasoline Buoys U.S. Consumer Prices, Underlying Inflation Tame U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared in the wake of hurricane-related production...
The Race For Fed Chair
October 16, 2017
The Financial Times – Trump faces choice between upheaval and continuity at the Fed Donald Trump must choose between embracing continuity or propelling the world’s most important central bank into a potentially market-jarring change of...
The Fed Continues To Promise Gradual Rate Hikes
October 16, 2017
The Wall Street Journal – Yellen Says Gradual Rate Increases Should Help Sustain Economy’s Growth Fed chairwoman says labor-market strength should lead to higher inflation next year Federal Reserve Chairwoman Janet Yellen kept the door open...
Balance Sheet Reduction Begins
October 16, 2017
Bloomberg Business – The Long-Awaited Fed Balance Sheet Taper Begins Today With Mortgages Today’s the Big Day for investors in U.S. mortgage-backed securities. After months of debate and conjecture about what’s become known as the Federal...
Wall Street Losing To ETFs?
October 16, 2017
Bloomberg – Old Wall Street Is Losing the Battle Beneath the Surface of ETFs A hidden war is taking place within your exchange-traded fund, and some of the biggest names on Wall Street are losing out. Banks like Goldman Sachs Group Inc. have...
Consumer Confidence Still The World’s Most Useless Economic...
October 16, 2017
Bloomberg.com – Consumer Sentiment in U.S. Unexpectedly Surges to 13-Year High U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major...
Robots Are Taking Over The Markets
October 16, 2017
Barron’s – Black Monday 2.0: The Next Machine-Driven Meltdown In the rise of computer-driven trading, some hear echoes of the stock market’s 1987 crash. Beware the feedback loop. Quantitative investors understood early on that betting...
Dimon Can’t Stop Talking About Bitcoin
October 16, 2017
The Wall Street Journal – Why James Dimon and Larry Fink Aren’t Buying Bitcoin Two of the top executives on Wall Street criticized the digital currency bitcoin Friday, with J.P. Morgan Chase & Co. Chief Executive James Dimon ...