I received considerable feedback with my comment that it feels as though a major change is about to occur. Is this really a radical statement? Interest rates are expected to rise for the first time in nine years....
Today the Minutes from the July FOMC meeting are released. As noted yesterday, the economic landscape is different today than that of three weeks ago. Housing and autos are showing considerable strength. China has devalued. Oil has plunged, falling by a record amount in July. ...
What will the Minutes from July’s FOMC meeting suggest scheduled for release tomorrow? A lot has happened since the late July meeting including further declines in oil, a Chinese devaluation and strong home and auto sales....
The Chinese Yuan again initially roiled the markets. The hyperbole about the possible ramifications is exponentially rising. Some might argue the negative narrative may replace the incredibly myopic negative narrative of oil....
The Chinese unexpectedly lowered the exchange rate of the yuan, the first such devaluation since 1994. Officials state this is a one off event and a “one-time adjustment.”...
The collapse of oil prices is now beginning to weigh heavily upon the oil producing countries. Russia just posted the sharpest decline in GDP since 2009 and its third quarter outlook has further deteriorated. Its foreign reserves according to the IMF are $357 billion down...
July’s job’s data was largely as expected making the type of progress the Federal Reserve wants to see in order to raise interest rates in September. I am anticipating the narrative to rise to deafening levels similar to that of today’s oil market as the...
Oil has dropped over 25% or $16/barrel since June 30, one of the sharpest decimation in history. Everything in the energy sector has been utterly destroyed since June 30, a destruction that is greatly amplified in the bond market given liquidity issues brought upon by...
The Chairman of Shell stated with oil prices at current levels every oil firm will have to slash its budget, commenting further that most investments outside the Middle East does not make sense. He further stated oil prices declining another 20% might be too optimistic,...
Several years ago I attended a conference where several prominent hedge fund and private equity managers were speakers. Perhaps the consistent theme amongst the presenters was the best opportunities present themselves when “blood is running in the street.”...