Equities were relatively quiet as all mulled how the spread of coronavirus beyond China will affect earnings. Nominal selling, focused in the technologies, commenced late morning sending averages down between 0.5% and 0.75%. ...
All Democratic candidates are making similar promises. Government picks the winners and losers, pulling support away from entrepreneurship. All support massive social, environmental and deficit spending, negative interest rates, quantitative easing and massive tax increases. ...
Chinese shares ended its brutal selloff today ending about 1.50% higher. Monday 90% of securities listed on the Chinese exchanges dropped the maximum amount allowed in one day. One trader commented “this was ...
I think there is little disagreement that three of the four mega capitalized technology companies that posted profits last week exceeded expectation. One pundit sounded like Ross Perot when he exclaimed “there is a giant sucking sound” ...
Minneapolis Fed President Neel Kashkari made comments that’s validated many of yesterday’s remarks stating hedge funds and “other investment vehicles” are the primary reasons for the illiquidity in the repo market. Kashkari further opined one of the greatest risks is ...
An argument can be made the proverbial buy on rumor and sell on fact phenomena could occur following the agreement of any trade deal. Yesterday the “New NAFTA” was agreed upon and the markets had little reaction. Can we make the assumption that ...
Many times I have commented about the lack of liquidity in the markets, the result of regulatory fiat, changes in market trading structures and the massive move to passive investing. ...
Led by technologies, equities sank on reports that the US is moving toward restrictions on ownership of Chinese equities in government sponsored pension plans. I think it is noteworthy that there is bipartisan support for such a plan...
Some have commented that White House statements indicating it has no plans to delist Chinese companies helped offset the negative sentiment from Chinese remarks that it has narrowed the range of topics to be discussed. I am certain the interpretation of the upcoming meeting...
Equities rose following reports that the Administration will not target Chinese capital. Many firms have opined that such action could be potentially disastrous, a view that I share. Beijing did its part on Monday ...