Stocks edged lower as all weighed the chances that the US will scrap a tariff hike on Chinese goods scheduled for December 15. Treasuries also dropped in price as jobless claims fell to a seven month low. ...
2019 will perhaps be regarded as the year the unexpected occurred. Domestically the economic forecast for 2019 penned around this time last year was largely met but the response to it was largely unexpected given the consensus view ...
Is a tectonic change about occur on Wall Street? The only consistent profitable trade is long mega sized technology companies. As noted yesterday, Bloomberg writes mega sized growth is priced for 25% annual profit growth for the next decade, twice the rate of...
Equities were mixed on trade and earnings. Treasuries sold off as yields are now at their highest levels since September. Oil rose for the third consecutive day. ...
Many times I have commented about the lack of liquidity, primarily the result of regulatory fiat, trading mechanics and passive investing. Considerable attention has been focused on the liquidity issues of the repo market, liquidity that is being provided by the lender of last...
In my view the conversation is intense amongst brokerage professionals who have knowledge about Fed policy as to why the Fed conducting its fourth consecutive repo operation. Before Tuesday, the last time the Fed intervened was ...
Only history knows the ultimate outcome of the drone attacks. What is definitively known is oil instillations are not impregnable. That illusion was shattered just as past illusions of invincibility such as the Great Wall of China and the...
Only history knows the ultimate outcome of the drone attacks. What is definitively known is oil instillations are not impregnable. That illusion was shattered just as past illusions of invincibility such as the Great Wall of China and the...
Was the attack on the Saudi Arabian oil processing plant a proverbial game changer along the same lines of 9/11? It is now thought it was the Iranians who orchestrated the event that shuddered about 50% of the Kingdom’s and 5% of the world’s...
Relatively speaking the markets were quiet. In some regards it felt as a typical August trading day, the inverse of the last three weeks. Some are suggesting volatility could greatly increase if Friday’s remarks from FRB Chair Powell are less dovish than ...