BIDEN ECONOMY: Markets Fall Some More
“The Ukraine war, a global energy shock and the risk the Fed tries to fight the supply-driven inflation have sparked a reassessment of macro scenarios among market participants,” wrote Blackrock analysts in a note Monday morning. “We also see little chance of a perfect economic scenario of low inflation and growth humming along.” Fed Chair…
Markets Take a Hammering – NASDAQ in Bear Territory
It was a horrible day for the markets. The exchanges are tanking and Biden has no answers other than to blame anyone but himself. Monday was a horrible day for the markets and for America. After months of anti-American actions resulting in the crisis in Ukraine, the markets lost in numerous ways. According to Zerohedge…
Dow Jones Drops 900 Points on Opening Bell as New COVID-19 Variant Roils Markets
The Dow Jones fell over 900 points just after opening bell on Nov. 26, with other major Wall Street stock indexes—and risk assets more generally—also seeing sell-offs as news of a new COVID-19 variant spreading in South Africa seems to have sparked a broader risk-off sentiment among investors. By 10:30 a.m. New York time, the Dow was down around…
From Record High Markets and Record Low Unemployment Under Trump to Record High Inflation Under Biden in a Matter of Months
From Record High Markets and Record Low Unemployment Under Trump to Record High Inflation Under Biden in a Matter of Months Tap here to add The Western Journal to your home screen.
“China represents our passport towards the markets of the whole world”
“China represents our passport towards the markets of the whole world” – Taliban Recognize Communist China As Their Closest Ally Tap here to add The Western Journal to your home screen.
GET READY FOR A RIDE: Inflation Is a Major Concern Amongst Many Concerns in the Markets Today
Individual investors around the world are trying to determine where is the most profitable and safest place for their investments. This question has never been as difficult to determine as now. The markets grew under President Trump based on solid economic policies. The President put in place trade agreements that benefitted the US. He lowered…
Futures, Global Markets Hit Record High Amid Unstoppable Trader Euphoria
Global stocks and US equity futures rose to a fresh record high on – what else – optimism that a firehose of fiscal spending will revive economic growth and bolster corporate earnings, which coupled with more pandemic relief and speedy vaccine rollouts under the new Biden administration would lead to continued risk upside. Investors also…
What Could Yellen Say To Move Markets During Nomination Hearings Tomorrow?
Janet Yellen’s nomination hearings, which begin tomorrow at 10amET, are sure to be the usual parade of partisan back-slapping and gotchas. It is clear from leaked remarks which direction she is heading. Bloomberg reports that the former Fed head will tell the committee that the U.S. economy has been suffering from entrenched inequality – and…
Global Markets, S&P Futures Flat With US Markets Closed For MLK Holiday
US cash markets may be closed for Monday’s MLK holiday, but US equity futures are humming and at last check they were unchanged from Friday’s close at 3, 762 after earlier dropping as much as 20 points. “Markets needed a breather or even a pull back to justify reflationary expectations,” said Ben Emons, managing director of…
Spanish Energy Markets Roiled Amid Chilling Temps
A cold snap across Spain is expected to last through mid-January has resulted in natural gas prices more than doubling in the last week, according to Bloomberg. LNG prices trading at Spain’s Punto Virtual de Balance (PVB) gas trading hub hit a record 51.55 euros ($63.13) a megawatt-hour this week, or $18.54 per million British thermal units…
In Surprise To Markets, BOJ Buys Smallest Amount Of ETFs In Four Years
The Bank of Japan bought just 50.1BN yen of ETFs on Monday – the first day of 2021 – the smallest amount it has bought in more than four years on a day when it has made a purchase as part of its ETF buying program. The reason this is notable is two-fold: i) it…
Only One Number Mattered To Global Markets In 2020
Authored by Robert Burgess, op-ed via BloombergQuint.com, When it came to financial markets in 2020, the most frequently asked question was why. Why, in the midst of a global pandemic that has killed some 1.7 million people worldwide and plunged the economy into the worst crisis since the Great Depression, did equity markets stage a historic rebound to reach…
Danger Ahead as Markets Detach from Fundamentals
By Clint Siegner Americans may start the New Year without certainty as to who will be sworn in as president on Inauguration Day. President Donald Trump and his supporters can’t find courts willing to consider their evidence of widespread voter fraud. Trump is not likely to concede. The battle continues in the courts and in…
2020 Is Ending With 93% Of Global Economies Contracting … With Markets At All Time Highs
By Tyler Durden As BofA’s European credit strategist, Barnaby Martin, puts it in one of the final issues of his European Credit Strategist report for the year, “2020 is ending with one of the most predictable and potent themes of the last decade: central bank activism.” Case in point: on Thursday the ECB doubled down…
2020 Is Ending With 93% Of Global Economies Contracting… And With Markets At All Time Highs
As BofA’s European credit strategist, Barnaby Martin, puts it in one of the final issues of his European Credit Strategist report for the year, “2020 is ending with one of the most predictable and potent themes of the last decade: central bank activism.” Case in point: on Thursday the ECB doubled down on more of…
JPMorgan Warns Crowded Trades And Euphoric Consensus Are The Biggest Threats For Markets
Last month, during our 13-F postmortem, we showed that just as hedge funds had gone all-in stocks, or rather a handful of momentum stocks, resulting in record gross and net hedge fund leverage… … which also meant a record drop in S&P short interest as any remaining bears have been ritualistically slaughtered in the last…
No, Low Rates Do Not Lead To Higher Earnings Multiples: What That Means For Markets
With the S&P closing Friday at a new record high just shy of 3,700, which as we showed last week translates into a Shiller CAPE ratio now above levels where it was on the eve of the crash of 1929 for the first time since the dot com bubble… … even Goldman has been forced…
A Tale Of Two Markets: Visualizing The Huge Impact Of The Covid Vaccine Across Assets
The story of the market since the March lows has been one of two parts, the first of massive FAAMG/tech/growth/momentum outperformance, and a second one in which value and cyclicals was burst higher; the only question is where does one put the bifurcation point. According to one strategist, Deutsche Bank’s FX strategist Alan Riskin, that…
Investing When Markets Detach From The Economy
Authored by Lance Roberts via RealInvestmentAdvice.com, “The stock market is not the economy.” Such remains the “Siren’s Song” of investors as valuation expansion is the sole driver of the market’s performance. Given that corporations derive their revenue from economic activity, how do you invest when the economy is detached from the economy? I explored this issue in my…
Horseman: “The Bond Bull And Commodity Bear Markets Are Over” – Here’s How To Trade It
After a remarkable start to the year, surging almost 30% when all other funds were tumbling, the fund formerly known as Horseman Global until its recent purchase by CIO Russell Clark (hence its current name Russell Clark Investment Management), has had a turbulent seven months, at one point in the summer even forcing the famously…
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