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Archives by Year:
Treasury 10yr-2yr Yield Spread Continues To Slide
The gap between the 10-year and 2-year Treasury yields fell to 57 basis points on Monday (Dec. 4), according to Treasury.gov’s daily data. The dip marks yet another post-recession low for this widely monitored spread. The flattening of the yield curve implies that the economy is facing stronger headwinds, based on the spread’s history vis-à-vis […]
Bailins Coming In EU – 114 Italian Banks Have NP Loans Exceeding Tangible Assets
– Italy opposes ECB proposal that holds banks to firm deadlines for writing down bad loans – Italy’s banks weighed down under €318bn of bad loans – New ECB rules could ‘derail’ any recovery in Italy’s financial system – Draft proposal requires banks to provision fully for loans that turn sour from 2018 – ECB insists banks […]
On Verge Of A Monthly Breakout
Back in December of 2015, I wrote that the spike down to $26 a barrel for oil was a generational bottom and a point that we would look back at and wonder why we did not buy oil when it was that cheap. Of course, at that time it was hard to see that there […]
Morning Call For Tuesday, Dec. 5
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.08%) this morning are up +0.08% as U.S. House and Senate lawmakers begin work on a compromise to tax-overhaul legislation. European stocks are down -0.36% as a slump in copper prices fuels a decline in mining stocks and commodity producers. Mar COMEX copper (HGH18 -2.04%) is down -2.10% at a 2-month low on […]
Realizing Synergies From Big C Acquisition
Background Berli Jucker Public Company Limited, founded in 1882 is a manufacturing, trading and retailing conglomerate. It acquired Thailand’s third biggest supermarket chain Big C in May 2016. BJC is also engaged in packaging manufacturing including glass and plastic solutions. Its consumer and healthcare units produce snacks, beverages, and stationery items. Business Description Retail business […]
Sterling Sold On Negotiating Snafu, Aussie Bounces On Retail Sales And RBA
The US dollar is confined to narrow ranges against the euro and yen, straddling unchanged levels in the Asian session and the European morning. The action is elsewhere. The British pound is the weakest of the majors, paring 0.4% against the greenback, though around $1.3425, it can hardly be considered weak. A month ago, sterling was a […]
4 ETFs To Gain From CVS-Aetna Deal
The healthcare space is consolidating with the latest development being the potential buyout of Aetna (AET – Free Report) by CVS Health Corp (CVS – Free Report). A drug chain and a pharmacy giant CVS has agreed to acquire the nation’s third-largest health insurer Aetna for $207 per share or $69 billion. This would be the biggest deal of […]
U.K. Services Slow In November Amid Rising Prices
The U.K. largest sector, services sector, slowed in November amid rising price pressures, the IHS Markit reported on Tuesday. The services Purchasing Managers Index contracted from 55.6 in October to 53.8 in November. This was below the 55 predicted by most economists and suggests economic uncertainties continued to impact business activities in the month. While the economy […]
Tax Euphoria Fades As Tech Rout Spreads
One look at S&P futures this morning reveals an unchanged market, however it is again the violent sector rotation that is taking place behind the scenes that is the real story, with defensive sectors real estate, retail, food, utilities outperforming while investors continue to bail and book profits on tech stocks after sharp gains since […]
Market Risks That Wall Street Is Overlooking
The stock market just keeps on rising, and has been on that course (overall) for almost 10 years now. New records are set almost daily, and while this looks good on the surface, high valuations, soaring debt levels, and geopolitical uncertainty are all lurking down below. Today’s article was inspired by an interview I recently read […]
