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Here’s Why Short-Term Muni Bond ETFs Might Seem Appealing

Here’s Why Short-Term Muni Bond ETFs Might Seem Appealing

The United States municipal bond market has grown in assets in the final quarter of 2017. It inched up to $3.851 trillion in the fourth quarter from $3.809 trillion in the previous quarter, per a quarterly report from the Federal Reserve. Although municipal bonds are not considered by investors when looking for market-beating returns, the current […]
Jim Grant On The Bond Bear Market, Jerome Powell And Much More

Jim Grant On The Bond Bear Market, Jerome Powell And Much More

Everyone wants to talk about rates these days and it’s no mystery why. The Fed is under new leadership at a pivotal juncture. Balance sheet rundown has commenced and the Trump administration has embarked on what multiple sellside desks (see here, here, and here for a few takes) have described as an ill-advised quest to try and supercharge an already […]
Tesla: Profit Taking Time?

Tesla: Profit Taking Time?

Tesla (Nasdaq:TSLA) could be on the brink of getting Model 3 production on track, but that provides investors with a great selling opportunity. This comes from Morgan Stanley’s Adam Jonas, who cites longer-term concerns about increasing competition. He reiterates his Equal Weight rating and $379 price target on the stock. “We have substantially higher conviction… that the company […]
Stocks Rally Despite Tariff Announcement

Stocks Rally Despite Tariff Announcement

Last week some feared a trade war, a recession, and a bear market. This week all of that has been forgotten as the S&P 500 was up 0.45% on Thursday which was the day of the tariff announcement. President Trump announced that a 25% tariff on steel and a 10% tariff on aluminum would be […]
Citi Asks A Striking Question: We All Know How This Ends, So Why Are We So Slow To Price It In?

Citi Asks A Striking Question: We All Know How This Ends, So Why Are We So Slow To Price It In?

Earlier today, we showed that on the 9th anniversary of the so-called “bull market”, central bank balance sheet accounted for over 40% of global GDP, amounting to no less than $21 trillion. That in itself, should explain why the “most hated bull market” of all time is not a bull market at all, but the world’s biggest […]
Tariffs Are Not Good For Workers

Tariffs Are Not Good For Workers

GBP/JPY: Trading Market Patterns

GBP/JPY: Trading Market Patterns

Every trader sees many market patterns everyday on every time frame. These market patterns all have precise trading entry levels and invalidation levels/stop loss levels. GBP/JPY on the 1 hour chart produced two market pattern breakouts towards the end of February 2018 signalling bears/sellers that the pair was going to extend and make newer lows. […]
Oil & Gas Industry Outlook – March 2018

Oil & Gas Industry Outlook – March 2018

Posting its second annual gain in a row, oil prices closed 2017 up more than 12%. Keeping up the momentum, the commodity got off to a strong start this year with the West Texas Intermediate (WTI) crude futures climbing 7.1% in January. Though the benchmark tumbled 4.8% in February in the wake of a broad […]
Forex Weekly Outlook – Mar. 12-16

Forex Weekly Outlook – Mar. 12-16

The US dollar had a mixed week amid hopes for peace in the Korean peninsula, fears of trade wars and also a mixed jobs report. What’s next? Markets will be digesting the latest news from a busy week before focusing on US inflation. Here are the highlights for the upcoming week. The US Non-Farm Payrolls […]
Week In Review: China Pharma Deals Top $1.5 Billion For Week

Week In Review: China Pharma Deals Top $1.5 Billion For Week

Tianjin Tasly Pharma (SHA: 600535) is in talks to IPO its biopharma division in Hong Kong later this year with the goal of raising $1 billion (see story). If it happens, the IPO will probably be Hong Kong’s largest biopharma IPO this year. Tasly, known for its TCM offerings, has been actively using M&A to expand into biologics. It […]