Category Archive: Finance
Eric Peters: “This Is The Nightmare Scenario For The Next Fed Chair”
While we will have much more to share from the latest weekend letter by One River’s Eric Peters shortly, we found the following section on inflation vs asset bubbles – a topic which BofA’s Michael Hartnett has been focusing extensively on in the past year and which serves as the basis for the “Icarus Rally” […]
Euro Awaits CPI Release As Last Pit-Stop Before ECB Next Week
Fundamental Forecast for EUR/USD: Neutral – The Euro finished in the middle of the pack last week again, with EUR/USD rising by +0.76% and EUR/GBP losing -0.90%. – According to the CFTC’s COT report, net non-commercial Euro longs rose back to their highest level of the year during the week ending October 10, 2017, and the highest since May 2011. – Retail positioning points […]
The Final Straw For Mallinckrodt?
When it rains it pours for Mallinckrodt (MNK). Last month a Delaware judge invalidated 11 patents pursuant to Inomax, one of the company’s top-selling treatments; it could pave the way for Praxair (PX) to offer a generic version. The Journal of the American Medical Association (“JAMA”) followed that up by questioning the effectiveness of Acthar […]
Startup Nation: The Most Valuable VC-Backed Company In Each US State
by Dana Olsen, PitchBook Nine of the 10 most valuable VC-backed companies in the US are in California-and the other is in New York. This lack of geographic diversity isn’t surprising, but it does mean the other 40-plus states and regions don’t get a lot of attention from the tech community. To highlight startups in […]
Lackluster New Zealand CPI To Undermine NZD/USD Recovery
Fundamental Forecast for New Zealand Dollar: Neutral New Zealand’s 3Q Consumer Price Index (CPI) may undermine the near-term rebound in NZD/USD should the data print encourage the Reserve Bank of New Zealand (RBNZ) to carry the record-low cash rate into 2018. With market participants forecasting an annualized print of 1.8%, a marginal uptick in the headline reading for […]
Forex Weekly Outlook October 16-20
The mixed U.S. economic data and political uncertainty continued to weigh on the U.S dollar. Even though activities in the manufacturing sector rose to a 13-year high in September and services sector expanded at the fastest pace in 12 years last month, the consumer prices rose just 0.5 percent in the month, below the 0.6 percent projected by experts, suggesting that […]
Weekly Analysis Of Gold
Gold prices rose $9.91 an ounce on Friday, up for the sixth straight session to $1303.29, as a softer dollar lured investors back into the market. The minutes from the U.S. Federal Reserve’s September meeting contained no big surprises. Fed members generally agree that a 0.25% December interest rate hike is warranted but they don’t […]
‘Good Luck Out There’: Full Week Ahead Preview
Barring some kind of Trump-related disaster overnight, the first thing to watch this week will be Catalonia. As a reminder, Puigdemont has until 10:00 (08:00 GMT) on Monday to “clarify” exactly what he has “declared” or not “declared.” Assuming he has indeed “declared” something, he’ll have until Thursday to “un-declare” it or else Madrid might […]
Earnings Rubber Hits The Road This Week
After steadily inching its way higher over the last few weeks, we are entering the first week where we have a meaningful number of 3Q 2017 corporate earnings. While we will have additional September economic data that we’ll use to weave together our 2017 GDP tapestry and assess the Fed’s likelihood of boosting rates in […]
Hedge Fund CIO: “Never In Human History Have So Many Things That Weigh Nothing Had So Much Value”
Returning to the world of investing and market commentary one week after surgery, One River’s CIO Eric Peters touches on some of the most topical issues, including his latest take on bitcoin and money in particular, and the definition of value (which is increasingly more weightless) in general, the deflationary impact of tech on prices […]
