USD Dunks On Early Signs Of Another ’Taper Tantrum’
Video Length: 00:06:19 A quick uptick in US Treasury yields the past 24-hours has rekindled memories of the 2013 ‘taper tantrum’ in bond markets when a sharp rise in yields proved to be symptomatic of a greater issue: investors were fleeing USD-based assets as the QE punchbowl was being taken away. As history shows, the […]
Why Natural Gas And Oil Won’t Diverge For Long
Crude oil prices are once again breaking the $62 a barrel level for WTI (West Texas Intermediate, the traded benchmark in New York), while Brent (the most-used global figure set daily in London) is north of $68. Yet natural gas (according to Henry Hub, the US standard), while drifting up slightly today, has been moving […]
Bitcoin Bubble Is About To Burst: Central Banks Could Be The Reason
Bitcoin prices have seen incredible volatility in the last few weeks, but they struggled to go above $14,300 on Wednesday as prices fell nearly 6%. Bitcoin was trading above $17,000 last week, but fell below $14,300 on Wednesday. To put things in perspective, the bitcoin market capitalization has plunged from $294 billion on January 7 […]
Why The Oil Bears Got It Wrong
Oil prices traded at the highest level since OPEC declared a production war on Shale and laughed off an estimate of record U.S. oil production from the Energy Information Administration (EIA). The reason why the oil bears got it wrong was that they underestimated demand and overestimated production. The Bears failed to see that OPEC […]
Morning Call For Wednesday, Jan 10
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 -0.35%) this morning are down -0.40% as a surge in U.S. bond yields spurs long liquidation in stocks. The 10-year T-note yield jumped to a 9-3/4 month high of 2.59% after Chinese officials were said to recommend slowing or halting purchases of U.S. Treasuries. On the positive […]
5 Questions On Debt And Financial Crises
What might trigger the next financial crisis and recession? Private debt tops the list, explains an economics professor who heads the School of Economics, Politics and History at Kingston University. It’s a potent threat, in part because debt has increased since the 2008 financial crisis and interest rates appear poised to trend higher in the […]
Galbraith: The Fed Is Like The Little Dutch Boy With The Finger In The Dike
There hasn’t been inflation in the economy since the early 1980s. It collapsed with the end of the Soviet Union and with the rise of China as a supplier for consumer goods. So the Fed has been patting itself on its back for decades [of] holding back a phenomenon that doesn’t exist. [The Fed is […]
A US Economic Boom In 2018?
For the last several years, I have tried to identify several graphs that most bear watching over the ensuing 12 months. This year, in addition to watching bond yields like everybody else, the data that most bears watching, it seems to me, can be summed up in the question: Is the US economy about to […]
Sensex Ends Day Flat; PSU Stocks Top Losers
After opening the day flat, share markets in India witnessed volatile trading activity throughout the day and ended the day on a dull note. Losses were seen across most sectors with stocks in the auto sector and stocks in the consumer durables sector, leading the losses. While stocks in the IT sector gained the most. At the closing bell, the BSE Sensex stood lower […]
Churchill Downs Incorporated Announces Cash Tender Offer For Up To $500,000,000 Of Its Common Stock
LOUISVILLE, Ky., Jan. 10, 2018 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI”) (Nasdaq:CHDN) announces that it has commenced a cash tender offer to purchase up to $500,000,000 of shares of its common stock. The complete terms of the offer are set forth in the offer to purchase dated today and the related letter of transmittal. […]
