The Darker Side Of Peer-To-Peer Lending
Peer-to-peer lending refers to an economic transaction in which individual investors lend directly to individual borrowers using online platforms. Yuliya Demyanyk, Elena Loutskina, and Daniel Kolliner illuminate the darker side of such arrangements in “Three Myths about Peer-to-Peer Loans,” written as an “Economic Commentary” for the Federal Reserve Bank of Cleveland (November 9, 2017). Their more […]
Don’t Get Done In By Unintended Overweight Exposure
A few things from around the interwebs over the weekend. First up is a paper from Research Affiliates titled Building Portfolios: Diversification Without The Heartburn. The paper targets a portfolio with a 10% volatility, a pretty low number and because of current valuations believes the way to get there is to have only 27.5% in equities […]
S&P 500 Snapshot: Up 15.3% In 2017
The S&P 500 opened Friday below Thursday’s close and oscillated around a small range throughout the day, closing with a daily loss of 0.34% and a weekly loss of 0.21%. Year-to-date, the index is up 15.34%. The U.S. Treasury puts the closing yield on the 10-year note at 2.40%. Here is a daily chart of […]
Otonomy Just Did Something That’s Almost Never Seen In Biotech
A number of companies had a great week this week in the biotechnology space, including Dynavax Technologies Corporation (DVAX), which finally picked up regulatory approval in the US for Heplisav B, its low dose requirement hepatitis B vaccine, and OncoSec Medical Inc (ONCS), which was able to show that its development stage ImmunoPulse IL-12 asset […]
With Just One Bear For Every Five Bulls, There Is Serious Herd Mentality
The Tematica team has been doing a lot of head shaking lately with the markets doing things that either don’t make much fundamental sense or violate well-established correlations. While we all clearly enjoy seeing the markets go up, we prefer to see confirmation that the upward moves are on steady ground. From falling volumes to […]
China’s Big Bang Bombshell: Beijing Opens Financial Sector To Foreign Ownership, But Why Now?
That was quick. Trump leaves China (only to go back on the offensive about unfair trade practices in his APEC speech) and just hours later Trump’s new Beijing friends announce that foreign firms will be permitted to take majority ownership in Chinese financial firms… well capped at 51% for now anyway. We doubt that this occurred […]
End Of The Day Financial Video – Friday, Nov. 10
Ira Epstein reviews the day’s trading as seen in the major financial markets.
U.K. ETFs In Focus On Lower GDP Growth Forecasts
The European Commission revised its forecast for U.K. GDP growth to 1.5% for 2017 from 1.8% predicted earlier. Moreover, the commission expects GDP growth to fall to 1.3% in 2018 and 1.1% in 2019, as mounting concerns related to a hard Brexit weigh on the economic prospects of the region. Economic Scenario In the third […]
Resistance Is Futile, Retailers Must Work With Amazon: DA Davidson
Yes, Amazon is “unstoppable” and “we are living in the decade of Amazon,” but competing retailers are simply looking at the issue from the wrong perspective, says a D.A. Davidson Institutional Equity Report. The strategy retailers are using now will look very different in the future. Some corporations will find the magical formula and will prosper […]
