Kocic: Complacency Has Declined Sharply – But You Probably Didn’t Realize It
Back in June, Deutsche Bank’s Aleksandar Kocic set out to quantify complacency. While there’s certainly been no shortage of commentary containing the term “complacency” from analysts and pundits, the idea of putting a number on it was new. Kocic’s approach was relatively straightforward and his note (which you can read in the linked post above) explaining the rationale and […]
That’s Odd, I’ve Seen That Curve History Somewhere Before
Orthodox monetary theory tells us that central banks matter, a lot. Monetary policy is supposed to be the difference in everything from economy to currency. If one central is doing one thing and another central bank something different, it is presumed the only necessary information to infer what markets and therefore economies might do in […]
Snap Inc. Shares Rise As Teen Facebook Users Migrate To Snapchat
Investors who have held Facebook (FB) shares for years are probably well-accustomed to concerns that the social network is falling out of favor among teens, which date back years, but these concerns have resurfaced this week. One firm predicts that for the second year in a row, this key demographic of Facebook users may actually cut […]
Looking To Volatility Futures For Answers
Video length: 00:07:24 The tone of the markets has changed. We are seeing higher levels of stock correlation and volatility products are all pointing towards risk. Watch tonight’s video as we look towards the volatility futures to answer the question; are we in store for a more serious downward move in markets?
Treasury Snapshot: 10-Year Yield At 2.17%, Lowest Since Late June
Let’s take a closer look at recent activity in US Treasuries. The yield on the 10-year note ended the day at 2.17% and the 30-year bond closed at 2.75%, both their lowest since late June. Here is a table showing the yields highs and lows and the FFR since 2007 as of today’s close. […]
U.S. Banks Precious Metals Derivative Exposure Surged In The Beginning Of 2017
According to the most recent report on the U.S. Financial Institutions Derivatives trading activity, the U.S. banks held a record amount of precious metals contracts in the first quarter of 2017. Not only did the U.S. banks report a record amount of precious metals contracts, they also held a record amount in notional value of […]
5 Cheap Dividend ETFs For An Uncertain Market
Volatility and uncertainty have raised the appeal for dividend investing lately. Though the broad equity markets are showing up after two consecutive weeks of losses on steady economic fundamentals and renewed hopes of U.S. tax reform, geopolitical tensions and doubts over Trump’s administration continue to weigh on stocks. In such a scenario, dividend-paying securities are […]
Intense Bargain Or Value Trap?
As value managers, we are often asked if a company whose stock price is down substantially is a value trap. This is especially true when we are auditioning new holdings. We like to buy a company with a long history of success when it falls deeply out of favor for one reason or another. We […]
$450 Billion Loophole To Cut Taxes
Tax Cut Talk Heats Up The rally in stocks on Tuesday was said to have been caused by the tax cut talk. The S&P 500 rallied 0.99% and the Nasdaq rallied 1.36% as both inch closer to revoking the 2% selloff. I don’t know how much of the rally is about the tax cuts because the economic […]
