Stocks Rally Before Fed, BOE & BOJ Meetings
Asian shares began the week in positive territory on Monday, boosted by gains on Wall Street and hints of positive data this week by central banks in two of the world’s three biggest economies. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1 percent, while Japan’s Nikkei stock index added 1.8 percent. In China, […]
60-Day Delinquency Rate In Packaged Subprime Auto Loans Highest In Nearly Two Decades
“Subprime Flashback” A High level of missed payments for recent subprime loans made recently has raised concerns about underwriting standards. As standards have weakened, so have delinquencies. The 60-plus day delinquency rate among subprime car loans that have been packaged into bonds over the past five years climbed to 5.16% in February, according to Fitch […]
Yahoo Core Sale: Will It Or Wont It?
Without going into the boring details of Yahoo’s (YHOO – Analyst Report) sale plans (that investors must know by heart now), let’s jump straight to the question of new board members. Yahoo appointed two new directors to its board just before a crucial meeting with activist investor Starboard Value. The two positions have been vacant since last year when […]
Supply And Demand Report, 13 Mar, 2016
On the week, the prices of the metals didn’t move all that much. However, the move around 6am (Arizona time) on Thursday is notable. The price of silver spiked up from around $15.12 to $15.64—3.4%—by around 8am. Twelve hours later, the price touched $15.73 before sliding off. We are always interested in the fundamentals, as […]
Goldman Warns Its Clients They Are Overlooking “The Largest Macro Market Risk”
In the aftermath of Friday’s market “reassessment” and subsequent surge, when the ECB’s “bazooka” was found quite stimulative for risk assets after all (as opposed to the Thursday post-knee-jerk reaction) one would think that Goldman which still has a 2,100 year end target on the S&P500, would be delighted. Oddly enough, just like Bank of America, Goldman’s reaction […]
Daily Market Analysis – 3/14/2016
Video length: 00:01:31 During the day on Monday, we don’t really have much in the way of economic announcements, so we believe that this market will be very technically driven. Ultimately, this is a market that could be choppy, because we have a lot of things to think about. Without a doubt, the ECB […]
Is There A Limit To Draghi’s Negative Interest Rate Madness?
On Thursday, ECB president Mario Draghi lowered the deposit rate on money parked at the ECB to -0.4% from -0.3%. Draghi also cut the main refinancing rate by 5 basis points to 0%. How low can he go? Is there a limit? There is indeed a practical limit to negative interest rate madness, and it’s […]
Canada`s Changing Financial Landscape, Part 3: Lifecos And Real Estate
Lifecos Although innocent bystanders in the 2008 financial crisis, the life insurance companies were most impacted by the knock-on effects of the fall in equity prices, declines in long-term interest rates, poor credit quality of debt and a general decline in economic activity. As Table 1 demonstrates, the industry remains permanently ( i.e. long lastingly) impaired. Share […]
GBP/USD Forecast March 14-18
GBP/USD posted strong gains for a second straight week, as the pair climbed 150 points. GBP/USD closed the week at 1.4366. This week’s highlight is the Average Earnings Index Employment Change. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. UK Manufacturing Production impressed with a gain of 0.7%, much higher […]
