Expected Sideways For Euro
Yesterday’s Trading: The first half of Friday saw the euro down against the dollar significantly. However, by the end of the trading session in Europe, everything was back to how it was. The euro/dollar broke from the 112thgradient at 1.1079. Due to an empty calendar, the mood of the players was set by European and […]
“There Won’t Be A Wave Of Layoffs,” “No Stimulus Is Needed”: China Insists That No One Panic
It would funny to watch as Chinese policymakers attempt to pull off the impossible if it weren’t so downright frightening. Beijing, long the global engine for growth and trade, finds itself at a rather vexing crossroads. NBS protestations to the contrary, the Chinese economy is decelerating rapidly in the face of a massive rebalancing towards […]
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 […]
