The State Of China’s Markets
The State of the China’s Markets FacebookTwitterGoogle+LinkedInRedditMore The Governor of the PBoC – Z. Xiaochuan – struck a cautionary note at the China Development Forum on Sunday the 20thMarch 2016. According to him, the Debt/GDP ratio has increased dramatically, and is fast approaching untenable levels. Some other concerns that dog the Chinese economy include an […]
Morning Call For March 21, 2016
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 +0.06%) are up +0.11% at a 2-1/2 month high and received a boost on increased M&A activity after Sherwin-Williams agreed to buy Valspar Corp. for about $9.3 billion. Valspar surged 31% in pre-market trading and Sherwin-Williams is up over 2%. European stocks are up +0.38% on increased […]
Why Stocks And Bonds Are Useless
Looking forward, traditional investments are unlikely to produce attractive returns over the next decade. The days of investing in an S&P 500 index fund and closing your eyes and hoping for the best are over. Stocks are expensive, and interest rates on 10-year Treasuries are near historic lows as well. Frankly, neither stocks nor bonds […]
USDJPY Looks To Cap Weakness At Key Support Zone
USDJPY: With the pair continuing to maintain its downside pressure, further bearishness is envisaged though with caution. However, as long as it can hold and trade above the 110.92/66 support zone, a move higher is likely. On the downside, support comes in at the 111.00 level where a break if seen will aim at the […]
Chicago Fed: US Growth Stumbed In Feb But 3-Month Trend Improves
The US economy continued to expand through last month at a moderate pace, albeit at a rate that’s slightly below the historical trend, according to this morning’s update of the Chicago Fed National Activity Index. The business-cycle benchmark’s three-month average (CFNAI-MA3) ticked up to -0.07 in February, close to The Capital Spectator’s projection. The main takeaway: recession risk remained […]
On The Fly: Pre-market Movers
HIGHER: Valspar (VAL), up 25.6% after Sherwin-Williams (SHW) will acquire the company for $113 per share in an all cash deal… Starwood Hotels (HOT), up 5.9% after Marriott (MAR) and Starwood signed an amended merger agreement… Marriott is up marginally… WL Ross (WLRH), up 3% after announcing that it will acquire Nexeo Solutions… Tesla (TSLA), […]
The Stock Whisper Of The Day: SPY, SAN EWA, FXI, EEM
Hot stocks of the day: SPY, SAN EWA, FXI, EEM Video length: 00:05:21
China Car Sales Suffer Biggest Crash On Record To Start 2016
The dream of transition to a ‘consuming’ economy just crashed into the wall of excess debt and leverage. 2016 has started with a 44% collapse in China passenger car sales. This is the biggest sequential crash and is 50% larger than any other plunge in history. While there is a seasonal effect here obviously, the sheer scale […]
EUR/USD Forex Signal – March 21, 2016
EUR/USD Signal Update Last Thursday’s signals produced a 20 pip winning short trade following the bearish inside bar breaking after the rejection of the resistance level at 1.1338. Today’s EUR/USD Signals Risk 0.75% Trades may only be entered before 5pm London time today. Long Trade 1 * Go long following a bullish price action reversal on […]
Eurekahedge: From Latin America To Middle Earth
The latest report from Eurekahedge tells us that hedge funds worldwide are down year-to-date through February, -1.27 percent. Dividing the industry by geographic mandates, Latin America is the only region to post YTD gains, +1.9% due to a rally in oil and commodities. Table 1, adapted from the report below, gives a more detailed breakdown by region […]
