One Investor’s Poison Is Another’s Windfall
The introduction of negative interest rates in Japan and the subsequent chance for yields has seen domestic investors move further out on the curve. They have also stepped up their purchases of foreign bonds. In three weeks (through March 4) since the negative deposit rate went into effect, Japanese investors bought JPY4.4 trillion of foreign bonds. This is the second […]
Manic Monday – Waiting For The BOJ, Fed
2:30 AM. That’s what time tomorrow the Bank of Japan will have their press conference to announce their rate decision as well as, potentially, any new stimulus measures. Our own Fed will go 12 hours later (2pm) with Yellen speaking at 2:30 and, in case the markets are going completely off the rails by Friday, we have […]
China’s Growth Slows, No Excessive Stimulus Expected
Despite low growth forecasts, Chinese Prime Minister Li Keqiang is depending on structural reforms over economic reforms to keep the world’s second largest economy on track. At the opening session of the National People’s Congress last week in Beijing, Li Keqiang pointed to ‘pragmatic and steady growth’ in the government’s work report for 2015. The […]
Where Is Gold Headed?
Where is gold headed? Kitco fills us in… So, has Kitco sentiment suddenly become a good positively correlated indicator on gold bullishness or is it still a good contrary one? I am curious. “This week, Kitco’s online survey received 1,085 votes, of which 829, or 77%, were in the bullish camp for next week. The […]
Weekly Market Outlook – Cleared Some Hurdles
Weekly Market Outlook – March 14, 2016 Though it didn’t hit the ground running last week, a strong Friday session translated into a fourth straight week of gains. Better still, the S&P 500 (SPX) (SPY) managed to just clear a major technical hurdle, and though it’s ripe for some profit-taking, investors may finally be confident enough […]
Morning Call For March 14, 2016
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 -0.21%)are down -0.15% as investors focus on the outcome of the Fed’s 2-day policy meeting that begins tomorrow. Also, a-1.92% decline in crude oil prices has undercut energy producing stocks. European stocks are up +0.92% as a weak euro boosts automakers and as strength in copper prices lifts mining stocks with […]
Central Bank Rally Fizzles: Equity Futures Lower As Attention Turns To “Hawkish Fed” Risk
The biggest macro development over the weekend was China’s latest “gloomy” economic update, in which industrial production, retail sales and lending figures all missed estimates, however now that we are back to central bank bailout mode, bad news is once again good news, and the Shanghai Comp soared +1.7% among the best performers in Asia […]
Investing In ETFs: The Introduction
I’ve received many questions over the last few years about ETFs: what are they and can you actually make any money investing in them? Let’s go basic first and explain the concept of this amazing items called Exchange Traded Funds (ETFs). They are all the rage in the investing world and actually offer a great […]
Can The BOJ Weaken The Yen?
After the ECB’s big stimulus package beat market expectations but eventually backfired, the focus is on the Bank of Japan. This BOJ meeting is an important one with special guests and more legitimacy to act after Draghi’s move and the worrying data. The market mood has worsened over the weekend, contrary to the upbeat feeling […]
