USDJPY: The pair continued further higher on the back of its Friday strength on Monday. USDJPY faces recovery threats towards key resistance. On the downside, support comes in at the 112.00 level where a break if seen will aim at
February 15, 2016
Wishful thinking has been an integral driver of the “recovery” 2009-2015: asset bubbles aren’t bubbles, central bank policies are brilliantly successful, unemployment has dropped to levels of full employment, and so on. The problems with wishful thinking that I describe in my
In my first job as a municipal bond analyst and strategist a key datapoint to consider was the steepness of the yield curve! When the curve was at its steepest, investors would be ‘getting paid’ in the form of higher yields to
The oil-led Friday rebound was highlighted by a seemingly desperate “road-show” of analysts and government officials, amid suspicion from experienced or geopolitically-informed observers, who remain skeptical that any important ‘low’ is in. Now, many believe that’s the case for the S&P;
(Running length 00:23:52)
The risk budgets this month are unchanged. For the moderate risk investor, the allocation between risk assets and bonds remains at 40/60 versus the benchmark of 60/40. While the BofA ML High Yield Master II OAS did widen significantly since
“What is going on?”, Deutsche Bank (DB ) asks, in the bank’s latest European equity strategy snapshot. Investors, Deutsche says, can’t seem to figure out why it is that European equities have plunged by some 20% since peaking in November. The
The United Kingdom and Germany During the day today, we get several announcements of the United Kingdom, including CPI and PPI. We also get economic announcements out of Germany, so it’s very likely that the market will focus on these
Stocks officially entered a bear market last week, at least as measured by the MSCI World index. But then that isn’t exactly news in a lot of places on the globe with various markets around the world having eclipsed the
