Not so long ago, a big Chinese currency devaluation seemed both inevitable and imminent. The story went like this: China had borrowed tens of trillions of dollars in response to the Great Recession and squandered much of it on uncompetitive
March 11, 2016
Is hedge fund performance about to change? While it is too early to categorize this as a trend, there is a subtle shift taking place on the HSBC Hedge Weekly performance list that we’ve been noting. Last week, with nearly
While a strong dollar and global growth concerns—slowdown worries in China, sluggish growth in Japan, and recessionary fears in Europe—are some of the factors behind the slump in demand, the U.S. shale gas boom has boosted U.S. oil output to
Ira Epstein leads us through the day’s precious metal highlights. Video Length: 00:06:34
According to the official spin, traders ‘reconsidered’ what the ECB did this week, and what Draghi had subsequently said, and gleefully cast off all doubts and concerns about risks and started buying equities. Yes, I am sure that this is
Nasdaq risk is dramatically higher than S&P risk at current levels. Despite the exuberant ramp of the last few weeks, the ratio of Nasdaq VIX to S&P VIX is at its highest in over 6 months. This is worrisome since the
On Wednesday, you saw what the annual Windsor gathering of energy executives, ministers, and ambassadors agreed on were the most important “shifts” in the energy sector today. But one topic got more attention during my briefing than any other. And I wasn’t
Veteran trader Dennis Gartman appeared on CNBC Futures Now yesterday and he made it clear right up front that he is not a “gold bug.” I’m not a gold bug. I don’t like the gold bugs. I’m not a believer that the world is
The latest Z.1 data was released yesterday showing that, as of the end of the year, the stock market was still very overvalued, investors were still overly bullish and the S&P 500 was still very overbought relative to its long-term
The risk budgets this month are again unchanged. For the moderate risk investor, the allocation between risk assets and bonds remains at 40/60 versus the benchmark of 60/40. The changes in our indicators since last month’s update have not been
