Wage and CPI inflation, even core inflation, has surprised to the downside four consecutive months. If a recession hits, and that is just a matter of time, outright price deflation is likely. Via email, Albert Edwards of Societe Generale discusses
July 20, 2017
A strong Asian session following yet another record US performance with the added enthusiasm for central guidance from both the BOJ and the ECB. The BOJ left rates unchanged but we did hear them cut the inflation forecast for this
The eBay Q2 2017 earnings and Visa Q3 2017 earnings reports were released after closing bell tonight. eBay reported earnings from continuing operations of 45 cents per share on $2.3 billion in sales, against the consensus estimates of 45 cents per share
Americans like to buy American stocks. Europeans prefer European stocks. And Chinese investors… well, you guessed it, they go heavily into Chinese stocks. This is the essence of a phenomenon called home country bias. As investors, we feel most comfortable buying
U.S. Versus The World With the stock market reaching another record high let’s look at valuations across the globe. As you can see from the chart below, North America has the second highest current P/E ratio and the highest forward
Most Active Equity Options And Strikes For The End Of Day, July 20, 2017
Despite Bank of Japan and ECB talk, and thanks to a tanking VIX, the new normal of utter tranquility in markets continued… Video length: 00:00:02 Soft Data rolled over again today… Draghi didn’t sound dovish enough and EUR spiked,
It took a very long time. Too long. But just in time for the recent G20 meeting in Hamburg on July 7-8, The Economist’s cover page story featured Germany’s persistent current account surpluses as the world community’ new “German problem”;
The ECB and the BoJ are out of the way and generally speaking, most observers think risk assets probably have the all-clear from now until September barring some kind of meltdown at 1600 Pennsylvania Avenue which, honestly, seems just as
The Conference Board Leading Economic Index (LEI) for the U.S again improved this month – and the authors state there will be “continued growth in the U.S. economy and perhaps even a moderate improvement in GDP growth in the second
