As you know, there are a whole lot of people out there who are concerned that the rally in U.S. stocks rests on a shaky foundation characterized by an overreliance on tech. These concerns have found expression in cautious notes from Goldman and
September 4, 2017
Jan Dash PhD is a physicist, an expert at quantitative finance and risk management, and a consultant at Bloomberg LP. In his thought-provoking book, Quantitative Finance and Risk Management, A Physicist’s Approach, he devotes a chapter to climate change and its long-term systemic risk. Jan’s Climate Portal provides background.
An angry China slammed President Trump’s threat on Monday to cut off trade with countries that deal with North Korea, as “unacceptable” and “unfair.” As a reminder, following Sunday’s nuclear test by North Korea, Trump threatened to increase economic sanctions
After Trump’s failed efforts to repeal and replace Obamacare, Trump introduced the “skinny” repeal that calls for doing away with parts of Affordable Care Act (ACA) or Obamacare like “individual mandate,” “employer mandate” and “Cadillac taxes”. Last month, the Republicans
Last week, we noted that the US Dollar Index (DXY) looked likely to have put in a tradable low after the Tuesday ‘spike-and-reverse’ from a zone of major long-term support. By the end of last week this view was further underpinned by
Last week the equity markets had a remarkable reversal of fortune as the SPY and QQQ moved from breaking down under major institutional support levels such as their 50 moving averages, to rebounding to new all-time highs. Additionally, the MarketGauge
“The following is an excerpt from this past weekend’s newsletter. I have several follow up articles coming over the next few weeks that will reference Byron Wien’s comments.” The Rule Of 20 Byron Wien recently asked the question of where we are
Detail of a fresco from the House of the Tragic Poet, Pompeii, 2nd century BC About a month ago, I finished reading former Greek finance minister Yanis Varoufakis’ book “Adults in the Room”, subtitled “My Battle With Europe’s Deep Establishment”,
North Korea’s apparent test of a hydrogen bomb spurred a quick and fairly predictable response by investors, given that the US market was closed for the Labor Day holiday. The funding currencies, like the yen and Swiss franc, were bought back,
In the Currency Strength table, the CAD was again the strongest currency while the NZD was the weakest. There were some significant changes last week with the GBP gaining 3 points and the USD 2 points. The JPY and CHF lost 2
