As expected, the Federal Reserve, headed by the new chairman Jerome Powell, raised interest rates for the sixth time since the financial crisis by 0.25% to 1.50-1.75%. The central bank hinted at gradual hikes for this year with two lift-offs
March 22, 2018
Having seen the US markets actions to the Fed hike, we had a rather dull response in Asia which resulted in a mixed session. Tech and Real Estate pushed the Hang Seng down just over 1% through on-going data concerns,
It’s easy to see things the way you want, not how they are. Goldilocks or Frankenstein? Think about “peak expectations” Saxo Bank CIO and Chief economist Steen Jakobsen made a presentation yesterday following the Fed rate hike announcement. The macro
Of the three regional manufacturing surveys released for March, all were in expansion. Analyst Opinion of Kansas City Fed Manufacturing Kansas City Fed manufacturing has been one of the more stable districts and their index was unchanged. Note that the
Seemed appropriate… All of a sudden, ‘stuff’ matters: Powell hawkish Trump lawyer resigns Trump trade wars start Funding market stress surges Credit markets spike Facebook new lows Tech tax and regulation The Dow dumped over 700 points on massive
Fed Raises Rates In A Hawkish Hike As expected, the Fed raised interest rates by 25 basis points. In my opinion, the hike was hawkish because the Fed was one vote away from switching its expectations to 4 hikes this
As financial products evolve into increasingly automated and systematic strategies I have begun to notice a big problem – fund managers are increasingly referring to their strategies as “passive”. It’s clear why this is happening – a systematic strategy could
Many have marveled at the massive amount of cash built up on the balance sheets of big tech companies in recent years. It’s truly astounding and almost incomprehensible. When you put together the assets of Apple, Microsoft, Cisco, Oracle and
Shares of private equity giant Ares Management (ARES) are trading higher after the recent spending bill included provisions that private equity firms have been aggressively lobbying over. According to Bloomberg, private equity firms Apollo Global Management (APO) and Ares
Research firm Raymond James upgraded Internet music streaming company Pandora (P) two notches today to a Strong Buy from a Hold rating. The firm placed an $8 price target on the stock, well below the current price of Pandora stock
