Global stocks rebounded over most of the week as tensions surrounding trade and EM contagion abated. Investors welcomed Treasury Secretary Mnuchin’s invitation to host additional talks with China, as well as the Turkish central bank’s decision to sharply increase rates
September 14, 2018
Talking Points: $133 million trade loss was enough to wipe out safeguards maintained by the clearing house The event will draw the scrutiny of regulators looking to avoid similar instances The inability of the clearing house to cover the losses suggests
Political headlines and trade fears are dominating the headlines in today’s North American session, leading to a slight risk-off tone despite a positive open for risk assets. As a result, we’ve seen the US dollar, Japanese yen, and Swiss franc
Industrial Production in the United States increased by 4.9% year-over-year in August 2018. That’s the best for American industry in 92 months going all the way back to December 2010. Hurray for the boom. As with retail sales, August was in
All through the summer we had a “top-test” view on the primary US stock index, the S&P 500. We were 100% right on that; SPX spent all summer grinding upward to that test. That is where the would-be market genius aspect of the
“Many people think of our times as being the last before the end of the world. The evidence of horror all around us makes this seem possible. But isn’t that an idea of only minor importance?Doesn’t every human being, no
Top tickers for end of day: AAPL, FTV, GE, AMD, DVN.
Hurricane Florence has wreaked havoc on the coast of the Carolinas where conditions are fast deteriorating. Florence, the first major hurricane to threaten the eastern United States this year, has now downgraded to a Category 1 storm. Still, it may
Last week we discussed why even as the stock market ramped to new all time highs, hedge funds found themselves badly underperforming the S&P, and are now not only more than 5% below their January highs, but remain red for the year
