Flattish Market in the Midst of a Fattening Market Multiple
A holiday slate of earnings news hasn’t moved the broader market much, but to the broader point it also hasn’t moved sellers much.
Closing Bell (Dec 20)
T’was The Week Before Christmas
Raw Sugar (SB) Tries Forming 9th Straight Green Weekly Candle
Europe: The Week Ahead (Dec 23-27): Belgian Pharma Sector Set to Support Weak Exports
Looking Ahead to The Next 10 Years
iEdge SG Real Estate 20 Index Rallied 20% in 2019 YTD
The Fundamental Problem for Indexes
Preparing for a 21st Century Retirement – Part 2
How can a planning mindset help investors approach retirement saving? The second and final podcast in our overview of the 2019 Wells Fargo Retirement Study explains.
Instagram to Warn On ‘Potentially Offensive’ Captions
Instagram to warn for “potentially offensive” captions and Facebook introduces Facebook Pay. Welcome to “#SocialStocks,” The Fly’s weekly recap of Wall Street’s reactions to social media stock news.
Early Look: Thursday, December 19, 2019
Stocks appear on track for a higher open after closing mixed on the session late Wednesday, with the Dow and S&P 500 falling into the red just minutes before the close snapping the 5-day win streaks for each, while the Nasdaq manages an almost 0.1% increase, closing at a record 8,827.73.
Worldwide Woes and Debt
One of the most fascinating moves in recent years has been the global tumble in long-term government bond yields to never-before-seen levels. In a number of countries, they fell into negative territory.
10 Stocks Sensitive To Major Developments In US-China Trade Talks
A number of sectors — including tech, biopharma and airlines — traded higher on news of a “phase-one” deal. Here’s a look at some of the stocks that moved on the latest trade war development.
Some analysts expect the US dollar to weaken and the pound to strengthen next year – the latter thanks to the postponed business investment likely to arrive once Brexit is brexecuted.
Is The “Santa Rally” Real?
Closing Bell (Dec 19)
One Aussie Print Doesn’t Make A Trend
AUDJPY Breaks Weekly Chart Downchannel Resistance
Stocks Edge Higher Ahead of Impeachment Vote
Technical Take: Dec. 18, 2019
Tallgrass Investors Catch a Break
Yesterday Blackstone (BX) surprised Tallgrass Equity (TGE) investors by sweetening their offer for the shares they don’t own to match the price they originally paid in March. It marks a victory for Limited Partners in TGE, which retained its partnership structure even though it’s taxed at a corporation so as to avoid issuing K-1s.
U.S. Muni Market: Interest-Rates and Governance – Top Risks of 2020
Earnings Distortion Alert: Avoid This Game Developer
UK Election Result Eases Brexit Uncertainty – For Now
Sterling rallied sharply on the result, which reduces some of the short-term uncertainty that has dominated UK politics and the economy in recent months. The UK parliament should now be able to approve the Brexit withdrawal agreement relatively soon, although questions still remain on how long negotiations with the European Union (EU) on a future trade deal will take once the UK leaves on 31 January 2020.
The End of the Beginning
While the election result reduces Brexit uncertainty significantly, it doesn’t eliminate it. Will there be an extension of the transition period? How will any deal affect the economy? In the meantime, UK banks and sterling, especially wounded since the 2016 referendum, still offer value, while low-yielding gilts look unattractive relative to other government debt, such as U.S. Treasuries.
Gold: Dollar Hedge or Expensive Door Stop?
Depending on who you talk to, gold is either an inflation hedge, a currency proxy, a safe-haven asset or a zero-yielding waste of time and money. Regardless of an individual’s opinion on gold, two things are usually agreed upon.
Unilever – the Anglo-Dutch maker of consumer favorites like Ben & Jerry’s ice cream – announced on Tuesday that its half-baked sales growth would leave investors cold.
Income Monitor: Q3 2019
The beginning of Q4 marked the closing of the Federal Reserve’s second round of interest rate cutting. The Fed cut rates for the third time in 2019 in October. The yield curve steepened with the Fed’s latest round of stimulus. A brief period of flattening gave rise to concerns about the economy, but those fears subsided on stronger domestic economic numbers. The challenge, once again, is how investors find income. We expect the Fed to hold rates steady from here, but there’s close to no real yield from traditional fixed income investments today.