June 20, 2019
Although the money and bond markets appear to be “chomping at the bit” for a rate cut, expectations for such action at the just-completed FOMC meeting were low. Rather, the focus was on whether the policy makers would be making any changes to their Federal Funds’ Rate projections, or blue dots, for the remainder of this year and 2020.
June 20, 2019
The Federal Reserve said it would freeze the key US interest rate in place on Wednesday – although it conceded that rates might ultimately trickle downward this year. There’s been much consternation among investors about which way the US central bank would go.
June 20, 2019
Arcview Market Research and BDS Analytics have published the seventh edition of their “State of Legal Cannabis Markets” report.In regulated markets, U.S. cannabis sales surged by 20% in 2018 and are on track to jump by another 36% this year, the report said.
June 20, 2019
June 19, 2019
June 19, 2019
June 19, 2019
In recent weeks, renewed trade concerns, slowing oil demand, and a notable acceleration in implied U.S. oil production have spurred a material sell-off in oil. Similar concerns caused oil prices to drop at the end of last year, which prompted OPEC+ (i.e., the Organization of the Petroleum Exporting Countries plus 10 additional oil-producing nations) to cut production, reversing policy set earlier in the year of increasing output ahead of a reintroduction of sanctions on Iran.
June 19, 2019
It’s decision day — and we’re not talking about NBA free agents, college recruits, and the like. We’re talking about the Federal Open Market Committee (FOMC), which will be communicating a monetary policy decision at 2:00 p.m. ET.
June 19, 2019
June 19, 2019
June 19, 2019
June 19, 2019
June 18, 2019
All eyes will be on this week’s US Federal Reserve (Fed) meeting — especially the statement (whether the central bank will retain its “patient” stance) and the “dot plot” (which charts the outlook for interest rates). The June 18-19 Fed meeting is very important because market expectations have gotten so dovish recently.
June 18, 2019
It’s difficult for equity trades to imagine more positive news flow than what we’ve seen this morning: Positive comments from Mario Draghi and the European Central Bank; Presidential tweets meant to further incentivize the Federal Reserve to match the ECB’s rate stance;Positive news on the US/China trade front regarding a meeting between Presidents Trump and Xi, first announced via tweet then confirmed by Chinese media.
June 18, 2019
Last year, Huawei’s revenue grew 20% to $104 billion as it overtook Apple in global smartphone shipments. But the company is now expecting sales to decline to “just” $100 billion in 2019 – significantly less than the $120 billion it was previously forecasting.
June 18, 2019
One of the most dangerous games we all can play in investing is the game of looking back and thinking about what we should have done. Hindsight bias leads us to believe that we should have known all sorts of things that there was no way to know at the time, and that leads to conclusions that would have been very difficult to draw with the information that was available then.
June 18, 2019
In the money management industry, the holy grail is outperforming the overall market over a long period of time. For most practitioners, that means beating the S&P 500 Index.
June 18, 2019
June 18, 2019
June 17, 2019
June 17, 2019
The second estimate of 1Q19 U.S. real GDP growth came in at 3.1% q/q saar, slightly below the initial estimate of 3.2%, with an inventory build-up and net exports still providing a big temporary boost during the quarter. Growth has downshifted in the second quarter, although consumer spending remains a bright spot for the economy.
June 17, 2019
A fairly quiet night as Wilbur Ross delivered cautious comments on a deal being struck between Trump and Xi at G-20 meeting. HK head Carrie Lam apologized and delayed the bill that would have allowed for extradition from HK to the mainland which sparked massive protests last week and over the weekend. The bill delay improved HK sentiment overnight.
June 17, 2019
Monday June 17th – Economic Calendar: 8:30 AM EST Empire Manufacturing for June; 10:00 AM EST NAHB Housing Market Index for June; 4:00 PM EST Net Long-term TIC Flows for April.
June 17, 2019
June 17, 2019
Staying on top of corporate events is critical for any investment firm. Academic research has shown that events, as well as event revisions, can affect volatility. Below are examples of how some events can influence stock price.
June 17, 2019
I’ve long been a believer that one should try to follow the message of the market. Much of the time the message is fairly straightforward, but there are periods when the message is conflicted. This seems to me to be one of those periods.
June 17, 2019
