Archive

March 24th, 2017

The Useful And The Useless

The battle lines are forming... Take away the undeserved from the undeserving and you get a tantrum. Steal the earned from those who earned it and you get righteous rage. One’s a firecracker, the other a volcano.

Wall Street Explains What Today's Failure To Repeal Obamacare Means For Markets

"The fact this bill, which the President has said flat-out he will make it work for all Americans in general, can't pass is an indication this agenda is going to be more ambitious than this Congress can work with.... It is an indication that investors should not expect the kind of velocity in terms of agenda accomplishments they were expecting when he was elected."

Weekend Reading: Lack Of Perspective

"While it is often said it is only “time IN the market” that matters, investors must remember “time” is the one commodity we can not replace."

Watch Live: Paul Ryan Explains Why He Pulled The Health Bill

Following two days of utter chaos in Washington D.C., the Republicans in the House have finally called it quits and laid to rest, at least for now, efforts to repeal and replace Obamacare.  Tune in here as Paul Ryan attempts to explain the failure.

Retail Flows Are Finished: RBC Warns "New Regime" For Stocks About 'Hard' Data & Earnings

'Reflation'-themed fund-flows are fading fast (with equities, cyclicals outflows accelerating), and 'higher rate beneficiaries'-linked bond flows (bank loans, HY, inflation protected) slowing to multi-month lows. As RBC's head of cross-asset strategy, Charlie McElligott notes, their model shows the ETF inflow story is no longer a price-driver of short term stock market pricing... "it's a new regime."