In order to establish stability and turn Venezuela’s economy around, runaway inflation must be stopped in its tracks. After all, stability might not be everything, but everything is nothing without stability.
Jjust how overvalued the market is at this moment? Here is the answer broken down in 20 different valuation metrics, however as BofA notes, "valuations typically matter little in the final stage of a bull market" where the bank believes the market finds itself now.
Direxion announced that effective Thursday, daily creation orders in the Direxion Daily Junior Gold Miners 3X Levered ETF (JNUG) are temporarily suspended until further notice. The stated reason: the suspension "is due to the limited availability of certain investments or financial instruments used to provide requisite exposure."
At this stage folks who think the Trump Jump effects are real seem to be missing the big reality – nothing in Washington has changed: the diverse and loosely aligned lunatic fringes of the Republician party mean policy Gridlock remains the reality.
S&P futures extended their Wednesday decline, dropping in the overnight session with banking shares in focus ahead of results from JPMorgan and Citigroup. European stocks likewise retreated along with the dollar, while Asian shares were mixed.
If ever the markets needed a long weekend it’s right now. And if liquidity conditions and the anecdotal lack of interest in new positions are any guides, traders have been heading for the hills all week. Still, there are some lessons to be learned from the past few days, so it shouldn’t be a total loss.
Despite complaints by hedge funds that ETFs are eating their lunch (and dinner), an interesting observation emerged in a new reported from Deutsche Bank: Hedge Funds are allocating increasingly more capital toward ETFs. This post shows why, and who are the 20 hedge funds with the highest ETF investments.
Something strange happened during yesterday's London PM fix: as spot gold was soaring, the London gold price benchmark waterfalled lower before fixed some $12 below the spot price on Tuesday afternoon as "the auction appeared to become locked in a downward spiral",
S&P futures are unchanged and Asian stocks closed mixed, however European stocks rebounded for first time this week, led by auto stocks after Daimler’s quarterly profit, as a break in alarming political news prompted traders to "swoop" - as Reuters puts it - on equities, cooling a safe-haven rally that saw the yen and gold at five-month highs and bond yields to drop their lowest this year.
Sometime this week the 2,000th exchange traded fund will list on a domestic exchange. It is no exaggeration to say that there are more ETFs than investable stocks listed on US exchanges. Here is how active managers can profit from the relentless takeover of ETFs of the stock market.
With volume starting to fade ahead of Friday's holiday, and geopolitical concerns growing as a US aircraft carrier approaches North Korean, S&P futures pointed to a slightly lower open, in line with stock markets in Europe and Asia.