Bank of America

Key Events In The Coming Week: CPI, Retail Sales And FOMC Minutes

The key economic releases this week are the CPI and retail sales reports on Friday. Additionally, the minutes from the September FOMC meeting will be released on Wednesday. There are several speaking engagements by Fed officials this week, including a speech by Chair Yellen on Sunday.

Meet The Next Fed Chair: The Definitive Cheat Sheet

With the race for the next Fed chair in its final stretch, the three frontrunners to replace Yellen are Kevin Warsh, Jerome Powell, Gary Cohn. But what are their views? Here, courtesy of BofA is the definitive cheat sheet profiling the next Fed chair, whoever that may be.

"The End Of The QE Trade": Why Bank of America Expects An Imminent Market Correction

... In short, correction late-17 driven by “as good as it gets” narrative; magnitude dependent on CNY, MOVE, tax reform & degree of “forced selling” by ETFs & quant (7 ETFs accounted for 41% of volume of the top 20 most actively traded US issues in 2017; quant hedge funds & CTAs = $1.3tn AUM = 40% of industry total); right now feels more likely single- than double-digit.

Second Largest Week Of Tech Inflows Ever

The tech scare, which hit earlier this summer, is long forgotten and clearly over because according to the latest EPFR data compiled by Bank of America, the past week saw the second largest week of inflows to tech on record ($1.0bn) and the largest week of inflows was late Jan'17.

Government By Goldman

"...now Cohn’s in charge of the economy and talking about eliminating financial reform and basically putting the country back to where it was in 2005, as if 2008 didn’t happen. I’ve started the countdown clock to the next financial crash, which will make the last one look mild."

US Fires Latest Shot In China Trade War: Warns Beijing Is "Threat To World's Trading System"

It's been at least a few weeks since the topic of trade war with China dominated the news flow, so moments ago U.S. Trade Representative Robert Lighthizer decided to poke that particular wound, in during a speech in Washington said that "China’s coordinated effort to create national champions and distort markets is a threat to the world’s trading system."