Deutsche Bank

Which Hedge Funds Are The Biggest Holders Of ETFs

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.

So Many Triggers

The question is not “if” but “when.” In the end, it will matter little which trigger it will be, as, like a string of firecrackers, when one explodes, a chain reaction is set off.

Financial Market Insurance Is Not Like Hurricane Insurance

"..the hurricane is not more or less likely to hit because more hurricane insurance has been written. In the financial markets this is not true. The more people write financial insurance, the more likely it is that a disaster will happen, because the people who know you have sold the insurance can make it happen. So you have to monitor what other people are doing.”

Government Shutdown Odds Are Rising, Goldman Warns

"A shutdown would send  another signal to markets that Republicans may not be able to enact their agenda, lowering expectations for tax reform and an infrastructure program. We believe Congress is more likely to meet the deadline, but see a one in three chance of a shutdown."

From "Dissensus" To "Democrazy": A Warning From Deutsche Bank

As anger and resentment continues to pile up after the recent "populist" disappointments, just how will the massed millions express their frustrations and anger with a system which is more broken - both politically and economically - by the day? Unfortunately, the all too obvious answer is most likely the correct one.

Stocks Swing As Latest Truck Terrorist Spooks Markets

First down after the Syrian air strikes, then up (within minutes after the open) despite a poor jobs number, then down once more on the latest "Truck Terroist", now going back up again, stocks can't make up their mind this morning what to do.

Frontrunning: April 7

  • U.S. fires missiles at Assad airbase; Russia denounces 'aggression' (Reuters)
  • Congress Supports the Airstrikes, Debates What Happens Next (WSJ)
  • Trump’s Syria Strike Sends Not-So-Subtle Warning to U.S. Rivals (BBG)
  • Russia Halts Cooperation With U.S. on Syrian Air Operations (WSJ)
  • Syria Says Strike Kills Five, Damages Air Base (WSJ)

Frontrunning: April 6

  • Senate Set to Vote to Eliminate Supreme Court Filibuster (WSJ)
  • Trump’s Xi Summit Tests Promises on Trade, North Korea  (BBG)
  • Is North Korea putting a nuclear-tipped bargaining chip on the table? (Reuters)
  • Why Xi Jinping Must Tread Carefully When He Meets Trump  (BBG)
  • China Market Access in Spotlight as Meeting Nears  (BBG)
  • Trump Rethinks Foreign Policy After Syria, North Korea Crises (WSJ)

Frontrunning: April 5

  • No big bets ahead of Trump-Xi meeting; oil, metal prices firm (Reuters)
  • Senate on the Brink of ‘Nuclear Option’ in Gorsuch Vote (WSJ)
  • Le Pen Ambushed on Euro in French Debate (BBG)
  • Trump touts coal but utilities aren't listening (Reuters)
  • Trump Officials Alarmed China May Bid for Westinghouse Unit (BBG)

China Surge, Rising Oil Push Global Stocks Higher; S&P Futures Flat As Fed Minutes Loom

European stocks rebounded after a downbeat start, aided by a return to the post-Euro open momentum ignition in the USDJPY while Asian stocks rose after China shares surged 1.5%, the most since August. For now S&P futures are fractionally in the red, although we expect them to turn progressively higher as US traders get to their desks to frontrun the now traditional "post open" ramp.

Futures Slide As Weak Start To Q2 Continues Amid Global Growth, Political Jitters

Global stocks were pressured by a poor start to the second quarter in the US, where carmakers reported disappointing sales data, slamming auto stocks around the globe. The selling has persisted for a second day, with Asian stocks, S&P futures fall and European shares all partially in the red today after their biggest decline in two weeks.