Equity Markets

WTF Chart Of The Day: Korean Stocks Record High Edition

In early 2016, when Kim Jong Un was hitting the headlines almost daily with threats (and missile tests), the Korean stock market tumbled reflexively as 'risk' was priced into equity markets. That is a very different picture to what is happening now. As the threat of global thermonuclear war surges amid US-North Korean tensions, 'investors' are piling into South Korean stocks, sending the KOSPI to a new record high...

Will Trump's Tax Plan Pass: Here Is The Complete Probability Matrix

With investors asking "what is the probability of the Trump tax deal getting done?" it turns out that is the wrong question. As Morgan Stanley shows, the outcome from Trump's tax proposal is not binary but rather leads to the following nine distinct possible results.

Global Stocks Pause Ahead Of GDP Report; Nasdaq Hits Fresh Record High

Despite yesterday's whopping beats by Amazon and Google which sent the Nasdaq to new record highs after hours, this morning futures S&P futures are little changed ahead of the closely watched Q1 GDP report, European stocks and Asian equities are slightly lower, oil is higher after Russia said it had reached the 300kbpd oil cut per the OPEC pact, and the dollar was modestly in the red.

5 Actual 'Facts' About Tax Reform

Investors want to see corporate tax reform (including repatriation relief) succeed. Individual tax reform is a “Nice to have” but negotiations there could derail the corporate side.

Stocks Dazed After Trump NAFTA Flop, Tax Plan Disappointment; ECB Looms

European shares are lower, pressured by disappointing results by Deutsche Bank and ending a six-session gain, as Asian equities and S&P futures were little changed after a record-setting rally in world stocks which pushed the MSCI World index to over $50 trillion yesterday, fizzled after Trump released unconvincing tax cut plans prompting traders to "sell the news" while caution set in as the ECB met.

Playing The Game To Win - "I Made My Money By Selling Too Soon"

"There is no doubt that the market can grind higher to more dizzying valuations. However, there is also strong historical evidence that this market will normalize to average valuations. In the wisdom of Bernard Baruch, there are times when you “make your money” by not losing it. Perhaps more importantly, you preserve the ability to buy when better opportunities present themselves. "

World Stocks Hit All Time High, S&P Futures Rise To Within 1% Of Record

World stocks hit a new record high on Tuesday, with investors still cheering Macron's victory in the first round of the French presidential election, supported by speculation about U.S. tax reform and the overnight report that Trump has conceded on the border wall, eliminating a government shutdown as a potential risk.

Euphoria Returns: European Stocks Soar, Dax Hits Record; S&P Futs Surge In "French Relief Rally"

Risk is definitely on this morning as European shares soar, led by French stocks a new record high in Germany's Dax, and S&P futures up 1.2% after a "French relief rally" in which the first round of the country’s presidential elections prompted investors to bet that establishment candidate Emmanuel Macron will win a runoff vote next month. Asian stocks also surged, expect for China, which suffered its biggest drop of the year, down 1.4%, ending the streak of losses no greater than 1% going back to December.