Equity Markets

Stocks Drop After Fed Minutes, Bonds Unchanged

Despite the warning by "some" Fed members that stocks are "quite high", and another even more implicit warning, that the Fed may have to revise its forecast if "financial markets were to experience a significant correction", the market's initial reaction to the Fed's warning was to ignore it, although in recent minutes there has been a modest acceleration to the downside across equity markets.

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.

UBS Blames Fed For "Crisis High" Subprime Defaults; Says Auto Is Just The Beginnning

While the Fed's misguided QE and interest rate policies have done a masterful job of creating asset bubbles around the world over the past several years, they've done precious little to actually stimulate economic or wage growth, in real terms...which is why UBS says that subprime defaults on everything from auto loans to student loans are about to get a whole lot worse.

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.

Global Stocks, US Futures Rise On First Day Of Q2 As Trump-Xi Meeting Looms

After the best quarter for US stocks since 2015, global equities have started off Q2 on the right foot, despite caution about the upcoming meeting between President Trump and China's Xi Jinping later this week, and Fed Minutes which are expected to be more hawkish than the FOMC statement.

Julian Brigden: "This Is What The 'Armageddon Scenario' For Markets Looks Like"

"My base case is always been that you don't get to the Armageddon scenario with weak data. You actually get to the Armageddon scenario when you actually get strong data. The end game for markets, the most dangerous toxic scenario for markets comes when you've got vastly inflated prices and central banks actually need to hike. "

Is Public Equity A Broken Concept?

At its core, the social compact between public equity markets and society is simple: over time, any investor should have access to the equity of important enterprises created by that society.  If that isn’t happening by virtue of some misalignment of incentives, then those need to be fixed.  The alternative – that the winners stay private but the losers are public – is untenable.  Investors will choose to hoard cash and capital will slowly stop circulating to its best possible use.

As Market Tumbles, Investors Rush Into Safe Haven SNAP After Mass Wall Street Upgrade

While US equity markets are shuddering under the uncertainty of President Trump's agenda, it appears investors have found a safe haven for their hard-gambled retirement funds. Following a series of upgrades, overweights, and "buy" recommendations from Wall Street's biggest and brightest commission-takers, SNAP shares are soaring - back to their post-IPO open at $24.

Global Stocks Slide, S&P Futures Tumble Below 50DMA As "Trump Trade" Collapses

Global stocks are lower across the board to start the week, as concerns about Trump's administration to pull off a material tax reform plan finally emerge, pressuring S&P futures some 20 points lower this morning, following European and Asian shares lower, while crude oil prices fall unable to find support in this weekend's OPEC meeting in Kuwait where a committee recommended to extend oil production cuts by another 6 months.