India

Global Stocks, US Futures Rise Despite Growing Political Tension In Europe

In a relatively quiet session, which may see US traders sleep in a bit after last night's Superbowl thriller, European and Asian shares rose ahead of Mario Draghi’s testimony at the European Parliament, while US equity futures were fractionally higher (up 0.1% to 2,293) after stocks jumped the most in a week, as traders assessed the trajectory for interest rates while scrutinizing every new Trump tweet.

The Market Wizard's Wizard - An Interview With Jack Schwager

"...someone with a great risk-adjusted return might have employed a strategy of selling way out-of-the money puts on equities since late 2008. That strategy would have produced great return/risk performance, almost like a money machine, but the trouble is that type of strategy also embeds a large tail risk. So even though the track record of this strategy would show low volatility, there would be the risk of catastrophic losses... Ironically, many strategies with low volatility are the most susceptible to event risk.

India Is Not The Next China

"Intellectuals should engage in some self-reflection on why they have been consistently wrong about India... There is no point in holding out much hope for India. Rather, it is ever easier to conclude that it is on the way to becoming the next banana republic, similar to neighboring countries such as Pakistan, Bangladesh, Sri Lanka, Myanmar or Nepal."

Will Donald Trump Reverse The War On Cash?

"The War on Cash is a mortal threat to individual and economic liberty. I think its advocates are clearly sociopaths and enemies of the common man. Unfortunately, I don’t see the war slowing down. I see it heating up."

GoldCore's picture

Last week a new phrase was introduced into our lexicon by Trump Adviser Kellyanne Conway. When asked about why press secretary Sean Spicer had made statements that were (according to the press) unverifiable she said that he had used ‘alternative facts’.

The History Of Money (In One Simple Infographic)

The history of money includes many monetary experiments that have taken place since ancient times... Some innovations have stood the test of time – precious metals, for example, have been used for thousands of years. Other experiments didn’t have much staying power. The adoption of strange currencies such as squirrel pelts, cowry shells, or parmesan cheese are only remembered for their peculiarity.

The First Firestorm

But by whatever slurs they are called, Middle Americans seem prepared to fight. And history shows that such people do not calmly accept the loss of what is most precious to them - the country they grew up in, the country they love. They have turned to Trump to lead them. Ten days in, and already it is “Game On!”

Frontrunning: January 31

  • Trump Fires Acting Attorney General, Deepening U.S. Immigration Conflict (BBG)
  • Trump set to name U.S. high court pick as Democrats plan fight (Reuters)
  • Bonds Slump as Stocks Gain Favor (BBG)
  • Euro-Area Inflation Surges to 1.8%, Intensifying ECB Debate (BBG)
  • Trump Must Choose Between Farmers and ‘Big Meat’ (BBG)

Futures Fall On Rising Trump Uncertainty; Europe Stocks Rise As Euro-Area Inflation Surges

European bonds fell and stocks rose led by banks and retailers as surging inflation data prompted investors to switch into reflationary assets even as speculation about ECB tapering has returned. Asian stocks and US equity futures declined. The Yen and gold advanced after Trump’s firing of the U.S. acting attorney general added to concern over the unpredictability of decisions in the new administration.

Say Hello To China's ICBMs

China's alleged deployment of a DF-41 strategic ballistic missile brigade to Heilongjiang province, bordering Russia, triggered a fascinating spectacle; how to spin – or not to spin - what necessarily represents a milestone in Russia-China's strategic partnership.

Why The Cold War Between Tech CEOs and Trump Is About To Go Nuclear

The reason for the simmering cold war between tech CEOs and Trump can be summarized in just three letters: H1-B. According to Bloomberg, Trump's administration has drafted an executive order aimed at overhauling the work-visa program which will truly unleash tech CEO fury.

Global Stocks, Futures Slide On US Protectionism Worries Following Trump Travel Chaos

European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan.  Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday.