Institutional Investors

JPMorgan Explains What Causes The Market's 3:30pm Ramp

"... end of day rebalancing means that equity trading becomes even more concentrated at the end of the day as passive funds grow. Passive funds typically rebalance at the end of the day because transacting at the closing price better aligns the performance of passive funds to the performance of the index they track."

Biggest EU Banks Embark On The Mother Of All Debt Binges

Spain’s three biggest banks, Banco Santander, BBVA and Caixa Bank, have got off to a flying start this year having issued €8.6 billion in new debt, seven times the amount they sold during the same period of last year. The last time they rolled out so much debt so quickly was in 2007, the year that Spain’s spectacular real estate bubble reached its climactic peak.

GoldCore's picture

Gold prices continued to shine this week reaching $1,244.70 per ounce and and has posted gains in five of the last six weeks. This week it reached a three-month high – it’s highest since the Trump win and has climbed over 6% this year, beating the gains made in the same period in 2016.

To "Prevent Public Panic", Beijing Orders Banks To Keep Capital Controls Secret

"You must control your forex deficit, but you can't say that SAFE is controlling capital outflows," a high-ranking government official told Chinese bankers. The banks were told to "manage sentiment" to prevent public panic, the banker said, and the banks' research analysts should not broadcast any negative views on the yuan.

BlackRock's Robo-Quants Are On Pace To Post Record Losses

BlackRock’s quant hedge-fund strategies were on track for losses in 2016, according to a monthly client update sent out in late December, and according to Bloomberg, of the five included, four were set for their worst returns on record.

European Stock Markets See Best Start To Year Since 2013

European stocks were panic-bid at the open overnight as hungover New Year's Eve revelers (absent Brits and Swiss who were still on holiday) bought Italian banks, German utilities, and Spanish industrials following the better than expected manufacturing PMIs across most nations. EuroStoxx 50 gained 0.6% - thanks to a spike near the open - for the best open to a year since 2013.

Will Investors Get 'Hustled' By The Pros In 2017?

If you think you’re hearing a wee bit of a mixed message emanating from households and businesses, you’re not losing your marbles. If the stars don’t align perfectly, if the sequel doesn’t best the original, smaller investors might want to wise up to the fact that they’re being hustled by the equivalent of professional gamblers.