Bank of America
Bullish Fund Flows Return With A Vengeance: Largest Equity Inflow In 6 Weeks; Money Put Into Bonds, Commodities
Submitted by Tyler Durden on 10/30/2015 07:04 -0500The bullish fund flows are back. This is how Bank of America summarizes the latest EPFR capital flow sentiment: "Loving Wall Street: $15bn equity inflows + $5bn HY/IG inflows + 6 straight weeks of commodity inflows = investors are "risk-on."
BofA Looks At Europe's Record €2.6 Trillion In Negative-Yielding Debt, Is Shocked At What It Finds
Submitted by Tyler Durden on 10/29/2015 10:22 -0500"The rise in household savings rates amid so much central bank support is paradoxical to us, and mimics what we highlighted in the credit market earlier this year. Companies in Europe are deleveraging, not releveraging"
S&P Set For Biggest Ever Monthly Point Gain As Central Banks Go All In
Submitted by Tyler Durden on 10/28/2015 18:41 -0500While we still haven't taken out the all time highs said squeeze would lead to - there are about 30 points to go there; but as the following chart below shows, with just two trading days left, October is on pace for the biggest monthly point jump in S&P500 hi
Millennials: 70% Want To Be Debt Free, 66% Refuse To "Gamble" In The Stock Market
Submitted by Tyler Durden on 10/27/2015 19:46 -0500Sorry Fed, here is why your attempt at terminal reflation was doomed from day one.
"How Would One Position For One Final Melt-Up On Wall Street"? - Here Is BofA's Answer
Submitted by Tyler Durden on 10/25/2015 21:52 -0500"It could simply be 1998/99 all over again. After all, a “speculative blow-off” in asset prices is one logical conclusion to a world dominated by central bank liquidity, technological disruption & wealth inequality. What worked back then? What rose from the rubble of 1998? How would one position for one final melt-up on Wall Street..."
Just When You Thought Wall Street's Heist Couldn't Get Any Crazier...
Submitted by Tyler Durden on 10/25/2015 17:45 -0500In reading various recent regulatory reports, it is clear that almost none of the promises that were made to the public about what was going to happen under Dodd-Frank financial reform is actually happening. Welcome to another day at the casino where the model continues to be — heads they win, tails you lose.
We Now Have An ETA When The Biggest Bond Bubble In The World Will Burst
Submitted by Tyler Durden on 10/23/2015 20:08 -0500"On the current trajectory, we doubt the market can stay stable beyond a few quarters, especially if some SOE and/or LGFV bonds indeed default."
- Bank of America
The Morning After: Valeant Default Risk Soars After Called Next "Tyco", Sellside "Analysts" Humiliated
Submitted by Tyler Durden on 10/22/2015 09:08 -0500As always happens after shocking events like yesterday which "nobody could have possibly predicted", watching the Penguin gallery reel in its humiliation is absolutely worth the price of admission.
Who on Wall Street is Now Eating the Oil & Gas Losses?
Submitted by testosteronepit on 10/20/2015 21:54 -0500This trade has become blood-soaked.
Banks Turn Down Deposits As Stealth NIRP Takes Hold
Submitted by Tyler Durden on 10/20/2015 20:00 -0500Back in February, we noted that NIRP had officially arrived in the US as JP Morgan announced it was preparing to charge some large institutional customers for deposits. This represented a kind of de facto (if not yet de jure) NIRP. Now, a combination of pinched margins and new regulations has led some of the largest financial institutions in the US to penalize corporate and institutional deposits on the way to instituting what amounts to a stealth version of negative interest rates.
Good Luck, Canada
Submitted by Tyler Durden on 10/20/2015 12:51 -0500The US has seen that movie before, it's not a happy ending. Oh, and enjoy that AAA credit rating while it lasts.
Deflation = Debt + Demographics + Disruption... But Mostly Debt
Submitted by Tyler Durden on 10/19/2015 17:53 -0500"The only way to get velocity to pick up in a benign way is to write off the debt by a meaningful amount. That would have helped in the 2008 global financial crisis if more losses had been imposed on creditors. But that obviously did not happen in 2008 as the policymakers demonstrated that they did not believe in capitalism. Otherwise, the only other way velocity picks up is by an unhealthy hyperinflationary surge reflecting a loss of confidence in central banks, an outcome that becomes more plausible the more extreme the resort to quantitative easing."
There Goes The Final Pillar Of The US "Recovery": The Loan-Growth Paradox Explained
Submitted by Tyler Durden on 10/15/2015 19:09 -0500One year ago we reported that companies were using secured bank debt to repurchase stock: a stunning, foolhardy development. It so unbelievable we promptly forgot this bizarre tangent into "use of loan funds"... Until today when we found that it was, indeed, all a lie and that the banks themselves had become complicit in perpetuating not only the worst possible capital misallocation, but being an accessory to the US stagnation, soon to be replaced with full-blown recession.
Futures Surge As ECB Bankers Resort To Verbal Intervention, Suggest More QE Needed
Submitted by Tyler Durden on 10/15/2015 05:56 -0500- Afghanistan
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- Central Banks
- China
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- Continuing Claims
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- CPI
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- goldman sachs
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- Initial Jobless Claims
- Japan
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Aside from Chinese monetary data, it was a relatively quiet session in which traders were focusing on every move in the suddenly tumbling USD, and parsing every phrase by central bankers around the globe, as well as the previously noted piece by Fed mouthpiece Jon Hilsenrath which effectively ended the debate whether there will be rate hikes in 2015. Adding to the overnight froth were ECB speakers first Ewald Nowotny and then Spain's Restoy, who said that euro-area core inflation "clearly" below goal, remarks which were immediately assumed to signal increasing pressure to boost stimulus, and which promptly translated into even more weakness in EUR and equity strength, pushing US futures up about 15 points from yesterday's close.
Oct 15 - US 10-year yields fall below 2% amid weak economic data
Submitted by Pivotfarm on 10/14/2015 16:57 -0500News That Matters
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