goldman sachs

goldman sachs

Gold, Bitcoin, And Metcalfe’s Law

"...the bigger the network of users, the greater that network’s value becomes... Bitcoin adoption could multiply the more people become aware of how much of their wealth is controlled by governments and the big banks."

Exit Polls Project Sweeping Victory, Supermajority For Japan's Abe

Japan Prime Minister Abe's ruling coalition is set for a sweeping victory in Sunday's general election, and may retain the two-thirds parliamentary majority needed to revise Japan's constitution, according to an NHK exit poll. Shortly after polls closed at 8pm, an NHK exit poll showed that Abe’s Liberal Democratic Party and coalition partner Komeito are set to win between 281 and 336 seats of the 465 total.

Frontrunning: October 20

  • Trump’s Tax Plan Takes a Big Step Forward, But What Comes Next Won’t Be Easy (BBG)
  • Low pay, no bonus: U.S. retailers struggle with hiring (Reuters)
  • Donald Trump Jr. Becomes a Rainmaker on the Republican Speaking Circuit (BBG)
  • In Kuroda's face - researchers find ways to predict central bank changes (Reuters)
  • One Month After Maria, a Crisis Still Rages in Rural Puerto Rico (BBG)

The S&P 500 Is Now Overvalued On 18 Of 20 Metrics

According to Bank of America, the S&P is substantially overvalued on 18 of 20 valuation metrics. According to Goldman, the S&P is now in the 98% percentile of median historical valuations, meaning the almost market has never been more expensive.