Merrill

Merrill

Your Last Minute FOMC Preview: "Will It Be A Dovish Hike Or Not"

The FOMC is expected to raise its overnight federal funds rate (FFR) target by 25bps to 1.00% to 1.25%, in what would be its second hike of 2017. Fed Funds Futures were pricing in a 95% implied probability that rates will be lifted – at one point last week, that probability was over 99%.

S&P Futures At Record High After "Shocking" UK Election Result

"Triple Threat Thursday" is now a distant memory, with both the ECB and Comey testimony "non-events" for the market, although the UK general election was a shocker in which contrary to expectations, Theresa May lost her majority in Parliament, sending sterling tumbling overnight and prompting even more confusion about the UK's political fate and the future of Brexit.

Visualizing The Expanding Universe Of Cryptocurrencies

Bitcoin is the original cryptocurrency, and its meteoric rise has made it a mainstay of conversation for investors, media, and technologists alike. But the true impact of Bitcoin is actually far more reaching than this – it’s actually helped to birth new markets for over 800 other cryptocurrencies and assets that are available for online trading. And while the market for bitcoins is worth nearly $40 billion itself, the rest of these cryptocurrencies are actually worth even more in combination.

The 'Soft Coup' Of Russia-Gate

Where is Stanley Kubrick when we need him? If he hadn’t died in 1999, he would be the perfect director to transform today’s hysteria over Russia into a theater-of-the-absurd movie reprising his Cold War classic, “Dr. Strangelove,” which savagely satirized the madness of nuclear brinksmanship and the crazed ideology behind it.

Coach Acquires Kate Spade For $18.50 Per Share

In some good news for the distressed US retail sector, on Monday morning handbag retailer Coach confirmed long-running speculation, when it announced that it would acquire peer Kate Spade in a $2.4 billion deal. Coach will pay Kate Spade shareholders $18.50 a share in cash, a 28% premium to Kate’s closing price as of Dec. 27, the last trading day before the Wall Street Journal first reported that Kate was exploring a sale of the company.