JP Morgan Chase & Co. is joining Apple, Bank of America, Wal-Mart, Comcast and a plethora of other US corporate behemoths in rewarding the Trump administration for its success on tax reform with the jobs and bonuses that it covets.
"... interest rate hikes and decelerating deficits will slow housing and jobs creation...but even if I'm wrong, there is still trouble dead ahead as the US is simply running out of employable persons..."
"If you purchased cryptocurrency because you studied the market and formed a long-term view, ask yourself a question - has anything changed? Sure, the price of Bitcoin (or Ether, etc.) has fallen. A lot. But does that mean your analysis was wrong?"
Shortly after it got steamrolled by the market, which as we noted earlier has had its best start to a year in history for global stocks, which made a mockery of its year end price target of 2,800, moments ago Bank of America hiked its S&P price target to 3,000.
"If you're asking whether markets are at a high end of the cycle, it certainly feels like this, bull market is long in the tooth...in both of our[retail and institutional] businesses, we're seeing historically low levels of cash to assets under management."
BitFlyer - the largest exchange in the world with up to 30% of the global market and controls 80% of bitcoin trading in Japan - is launching its European service on Tuesday, after it received a license from Europe's financial regulator.
In a shocking downside surprise, Richmond Fed's Manufacturing Survey slumped in January, extending the drop from November's record high to the biggest 2-month crash since 2006... as new order hope plunges.
"Although there are a lot of country paths and you can get in by boat, in helicopter, or in a light airplane, we are working towards that not happening so that Puigdemont can't even get back in in the boot of a car."
Twitter announced that Anthony Noto notified the company on January 22, 2018 that he is resigning from his position as Twitter's #2 executive and Chief Operating Officer in order to accept the chief executive officer role at another company.
"In a discussion with traders last night, one of the only risks we all agreed on was a global trade war prompted by Trump enacting protectionist measures. Just a few hours after that, Trump announced new tariffs targeted at Asia."
While President Trump’s decision to slap tariffs on imported solar panels and washing machines has a limited immediate market impact in Asia, it will probably have bigger implications on the region’s trade and economic outlooks, according to various analysts.