"Officials reviewing China’s FX holdings have recommended slowing or halting purchases of US Treasuries, according to people familiar with the matter."
"Over the last two years, European investment managers have clearly expressed their intention to reduce equity research spend. The official data is telling a more aggressive budget-cutting story."
“I haven’t seen hedging activity this light since the end of the financial crisis... people are having a hard time even imagining how the market could decline..."
"I'm gonna put it out there right now...and I know it's very unlikely for a market in its present condition to go down...but my prediction for 2018 is the S&P 500 will have a negative rate of return." - Jeff Gundlach
While world stocks are on their longest streak (without a 5% correction) in history, the last few weeks have seen that exuberance accelerate with MSCI World now at its most 'overbought' since the summer of 1987... and we know what happened next.
The central bank of Switzerland said on Tuesday it expects to report an annual return of 54 billion francs - a sum equivalent to 8% of Switzerland’s GDP, and more than Apple's annual profit.
"Novogratz is putting substantially all of his crypto investments into Galaxy -- about $400 million of bitcoin, ether, initial coin offerings and stakes in startups such as Xapo, Bitstamp and Ripple Labs."
Given recent history, long-term investors "are all a little hesitant to say that this is the moment that inflation expectations should be breaking out..."
The global market melt up continues, with Asian and European stocks rising, sending the MSCI all-country world stocks index to another record high as Europe’s main markets shrugged off a tech wobble in Asia, while 10Y TSY yields rose to the highest level since March
China’s central bank announced a major change to the yuan's fixing regime, effectively removing a key component - the "counter-cyclical factor" - used by banks to calculate their submissions to the currency’s daily reference rate.
On the surface, it looks like downside risks have been destroyed - papered over by ultra-low interest rates. But he said they've only "shifted it in form and time creating new and unique fragilities as they try to transmute what cannot be changed."
According to the Bloomberg Billionaire Index, Yang, who is also the controlling shareholder of Country Garden, saw her fortune soar to $25.6 billion as of Jan. 5 to rank as the fifth-richest person in the nation.
"Stocks are surging and signs of receding skepticism are everywhere. Broker clients are adding stocks hand over fist. Price targets meant to last a year, last days."
Having collapsed over 30% to record lows this morning, GPRO shares are ripping higher after CNBC headlines that the company has hired JPMorgan Chase to help it seek a potential sale, citing people familiar.
To the unknown buyer who - for the first time in history - purchased bonds that the ECB was forced to sell, congratulations on making the history books...
This week's post payrolls data calendar is pretty modest: the US reports consumer credit today, small business optimism tomorrow, but attention is reserved for CPI and retail sales on Friday.
Every day is "deja vu all over again" for global stock markets which hovered close to all-time highs on Monday as the best start to a year in eight years showed little sign of running out of steam.
