"The possibility of a viable, quick, and transparent monetary technology outside the control of the massive central banking system is making these bankers nervous. It could diminish their almost boundless powers."
The latest Oxfam sex abuse scandal does not exist in a vacuum. It is not the first time that aid groups have been accused of sexual misconduct towards the very people the entities purport to protect, and without significant change, it will not be the last time that such allegations emerge.
Former Fed Chair Ben Bernanke will interview former Fed chair Janet Yellen on her career, her time at the Fed, her observations about the current state of the economy and the challenges that confront us. Following their conversation, the two former Fed chairs will take questions from the audience and twitter.
"We recently concluded a strategic review of this business and I’m pleased to confirm that most of our key services and our key markets and key clients will be continuing."
After euphoric premarket spikes for two consecutive days in global stocks, this morning S&P futures point to a modestly lower open, while trading in Asia is mixed and Europe is down modestly.
There is no particular reason for Fed Chair Powell to send a message on Tuesday and it is very possible that the Fed has not yet decided what message to send.
"... with one-quarter of this market tied up in ETFs, which are now witnessing their largest outflows since the crisis, traditional fundamental analysis could take a back seat to the wave of passive investing. "
Recent CTA underperformance creates the risk of institutional investors withdrawing their investments, causing shrinkage of the CTA universe going forward.
Bank of America's latest list of bear market signposts indicates that 13 of 19 signals have been triggered at this point, two more than just 1 month ago.
"A real head-scratcher going forward is how the market will cope over the years and even decades to come with the central case scenario of higher and higher government debt around the world..."
After a relatively quiet, holiday-shortened week, the coming five days are shaping up to be volatile and extremely busy on the political, data and speaker front...
Global stocks have sprinted out of the gate in what right now is a sea of green, and S&P futures are currently at session highs, up 12 points or 0.4% as the dollar resumbles its plunge, sliding for a 3rd day as 10Y yield remain firmly below 2.90%.
When a new Sheriff comes to town what does he do? If things have been unruly, he asserts himself and shows who is boss. If the old regime was largely peaceful/ successful, he follows the old sheriff's protocols.
The Goldman Sachs Corporate Trading Desk recently completed the two most active weeks in its history and the desk’s executions have increased by almost 80% YTD vs. 2017. And, according to Goldman's David Kostin, that is just the beginning as corporate buybacks are set to hit a record $650 billion in 2018...
