Will we see yields march up today or will the latest batch of US inflation data disappoint? We’ll know the answer to that in about six hours with the release of the February CPI report in the US.
Conclusively, cryptocurrencies like Bitcoin and Ethereum have significant advantages over banks in a number of areas, including security, borderless transaction settlement, efficient payment clearance, and lack of dependence on centralized service providers or entities...
According to UBS, 55% of the EPS growth in 2018 will comes from just 2 things: tax cuts and stock buybacks, both of which are a direct consequence of Trump's tax reform.
Focusing on just the US, the key economic releases are CPI, retail sales, PPI, empire manufacturing, import & export price index, building permits, housing starts, industrial production and U. of Michigan sentiment.
Dropbox has filed the terms of its long-awaited IPO, according to which it aims to raise as much as $648 million, by marketing 36 million shares range from $16 to $18 apiece, resulting in valuation between $7 and $7.9 billion.
The "goldilocks" mood that was unleashed after Friday's jobs report (high growth, low inflation) has spread around the globe, sending Asian and European markets higher as trade-war concerns took a back seat to economic optimism.
It will not have gone unnoticed that the Pound has been enjoying a purple patch while there has been a recess in the negotiations, but now that the talks are set to get under way again, the recent to and fro has been garnering greater interest given neither side is happy with the the demands of the other.
"With 10-year yields now at 2.9% and new tariffs on steel and aluminum formally ordered this week, the ratio of return/realized volatility has declined from 3.3 in 2017 (22% / 7%) to 0.3 YTD. The S&P 500 nonetheless remains in positive territory, leading clients to ask, "where to from here?"
"...highly statistically significant evidence of increases in meetings at the New York Fed late at night and in off-site meetings during typical lunch hours, which is suggestive of informal or discreet communication..."
...There have been disputes between miners and locals, bankruptcies and bribery attempts, lawsuits, even a kind of intensifying guerrilla warfare between local utility crews and a shadowy army of bootleg miners who set up their servers in basements and garages and max out the local electrical grids....
The moral of the story: Let's not rely on the market's historical average return to buy-and-hold ourselves to presumed safety. Buy-and-hold is not an effective risk mitigation strategy (and neither is diversification, for that matter).
