How difficult is it to run a successful hedge fund these days? Just ask Tim Garry, a veteran alum of John Burbank's Passport Capital, who launched Pelorus Jack Capital in April 2017, after raising $250 million only to shutter it after just over a year of trading.
An across-the-board tariff of 10% on all US imports and exports would lower 2018 EPS for S&P 500 companies by ~11% and, thus, completely offset the positive fiscal stimulus from tax reform.
New secretive project hardware popping up just miles from the CME proves that the world of trading is now nothing more than just shaving off millionths of seconds from algorithmic trades.
Following what was widely dubbed as "the most important week of the year", things slow down sharply but central banks remain in the spotlight again with the ECB's Forum on Central Banking due to take place in Sintra.
"Up to now it’s been hypothetical; action has been taken, tariffs are coming and you need to pay very, very careful attention to the impact it’s going to have on your holdings."
The combination of ultra-low interest rates and vast monetary expansion, she explains, has caused “speculation to rage... much as a global casino would be abuzz if everyone gambled using everyone else’s money...”
Just as China promised, they have responded "immediately" to President Trump's "very big tariffs" and just unveiled $50 billion in tariffs against US goods including soybeans, light aircraft, orange juice, whiskey and beef, starting July 6th.
Yen is weaker following The BOJ's decision (with one dissent) to leave policy rates unchanged and maintain their JGB holdings target. BoJ did downgrade their inflation outlook but made no mention of its ongoing 'stealth' bond-buying taper.
"The dollar is vulnerable to destabilization by the very institutions and elitists that created it in the first place, and these people are seeking something much bigger than king dollar. The problem is, the globalists cannot implement such a vast 'reset' in the economy without a considerable distraction. Enter Trump’s trade war..."
in May, China's broadest monetary aggregate, the Total Social Financing, just posted it smallest monthly increase since July 2016, as off-balance sheet financing posted its biggest monthly drop on record.
Julian Assange remains cut off from the world in Ecuador’s London embassy, shut off from friends, relatives and thousands of supporters, leaving him unable to do his crucial work...
