The risk budgets this month are unchanged. For the moderate risk investor, the allocation between risk assets and bonds remains at 40/60 versus the benchmark of 60/40. While the BofA ML High Yield Master II OAS did widen significantly since the last update I’ve decided not to reduce the risk allocation more at this time….
“What is going on?”, Deutsche Bank (DB ) asks, in the bank’s latest European equity strategy snapshot. Investors, Deutsche says, can’t seem to figure out why it is that European equities have plunged by some 20% since peaking in November. The usual suspects are trotted out (China, renewed concerns about NPLs, and the shocking realization that…
It took a long time, but the wait paid off! Thank you all so much for your patience in waiting for my 2015 TEDx Talk in Jersey City. Since the stock market is closed today in observance of President’s Day, here is a short but sweet synopsis of my talk. If you watch, please like…
The United Kingdom and Germany During the day today, we get several announcements of the United Kingdom, including CPI and PPI. We also get economic announcements out of Germany, so it’s very likely that the market will focus on these general areas. EUR/GBP The EUR/GBP pair tested the 0.77 level during the day on Monday,…
Stocks officially entered a bear market last week, at least as measured by the MSCI World index. But then that isn’t exactly news in a lot of places on the globe with various markets around the world having eclipsed the down 20% threshold long ago. The S&P 500 is so far avoiding the ursine fate,…
Today’s rally in the Nikkei must have been a huge breath of fresh air for the BOJ (Bank of Japan). After opening 2% firmer the market went from strength to strength with good volume it eventually closed +7.1% on the day. Banks regained some of their losses from last week with SMFG, Mitsui, Mitsubishi UFJ…
What a difference five days makes. Recall last Wednesday evening, when none other than Goldman decided to be the latest to piggyback on gold’s torrid momentum, by saing “there’s scope for the gold price to extend much higher over time.” This is what Goldman’s chartists predicted: The current area includes the 100-wma and the trend across…
Talking Points The CAC40 is Trading Up 3% on the Day Bullish Breakouts Began Over 4,022 SSI Reads an Extreme +3.50 CAC40 30 Minute Chart (Created using Marketscope 2.0 Charts) The CAC40 is currently trading up over 3% on the day after breaking a critical point of resistance on the daily chart. As seen in the graph above, the…
The picture emerging from the Q4 earnings season is one of all around weakness, with growth hard to come by in the face of a slowing global economy, the strong U.S. dollar, and weakness in the oil and other commodity sectors. This isn’t a new problem, we have been discussing these headwinds the last few…
Photo Credit: Desmond Bowles Fossil, Inc. (FOSL) Consumer Discretionary – Textiles, Apparel & Luxury Goods | Reports February 16, After Market Closes Key Takeaways The Estimize consensus is calling for EPS of $1.36, 7 cents higher than Wall Street, and revenue of $924.80 million, roughly $5 million above the Street Fossil is coming off a year which…
