Fixed-income markets in developed and emerging nations topped the winners list last week for the major asset classes, based on a set of exchange-traded products. The gains mark the second week of flat to higher prices after two months of a downtrend for offshore bonds. The SPDR Bloomberg Barclays International Treasury Bond (BWX) was the strongest…
Digital currency, Bitcoin, climbed to a new record high on Monday following the cancellation of Segwit2x software upgrade earlier this month. The cryptocurrency which had erased about $38 billion of its market value a week ago, is now trading at $8,044.34 a coin. Meaning, the unregulated cryptocurrency has gained about 33.3 percent since plunging to $5,617 a coin…
The Republican tax overhaul plans have sparked great uncertainty amid heated debates. This article provides a framework for thinking through the issues. My sister asked me, “How should we reform taxes, Bill?” I asked what goal she wanted to achieve. “Fairness.” “OK,” I said, “we can work on fairness. But you’re not concerned about economic growth?” She…
Europe’s longest-serving leader is currently standing on the abyss of an uncertain future.Angela Merkel’s attempt to form a coalition with the Free Market Liberal party(FDP) collapsed over the weekend with the FDP walking out and with its leader saying there was no “basis of trust” to form a new German government. The failed negotiations now mean that…
News that the attempt to forge a four-party coalition in Germany collapsed Sunday saw the euro marked down in early Asian activity. The euro fell to nearly $1.1720 in the immediate response to the news, stabilized before turning higher in early European turnover. It quickly recovered and poked through $1.1800. The pre-weekend high was seen…
WTI Crude Oil The WTI Crude Oil market has rallied significantly during the day on Friday, using the $55 level as support. It looks as if the $58 level above is going to be resistance, and I think that pullbacks will continue to offer buying opportunities. The $55 level should be the “floor” in the…
Daniel Loeb has been one of the most successful money managers of the last two decades generating impressive returns that have been put him at number 240 on the Forbes top 400 wealth list.He is the founder and chief executive of the $11.9 billion Third Point LCC a hedge fund that has consistently outperformed average hedge…
Having tumbled 80 pips to a one week low in kneejerk response to the late Sunday news that Angela Merkel had failed to form a government following the collapse of the “Jamaica Coalition” talks – when the Free Democratic Party walked out, saying the differences with the Green party were too great to bridge – both the…
At the end of 2016 and the start of 2017 we saw an explosive breakout in the uranium miners, but that rally flamed out and the uranium market went back into a Stage 1 base. After that failure from about May of this year until the last couple weeks, the uranium miners drifted sideways and volume dried up,…
This wasn’t the chart that companies and investors expected to see when they were busy finalizing $bns of investment in new US ethylene and polyethylene (PE) capacity back in 2013-4. They were working on 3 core assumptions, which they were sure would make these investments vastly profitable: Oil prices would always be above $100/bbl and…
