|Filed Under:||Business & Finance|
|Posts on Regator:||46048|
|Posts / Week:||238.5|
|Archived Since:||February 18, 2011|
Between today's record high Italian unemployment, and the just announced Goldman slashing of its Q4 GDP forecast from a 3.0% standing estimate to a 2.2% tracking forecast, one can easily see why the S&P is going to hit 2050 early next week.. Show More Summary
Mission Accomplished...? Russell 2000 makes it back into the green... Trannies soar But not everyone's buying it Sustainable rally? Then why is everyone hedging?
You asked for it, and here it is: Dennis Gartman's take on the Great Nikkei "price target" THE YEN HAS VIOLENTLY PLUNGED… VERY VIOLENTLY... and the Nikkei has soared, and they should given the “double barrel” announcements from the Bank...Show More Summary
Now that The Fed is (however briefly) out of the money-printing business, it appears to have turned its attention to the rest of the world's "despicable monetary policy" actions and fired what seems to be the first warning shot of 'currency...Show More Summary
The S&P hits a record high thank to a few hundred billion in more money printing by a central bank, and guess who pops up to take credit for the market, pardon, the economy? This guy.
Because nothing says economic strength like nominal equity market gains... A gentle reminder from the past... Amid the euphoria... Kyle Bass provided a few minutes of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass...Show More Summary
Submitted by Charles Hugh-Smith of OfTwoMinds blog, The question of "recovery" really boils down to this: how much longer can the top 10% prop up the expansion? A flurry of recent media stories have addressed housing unaffordability, for example Why Middle-Class Americans Can't Afford to Live in Liberal Cities. Show More Summary
The lone dissenting dove at this week's 'end-of-QE' FOMC meeting has taken digital pen to pixelated paper to explain why moar is better and the Fed should not stop printing..."Of course, there are costs and benefits to every monetary policy action and inaction, and assessing those costs and benefits is by no means straightforward. Show More Summary
The final UMich consumer confidence print (after preliminary 86.4) is higher again at 86.9 - the highest since July 2007. Ofcourse hope rose - future expectations up from 75.4 to 79.6) while current situation dropped (98.9 to 98.3)... as we all know escape velocity and wage gains (despite tumbling spending and slowing income in reality).
Despite plunging consumer spending, Chicago PMI surged to 66.2 (against expectations of 60.0), its highest in 12 months. This is above even the highest economist estimate and is a 4-sigma beat... having been at one-year lows just 3 months ago. Show More Summary
Nope, its fundamentals...
Back in late September, we posted what Albert Edwards thought at the time was "The Most Important Chart For Investors" which was quite simply, a chart of the USDJPY. Here is the punchline of what he said: We have long believed that investors ignore Japan at their peril. Show More Summary
Bwuahahahaha... Nikkei futures halted limit up - over 1100 points post-BoJ (+1400 post-FOMC) as USDJPY tops 112 (up 4 handles post-FOMC) to its highest since Jan 2008. RT @mmckerr: CME GCC announcement on Nikkei 225 futures limit up procedure: #Nikkei pic.twitter.com/ggU3ChP9jo — Mr TopStep (@MrTopStep) October 31, 2014 Chart: Bloomberg
If yesterday's Citi debacle was a buying opportunity (which it is according to the pre-market), then news that Ally Financial (formerly GMAC) is under regulatory and DoJ investigation must be great news: ALLY CITES REQUEST FROM SEC ON...Show More Summary
Still confused what the BOJ's shocking move was about, aside from pushing the US stock market to a new record high of course? This should explains it all: as the chart below show, as a result of the BOJ's stated intention to buy 8 trillion...Show More Summary
Yesterday's record-breaking surge in the Ruble appears, as we warned, to have been front-running today's rate-hike announcement... and despite its surprise size, it is disappointing the market. The 5%-plus swing higher in the Ruble yesterday...Show More Summary
Goodbye GDP hopes... Consumer Spending tumbled 0.2% against expectations of growing 0.1%, dropping at the fastest pace since October 2009. This is the biggest miss since Jan 2014 - in the middle of the PolarVortex... did it snow in October? Chart: Bloomberg
You know the world's financial markets have become farce when the broad Nikkei 225 stock market of Japan rises 1000 points in 7 hours... The meme that stock 'markets' move on fundamentals not central bank liquidity is officially dead. Let that sink in for a moment... Chart: Bloomberg
It was about several months ago when Goldman, which initially was an enthusiastic supporter of BOJ's QE, turned sour on both Abenomics and the J-Curve (perhaps after relentless mocking on these pages), changed its tune, saying an unhappy ending for Abenomics is almost certainly in the cards. Show More Summary