If you frequent these pages, you’re well acquainted with the concept of passive investing and its rise
Month: March 2017
One Chart Explains How Much The Health Care Vote Matters For Markets
Ultimately, what the media prints and, in turn, what people read shapes investor psychology. It’s probably fair to say that plastering “Dow Hits 20,000” all over the front pages of national newspapers helped accelerate inflows into popular retail equity vehicles like SPY earlier this year.
“It’s Not Showing In The Data”: Small Business Lending Plunges Despite Trump Bombast
“The story of post-election small business optimism leading to greater investment is not playing out in the data.”
Are Carl Icahn, Howard Marks, And Heisenberg All Wrong About ETFs?
If there has ever been a moment where we’re tempted to apply the “famous last
“The Country Believes Me”: AP Takes Aim At Trump’s “Pattern” Of Lies
“Since the early days of his campaign, the president has developed a pattern: Make an outrageous claim. Dig in as the criticism rolls. And wait until, eventually, something emerges that can be spun as vindication of the earlier claim.”
TGIF: Markets Nervous As Trump Dares Congress To Pass Health Care Bill No One Likes
Well, it’s Friday and this week has been just as interesting as last week. Today
“As Greedy As A Pig”: Investors Pull Most From Bank Funds In A Year
Somehow I doubt this will come as a surprise to anyone, but investors yanked the most money from bank sector funds in more than year over the last week, as the Fed’s “dovish” hike exacerbated fears that popular Trump trades may have run their course.
“Confusion Reigns” In Markets. So Run The Damn Football
“It’s a grinder’s world. When headwinds are raging and confusion is reigning, three yards and a cloud of dust rather than the flea flicker may indeed have a better chance of racking up points.”
Key Calls (Friday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Eventually It Will Happen. It Always Does. Unless…
Then again, Trump does have an “out”…
Here’s What To Make Of Thursday’s Failed Attempt To “Repeal And Replace” Obamacare
While Donald Trump was busy playing “big boy trucks” on the White House lawn, Congress was busy not voting on his bungled attempt to “repeal and replace” Obamacare.
Peak Cash? Goldman Ponders A Cashless Society And The Benefits For Government
Much has been made over the past several years about the so-called “death of cash”.
Trump Calls It: Says “Very Good Chance” Health Care Bill Passes Moments Before Vote Delayed
But just as Trump predicted “what happened in Sweden” a day after it didn’t happen, we can probably assume that even if the health care bill hasn’t been voted on by the weekend, he’ll tell us on Saturday how great what didn’t happen on Friday was.
No Vote On Health Care Bill Is Another Blow To Trump Trade
“And like that, it’s gone”…
If You Think This Is A “Correction,” I Guess The Media Called It
So we can debate the extent to which Tuesday’s “blip” on an otherwise rosy-looking equity
Can China Prevent One Crisis Without Causing Another? Spoiler Alert: “No”
“So that’s all fine and good from a kind of “let’s curtail systemic risk,” perspective, but the problem is, China’s labyrinthine shadow banking complex has grown so large that the very act of unwinding it in the interest of financial stability creates its own systemic risk.”
Trump Is President And “You’re Not” & Other Things We Learned From TIME’s Trump Interview
“But that’s the story. Hey look, in the mean time, I guess, I can’t be doing so badly, because I’m president, and you’re not. You know. Say hello to everybody OK?”
This Is How Far Oil Prices Have To Fall To Trigger Junk Bond Chaos
A persistent theme in these pages is the extent to which the mammoth spread compression
“‘Tis But A Scratch”: Oil Drop Is “Temporary” One Bank Swears
Well they’ve got moxie, there’s no denying that. Oil longs have been confounded of late
The Trumpcare Vote: Previewing Thursday’s Big Event
Needless to say, the focus Thursday will be on the GOP proposal to repeal and
Why Is Volatility So Low? Out With The “Old,” In With The “New”
“The Fed has moved to the other side of the volatility equation. It is now more likely that the Fed will contribute to higher volatility if the market deems financial conditions to have become too tight.”
“It’s Laughable”: Trump’s Approval Rating Drops To 37% In New Poll
The alt-Right’s reaction to yesterday’s “revelation” (and the scare quotes are there for a reason)
Trader: “US Stocks Are Destined To Drop”
“This means that any relief rally will be used as an opportunity for longs to take profit, not a catalyst to build positions further.”
“Things Are Calm. Too Calm”
As we said earlier, “not a creature was stirring” over night. Or, put differently, “it’s
Trump Trade In Focus: All Eyes On Healthcare Bill As Yellen Lurks In Background
It’s do or die for the reflation narrative.
Key Calls (Thursday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
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