Passa ai contenuti principali

Bonds & Bullion Bid But Stocks Slide As Firms Slash Earnings Outlooks

A quiet day for sure but the trends remain - dollar and gold higher together, bond yields fading, and stocks clinging near record highs...

Powell better not let the world down!!

Chinese stocks trod water overnight...



U.S. Equities to Profit From Low Inflation, Rates: Northern Trust

UK's FTSE exploded higher as the pound plunged, Italy underperformed in Europe but the rest of the majors were flat...

 

And a mixed bag in US stocks too with The Dow clinging to some semblance of positivity as Small Caps and Nasdaq underperformed...

 

FANG Stocks erased Friday's gains...

 

It's Beyond Meat's earnings tonight - make or break time for shorts who are paying 144% borrow...

 

The S&P continues to dramatically outperform the broadest US equity index - not exactly what one would hope for in a broad-based re-acceleration in growth...

 

Treasuries were bid after Europe closed and ended lower in yields on the day (but traded in a very narrow range)...

 

30Y Yields erased the losses from Draghi's disappointment...

 

The dollar rallied once again - nearing its highest since May 2017...

 

Cable was clubbed like a baby seal today as no-deal expectations ramp up...

 

Cryptos had a flash-crashy like move overnight but recovered from that - although they remain lower from Friday...

With Bitcoin holding back below $10,000...

 

Despite dollar gains, commodities managed gains with Crude and Copper leading but PMs rallying towards the US close...

 

Gold spiked up to pre-Draghi levels...

 

Oil was volatile intraday testing below $56 and up to $57...

 

Gold in Yuan jumped up to recent resistance...

 

And gold in Sterling is very close to a record high...

 

Finally, there's this... While the S&P 500 is up 20% YTD, earnings expectations for the next 24 months has slumped...

As 60% of companies have cut Q3 EPS expectations in recent weeks...

Will traders sell the Fed news?

Commenti

Posta un commento

Post popolari in questo blog

Fwd: The Looming Bank Collapse The U.S. financial system could be on the cusp of calamity. This time, we might not be able to save it.

After months  of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses. All of these factors are serious and could mire the United States in a deep, prolonged recession. But there's another threat to the economy, too. It lurks on the balance sheets of the big banks, and it could be cataclysmic. Imagine if, in addition to all the uncertainty surrounding the pandemic, you woke up one morning to find that the financial sector had collapsed. You may think that such a crisis is unlikely, with memories of the 2008 crash still so fresh. But banks learned few lessons from that calamity, and new laws intended to keep them from taking on too much risk have failed to do so. As a result, we could be on the precipice of another crash, one different from 2008 less in kind than in degree. This one could be worse. John Lawrence: Inside the 2008 financial crash The financial...
Posta un commento
Continua a leggere

Charting the World Economy: The U.S. Jobs Market Is On Fire - Bloomberg

Charting the World Economy: The U.S. Jobs Market Is On Fire - Bloomberg https://www.bloomberg.com/news/articles/2019-12-06/charting-the-world-economy-the-u-s-jobs-market-is-on-fire Charting the World Economy: The U.S. Jobs Market Is On Fire Zoe Schneeweiss Explore what's moving the global economy in the new season of the Stephanomics podcast. Subscribe via  Apple Podcast , Spotify or  Pocket Cast . The last U.S. payrolls report of the decade was a doozy, beating expectations and doing its bit to keep the consumer in good health heading into 2020. That's good news given the various pressures still weighing on global growth. Here's some of the charts that appeared on Bloomberg this week, offering a pictorial insight into the latest developments in the global economy. U.S. Advertisement Scroll to continue with content ...
Posta un commento
Continua a leggere

3 Reasons Why Gold Will Outperform Equities And Bonds

3 Reasons Why Gold Will Outperform Equities And Bonds https://www.forbes.com/ 3 Reasons Why Gold Will Outperform Equities And Bonds For centuries, gold has played a major role in human history and has become interwoven into the financial fabric of society. Beyond its investment following, gold has become synonymous with wealth. Historically, gold's early use cases revolved around money – a form of "medium of exchange". After the second world war however, several countries and their respective currencies, started to shift away from the gold standard and migrated towards a fiat currency system. Today, gold remains largely a "Store of Value", and due to its unique properties and large number of use cases, it has managed to distance itself from other asset classes in terms of correlation, demand / supply drivers, and investment purpose. Gold's idiosyncrasies function as a double-edged sword, as it is challenging to predict ...
Posta un commento
Continua a leggere