Core CPI Stays Below Fed Mandate For 6th Straight Month
Core CPI has now been below the Fed’s 2% mandate for 6 straight months, printing a 1.7% YoY gain in September (weaker than the expected 1.8% rise). Headline CPI bounced back above 2% however, led by a 6.1% surge in Energy costs… The index for all items less food and energy increased 0.1 percent in September following […]
E Bitcoin: Financial Elites Are Getting Involved
At least two things; they hold important positions within the global financial system and they are positive about the potential of cryptocurrencies and/or Bitcoin (BITCOMP). These are landmark statements. So far most of the support for cryptocurrencies had to come from people with a good understanding of tech. Like Bill Gates or Peter Thiel. Now, […]
3 Reasons To Consider Infrastructure Investment
My way or the highway, the old saying goes. In the institutional investment community, my way includes the highway might be more appropriate. In certain cases, up to 17% of the total assets in an institutional investor’s portfolio are invested in infrastructure today, according to data from the Ontario Municipal Employees Retirement System (OMERS) 2016 Annual Report.2 […]
Morning Call For Friday, Oct. 13
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.08%) this morning are up +0.06% and European stocks are up +0.15% on the prospects that that the ECB will extend its QE program for 9 months until Sep 2018. According to the report, an unnamed official said the ECB will reduce its bond purchases in half […]
Oil On Friday The Thirteenth
A black cat crossed the oil bears path this morning as the market is now soundly rejecting the International Energy Agency’s downbeat assessment of oil prices in 2018. Despite their pronouncement that demand growth will stagnate the evidence that projection is probably wrong is already apparent. A major drop in U.S. crude Inventories, evidence of […]
US Dollar, Hanging On By A Thread, Turns To CPI & Retail Sales
The US Dollar is flat on the day as the DXY Index is barely holding onto its daily 21-EMA as support. Following the release of the September FOMC meeting minutes, market participants have become more sensitive to incoming inflation data, as policymakers made clear that many believed low inflation was a feature, not a bug, of modern […]
Strong Finish To The Week; Metal & Bank Stocks Rally
Indian share markets continued to trade higher in the afternoon session to finish in green in nine out of eleven trading session. The sentiments also remained upbeat on strong Asian markets. At the closing bell, the BSE Sensex closed higher by 250 points and the NSE Nifty finished up by 71 points. The S&P BSE Mid Cap finished flat while S&P BSE Small […]
U.S. Mint Gold Coin Sales And VIX Point To Increased Market Volatility And Higher Gold
US Mint gold coin sales and VIX at weakest in a decade Very low gold coin sales and VIX signal volatility coming Gold rises 1.7% this week after China’s Golden Week; pattern of higher prices after Golden Week U.S. Mint sales do not provide the full picture of robust global gold demand Perth Mint gold […]
Bitcoin Is Now Bigger Than Morgan Stanley
On the back of (unconfirmed) rumors suggesting China may back down from its harsh stance of ICOs and crypto exchanges following this week’s National Congress, the price of Bitcoin soared overnight, testing near $5900 before falling back a little this morning. That has pushed Bitcoin’s market cap above $90 billion for the first time, surpassing PayPal, Netflix, and […]
What Global Correlations Mean For Portfolio Construction & Smart Beta
I recently wrote in a post how quantitative easing (QE) liquidity world average correlations have been dropping in the U.S. In this analysis, I will take it a step further and highlight how this trend is not just restricted to the U.S.; we see similar patterns globally, especially in Europe and Japan. In addition, I will talk about how […]
