More Action Needed On European Bank Profitability
from the International Monetary Fund — this post authored by John Caparusso, Rohit Goel and Will Kerry European banking has made considerable progress in the past few years: Banks have built up capital, regulation is stronger and supervision has been enhanced. But profitability remains weak, posing risks for financial stability. In a sample of more than 170 large European […]
Stormy Surges And Rising Geopolitical Risk
Oil prices are on the rise as US refiners come back after Hurricane Harvey and a big jump in geo-political risk as North Korea unleashes an alleged hydrogen bomb. The oil industry must watch the weather again as Hurricane Irma has turned into a massive and dangerous category 5 storm. On top of that, there […]
Bitcoin Falls 20% As Mobius And Chinese Regulators Warn
– Bitcoin falls 20% as Mobius and Chinese regulators warn – “Cryptocurrencies are beginning to get out of control” – warns respected investor Mark Mobius – Mobius believes governments will begin to clamp down on cryptocurrencies sparking rush to gold – Yesterday China’s PBOC ruled Initial Coin Offerings (ICOs) are illegal and all related activity […]
WTI Pops, RBOB Drops As Refiners/Pipelines Restart, Irma Looms
WTI crude prices are testing above $48 this morning (and RBOB prices tumbling) as refiners and pipelines come back on line faster than expected and fears of Hurricane Irma’s path impacting Gulf production edge higher. As Goldman notes, the recovery from Hurricane Harvey has accelerated over the weekend, with prolonged dry weather helping the decline in flood levels. We estimate that half […]
Morning Call For Tuesday, September 5
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 -0.22%) this morning are down -0.33% and European stocks are unchanged. Geopolitical tensions from North Korea are weighing on U.S. equities after the Asia Business Daily reported that North Korea was preparing to fire an ICBM missile by Saturday. The U.S. said it would seek the strongest possible sanctions against […]
Isodiol Launches Innovative Phytoceutical Division
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Last week’s MJAC event in Los Angeles attracted hundreds of cannabis businesses and several industry leaders. While the event offered attendees a buffet of cannabis companies, some firms stood out above the rest. […]
Currency Havens For Millennials – And No, Not Bitcoin…
In case you haven’t noticed, the haven appeal of the euro is growing. Ditto for the yuan. As far as the latter is concerned, we’ve been characterizing the yuan as a high-yielding haven for a while and indeed that point seems to come up at least twice a day. We were dead right when, on August […]
Bitcoin/USD Forex Signal – Tuesday, September 5
Yesterday’s signals were not triggered as there was no bullish price action at either $4400.00 or $4185.67. Today’s BITCOIN/USD Signals Risk 0.75% per trade. Trades may only be entered before 5pm New York time today. Long Trades Go long after a bullish price action reversal on the H1 time frame following the next touch of $3974.75 […]
Risk Premia Forecasts: Major Asset Classes – Tuesday, September 5
The expected risk premium for the Global Market Index (GMI) continued to rise in August. GMI, an unmanaged, market-value weighted portfolio of the major asset classes, is currently projected to earn an annualized 6.0% (over the “risk-free” rate) in the long run. The estimate is 20 basis points above last month’s forecast. Adjusting for short-term momentum and longer-term […]
Disney Upgraded To Outperform From Market Perform At Wells Fargo
Wells Fargo analyst Marci Ryvicker upgraded Disney (DIS) to Outperform and raised her price target for the shares to $116 from $109. The owner of ESPN and ABC closed Friday up 31c to $101.50. Concerns over potential dilution from the BAMTech stake and the streaming apps are “widely overdone,” Ryvicker tells investors in a research […]
