Remember when 2016 was the year when the US economy was finally supposed to take off on "above trend" growth? Make that 2017.
Here is JPM's chief economist Michael Feroli doing what banks are so good at doing: cutting their own US GDP growth forecasts.
Shave and a haircut, first half
Laugh or cry, the choice is yours.
Here is trader Keith Bliss explaining why one should listen to the "stock whisperer", and ignore fundamentals.
He maybe on to something...
Since macro doesn't matter...
And neither do earnings...
According to Bliss, trading is simple as 1, 2, 3:
I attended a panel discussion on private blockchains in banking at UBS in NYC last night. There were two overarching misconceptions that appeared to permeate the discussions:
Counterparties can be trusted, hence you can build reliable systems with trusted parties, and;
Yesterday, when we wrote that "Gartman remains bearish of stocks" we cited the "commodity king" as follows:
Submitted by Nick Cunningham via OilPrice.com,
Lenders to the oil and gas industry have been extraordinarily lenient amid the worst downturn in decades, allowing indebted companies to survive a little while longer in hopes of a rebound in oil prices. But the screws are set to tighten just a bit more as the periodic credit redetermination period finishes up.