Weekend Reading: Keeping You Awake At Night
Authored by Lance Roberts via RealInvestmentAdvice.com,
In her last testimony before Congress as head of the Federal Reserve, Janet Yellen made a curious statement:
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Business
Stock Markets Mueller'd As Yield Curve Collapse Continues
So to summarize - the former national security chief agrees to testify against the sitting president and The Dow drops 40pts...
China stocks were mixed with CHINEXT surging overnight but CSI300 ending at the lows (worst week in 2017)
Asian 'FANG' Stocks Suffer Worst Week In History
Representing a major segment of EM stocks, TATS are the Asian 'FANGs', and they just suffered their worst week on record.
Taiwan Semi, Alibaba, Tencent, and Samsung are TATS and account for over 16% of the MSCI EM Stock index (considerably more than FANG stocks represent in the S&P).
TATS have traded lower for 4 of the last 5 days - tumbling almost 8% to one month lows...
Tencent is the biggest loser...
The biggest weekly drop in the history of the 4 stocks...
Overnight no BTFD in these names.
Who Will Win The Self-Driving Taxi Race?
Authored by Jon Lesage via OilPrice.com,
Ride-hailing firms Uber and Lyft have become transportation platforms for automakers and tech giants to someday bring automated, electrified mobility to the mass market. It’s still years in the making, but both companies are gaining significant support during a year when it looked like Uber could be coming to an end.
Is This The Reason For EONIA's "Mystery" Surge?
'Mystery' solved... maybe.
Bloomberg is reporting that excess liquidity within Greek banks - who leant it to their credit-risky peers at notably high rates - are responsible for the sudden, scary spike in EONIA over the last two days, according to two bankers with knowledge of the matter.