Junk Bonds Dump To 3-Month Lows Amid Longest Curve Flattening Streak In 6 Years
Ignoring the surge in junk bond risk and collapse of the yield curve, stock investors were overheard saying...
Gold remains the post-Saudi-purge winner...
Ignoring the surge in junk bond risk and collapse of the yield curve, stock investors were overheard saying...
Gold remains the post-Saudi-purge winner...
"A Happy Trumpiversary to all our readers this morning"
- Deutsche Bank
U.S. equity futures are little changed as European and Asian shares retreated, led by sliding bank stocks and a drop in the dollar as doubts over republican tax cuts and ongoing bond curve flattening hurt sentiment and prompted fresh questions over the viability of the US expansion.
During his trip to London this week, US Commerce Secretary, Wilbur Ross, wasn’t only defending revelations in the Paradise Papers that he’d invested in a shipping company with ties to the Putin family. He also attended a “closed-door meeting” with executives from JPMorgan, Goldman, HSBC and other banks. The meeting took place over lunch in the exclusive St James’s District (hedge fund land these days) at Wiltons restaurant.
Authored by Jeffrey Snider via Alhambra Investment Partners,
European GDP rose 0.6% quarter-over-quarter in Q3 2017, the eighteenth consecutive increase for the Continental (EA 19) economy. That latter result is being heralded as some sort of achievement, though the 0.6% is also to a lesser degree. The truth is that neither is meaningful, and that Europe’s economy continues toward instead the abyss.