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For BlackRock, This Is The Red Flag Among Record Low Volatility

For BlackRock, This Is The Red Flag Among Record Low Volatility

With both volatility and asset correlations near all time lows...

... and complacency dominating across all global markets, one BlackRock money manager warns that investors should probably be a little more nervous.

Even as the recent stock surge and below-average volatility show investor optimism is near all time highs, markets are underpricing global political risks, said Russ Koesterich, who helps manage the $41 billion BlackRock Global Allocation Fund.

Tony Blair Urges Brexit Opponents To "Rise Up" And Fight To Stay In The EU

In a fiery speech delivered in London aimed to show U.K. Prime Minister Theresa May that she won’t get everything her own way, former British Prime Minister Tony Blair Tony Blair urged opponents of Brexit to “rise up” and fight to change the British people’s minds about leaving the European Union. 

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Some Good News For Active Managers: First Weekly Mutual Fund Inflow In 12 Months

Some Good News For Active Managers: First Weekly Mutual Fund Inflow In 12 Months

Finally some good news for active managers. After one year of consecutive outflows, last week saw the first inflows into long-only equity mutual funds going back to last February, as according to BofA there finally was a $0.5 billion cash inflow, "a sign of rising investor confidence & broadening participation in equity rally." However, to put this number in context, at the same time inflows to ETFs amounted to $17.2 billion, some 35 time more.

BofA's Michael Hartnett summarizes the latest fund flows in two words: "Risk-on."

Lord Rothschild Given Control Over Greek Economy

The Financial Times has confirmed that the Rothschild family will be placed in charge of the Greek economy with immediate effect.  According to reports, Lord Rothschild will become the new economic adviser to Greece, controlling the country’s debt and negotiations with creditors. The Greek government are rushing to finalize the appointment before talks with Eurozone finance ministers resume on February 20. The Rothschild company will take over the role of the US based banking firm Lazard.

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