When JPM quant Marko Kolanovic released his latest report today, we were expecting him to read his latest insight on the positioning of quant funds, on the relative imbalance of risk parity, or perhaps whether market gamma was suggesting that the market is poised for an inflection point, either lower or higher.
From The Archive: MH-17
Paul Craig Roberts
Not long ago I wrote that every American institution, public and private, is corrupt. And every week Robert Parry’s reports prove the truth of my statement.
The Census Bureau released its quarterly update on residential vacancies and homeownership for Q1 which is closely watched for its update of how many Americans own versus rent. It shows that following a modest pickup in the homeownership rate in the prior two quarters, US homeowners once again posted a substantial decline, sliding from 63.8% to 63.5%, and just 0.1% higher than the 50 year low reported in Q2 2015.
Syria has strongly condemned the United States for the deployment of troops on its soil, saying that the move amounts to aggression and a gross violation of national sovereignty. Russian media revealed on Wednesday that the first batch of US army personnel, including 150 soldiers and officers, had arrived safely to the Kurdish controlled Rumeilan Military Airport in Syrian territory.
As we approach the mid point of earnings season (this is the busiest week of the Q1 earnings season with 39% of companies having already reported in the US, 33% in Europe and 17% in Japan), here is a quick summary of where we stand.
Here is a quick rundown courtesy of JPM: