You are here

United States

The World's Biggest Bear Calls It: "We Have Finally Hit The Peak Of The Cycle"

The World's Biggest Bear Calls It: "We Have Finally Hit The Peak Of The Cycle"

Shortly after Deutsche became the latest bank to warn that "markets seem to have entered frothy territory", going so far as to utter the dreaded "bubble" word, and suggesting that this time it will be different as "unlike 2016, the Fed does not appear to have enough patience anymore to postpone the rate hikes" and adding that "unfortunately, the Fed's resolution to raise rates this time seems to be firmer than in 2015 because of their assessment that US economy has almost reached full employment", one of the market's biggest bears actually scratch that, the market's biggest

What Oil Bulls Are Missing: "The Oil Is Just Being Moved Elsewhere"

What Oil Bulls Are Missing: "The Oil Is Just Being Moved Elsewhere"

Dispensing his usual dose of optimistic crude oil buzzkill, Bloomberg energy strategist Julian Lee points out something troubling to both OPEC, and those who are hoping that the latest dip in oil will finally lead to a sharp rally. He writes that while at first glance, this year’s diminishing U.S. oil stockpiles appear to support the notion OPEC is finally getting the global crude glut under control. Surging exports mean that the market should treat that idea with caution.

Deutsche Bank Warns "Markets Seem To Have Entered Frothy Territory (If Not Being In A Bubble)"

Deutsche Bank Warns "Markets Seem To Have Entered Frothy Territory (If Not Being In A Bubble)"

Another day, another warning of market froth, only this time not from the (widely ignored) Federal Reserve, but from Mikihiro Matsuoka, chief economist at Deutsche Bank who in a note released on Monday says that he believes that "the equity market in developed countries begins to show symptoms of ‘froth’. A simple average of the standard deviation of the stock market capitalization as percentage of GDP of seven major developed countries has been approaching very close to the previous peaks of 2000 and 2008.

Frontrunning: July 10

  • World stocks rally, dollar up to two-month high against yen (Reuters)
  • Oil Prices Fall Amid Rising U.S. Production (WSJ)
  • Trump’s ‘America First’ Policy Proves to Be an Immovable Object at G-20 (WSJ)
  • Russia says joint cyber unit with U.S. will take time to set up (Reuters)
  • Senate Health Bill Fails to Pick Up Support After Week of Recess (BBG)
  • Trump’s Massive Tax-Cut Plan Faces ‘Train Wreck’ of a Calendar (BBG)
  • Trump's push to replace Obamacare faces trouble as U.S. Congress returns (Reuters)

Pages