In a relatively quiet session, which may see US traders sleep in a bit after last night's Superbowl thriller, European and Asian shares rose ahead of Mario Draghi’s testimony at the European Parliament, while US equity futures were fractionally higher (up 0.1% to 2,293) after stocks jumped the most in a week, as traders assessed the trajectory for interest rates while scrutinizing every new Trump tweet.
Back in September, Tad Rivelle, Chief Investment Officer for fixed income at LA-based TCW, said in a note that "the time has come to leave the dance floor", noting that "corporate leverage, which has exceeded levels reached before the 2008 financial crisis, is a sign that investors should start preparing for the end of the credit cycle." Ominously, he added that “we’ve lived this story before.” Five months later, the FT reports that TCW, which is also the US asset manager that runs the world’s largest actively managed bond fund, has put its money where its bearish mouth is, and has eliminat
Iran is set to to expose names of individuals and entities in the United States that were responsible for “helping and founding” terrorist groups. The announcement came after US Treasury Department published a list of 13 Iranian individuals and 12 Iranian entities that would face new restrictions following Iran’s recent ballistic missile test. Tehran retaliated to the US sanctions on Friday by saying it would impose legal restrictions on American individuals and entities that were responsible for helping regional terrorist groups.
'If trade stops, war starts' Alibaba founder who visited Donald Trump warns .. 'The world needs globalisation, it needs trade' … Jack Ma met US President Donald Trump last month and announced his company would help create one million jobs in the US. -The Independent
The question is whether Alibaba founder wants to implement trade by force of voluntarily. From what we can tell, he has in mind government passing laws to push markets in the direction he wishes they would go.
Submitted by Chris Hamilton via Econimica blog,
Analysts and talking heads have an awful lot of opinions. Are we in a bubble or aren't we? Rather than offer another opinion, I'll offer the relationship of US economic activity (GDP) against the Wilshire 5000 (representing US equities) and the Federal Reserves gauge of American wealth, Z1 Household Net Worth series. These are the preferred establishment gauges, so take a look and then you decide.