Emerging Global and Domestic Markets

Eurekahedge: Greater China Mandates Pay Off for January

A new Index Flash Update from Eurekahedge says that hedge funds are off to a positive start to 2018. The industry globally gained 2.26% in January. Among developed world mandates, North American hedge funds were up 1.89%, followed by those of Japan and Europe, which gained 1.28% each. Higher numbers ...

Latam Currencies Lower on Tuesday

Latin American currencies weakened on Tuesday as the U.S. dollar strengthened worldwide after hitting a three-year low last week. Currencies from Brazil , Mexico and Colombia weakened between 0.3 percent and 0.9 percent. The Chilean peso was barely changed as profit-taking partially offset the globa ...

Irredeemable Currency De-tooths Savers - Keith Weiner (20/02/2018)

February 20, 2018 Arbitrary Interest Rates In the past few weeks, we have argued that interest rates will not rise. We have made our arguments based on observable cases of soft credit demand that falls with rising rates, and analysis of the incentives on creditors and debtors. Ours is a case that ...

Tech Talk for Tuesday February 20th 2018

Pre-opening Comments for Tuesday February 20th U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade. Wal-Mart dropped $6.39 to $98.39 after reporting slightly lower than consensus fourth quarter earnings. The company also lowered guidance. Ho ...

New Low in Gold Stocks is a Strong Buy Signal

    Gold has been on the cusp of a major breakout but someone forgot to tell the gold stocks. Gold is right back at resistance levels yet the various gold stock indices are off their September 2017 highs by 11% to 16%. The relative weakness in the gold stocks (and Silver) is a signal that Gold i ...

Liquidity Legends

The latest and previous stock market corrections could be described as “tightening tantrums.” Investors fretted that the Fed would be raising interest rates faster than had been widely perceived. That was not the case in 2016, when the federal funds rate was raised but only once at the end of ...

ExxonMobil Acquires Stake In BTC Oil Pipeline

ExxonMobil Corp. (NYSE: XOM) has acquired 2.5% stake in the Azeri Baku-Tbilisi-Ceyhan (BTC) pipeline from CIECO, a subsidary of Itochu, an ExxonMobil official said Feb. 19. "ExxonMobil became an owner of 2.5% stake in the BTC project in November 2017," Aygun Tanriverdiyeva, an ExxonMobil official in ...

Macro Briefing: 19 February 2018

Russia issues warning to US on Syrian conflict: BloombergWill tax cuts help GOP retain control of Congress in elections this fall? ReutersUS consumer sentiment jumps to 2nd highest level in 14 years: MarketWatchImport prices for US up more than forecast in January: WSJAre commodities a worthwhile h ...

How soon will electric vehicles make a significant dent in oil demand?

Khalid Al-Falih may be right when he claims the oil industry has nothing to fear from electric vehicles (EVs). Saudi Arabia’s oil minister unsurprisingly is a robust defender of the internal combustion engine (ICE). Contrary to the views of Tesla Inc.’s headline grabbing founder Elon Musk, the ...

5 Things Investors Should Know About China this New Year

Today marks the first day of the Chinese Lunar New Year, also known as the Spring Festival, China’s most important holiday. The fire rooster struts off-stage, clearing the way for the loyal earth dog. According to CLSA’s tongue-in-cheek Feng Shui Index, health care, consumer and paper products a ...