Trading Ideas

7 serious strategies for reward credit card fanatics

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Investor Returns vs. Market Returns: The Failure Endures

The inability of the crowd to earn anything close to Mr. Market’s performance is a hardy perennial. Although replicating market betas via low-cost index products has become child’s play, the persistent failure by most investors on this front is striking, as a recent study by Dalbar reminds. The ...

Before the Bell: What every Canadian investor needs to know today

A rundown of what to expect this trading day and the stocks that'll see action ...

Gold Investment “Compelling” As Fed May “Kill The Business Cycle”

Gold Investment “Compelling” As Fed Likely To Create Next Recession – Is the Fed about to kill the business cycle? – 16 out of 19 rate-hike cycles in past 100 years ended in recession – Total global debt at all time high – see chart – Global debt is 327% of world GDP – ticking time ...

Is it time for the Bank of England to target nominal GDP?

In December 2012, the then Governor of the Bank of Canada, Mark Carney, gave a speech entitled “Guidance” to the CFA Society of Toronto. Less than two weeks earlier, the UK Chancellor of the Exchequer, George Osborne, had announced that Carney would be the 120th Governor of the Bank of England ...

Dollar holds onto gains in Asia

HONG KONG: The dollar built on gains against the yen on Thursday (Sep 21) after the Federal Reserve unveiled plans to wind down its crisis-era stimulus and hinted at another interest rate hike before the end of the year. Fed boss Janet Yellen said the world’s biggest economy was “performing wel ...

Ringgit a touch weaker but not ruffled post FOMC

By Bernama – September 21, 2017 @ 9:50am KUALA LUMPUR: The ringgit opened lower against the US dollar today as the greenback advanced after the US Federal Reserve System (Fed) left its interest rate unchanged at its meeting yesterday. At 9am, the local unit was quoted at 4.1965/2005 against ...

U.S Dollar Hanging Tough For Now

September 21: Five things the markets are talking about The Fed’s decision to leave the benchmark interest rate unchanged was entirely anticipated yesterday, but their ‘hawkish’ forecast for where rates will be at the end of the year caught some of the market by surprise. As expected, the Fe ...

September 20, 2017

PerpetualDiscounts now yield 5.43%, equivalent to 7.06% interest at the standard equivalency factor of 1.3x. Long corporates now yield about 4.05%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is now about 300bp, a significant tightening from the 310bp rep ...

Feds Hawkish Dots Surprise

Feds Hawkish Dots Surprise   The Fed(dots) surprised on the hawkish side, paving the road for a broad USD rally as the FX markets activity roared back to life with volumes surged. US 10y yields rose 6bps towards 2.29%, while equities and gold all took a dip lower. The markets jumped to attention w ...