Update: Chinese stocks are seeing no lift whatsoever from the rate cuts…CSI-300 is fading fast…And*SHANGHAI COMPOSITE INDEX SLIDES 3.3%
*SUGA: HOPE CHINA RATE CUT WILL CONTRIBUTE TO CHINA GROWTH
Confusion reigns at Bloomberg also… (look at URL – original title, and compared to title posted at 8pmET)…And now…h/t BeermunkAs we detailed earlier:The Asia morning begins mixed in stock markets, The PBOC explains […]
Societe GeneraleFinancial sector up like crazy thanks to the crazy stock market surge.China’s volatile stock market has been front and center over the last few months.The Shanghai Composite Index exploded to all-time highs in June, and then crashed about a month later.But although the stocks grabbed everyone’s attention, it’s also important to look at what’s going on in the rest of […]
The Original AnecdoteThere is a well-known – though likely apocryphal – anecdote from the end of the roaring 20s. It involves Joseph P. Kennedy, US ambassador to the UK from the late 1930s to mid 1940s. Before he entered the civil service and politics, he had made a name (and a fortune) for himself as a businessman and investor. On […]
(NaturalNews) Amid a global financial system that remains in flux, oil prices tanked Friday as well, sending prices below $40 a barrel for the first time since the Global Recession was at its peak in 2009.Prices touched a six-and-a-half year low of $39.86 a barrel for a brief period, rising above $40 to settle around just above that mark by […]
Momentum traders – relying on the ‘trend is your friend’ theme – may have a rude awakening soon as momentum stocks trade at a stunning 50% premium to the market (vs an average 20%). As BofAML notes, high growth, high multiple names that have been leading the market over the past year are showing some signs suggest we are close […]
China surprised everyone for the second day running, slashing the value of its currency against the dollar. There are lots of different explanations. It could be seen as a move to boost falling exports, to prepare for a US interest rate rise or just to give the currency more flexibility to move in the future as growth slows.But the UK, EU and […]
Lucia Mutikani of Reuters reports, Improving U.S. jobs market bolsters case for Fed rate hike:
U.S. employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that could open the door wider to a Federal Reserve interest rate hike in September.Nonfarm payrolls increased 215,000 last month as […]
Now Is The Time – Fear Rises As Financial Markets All Over The Planet Start To Crash
By Michael Snyder, on July 27th, 2015Can you feel the panic in the air? CNN Money’s Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. The closer it is to zero, the […]
1. The commodity rout continues to pull down global stocksAsian stock markets dropped for the fourth day, Bloomberg reports.China’s stocks tumbled, with its benchmark index falling the most since February 2007 on concerns the Chinese government won’t be able to continue propping up the market. The Shanghai Composite Index plunged 8.5 per cent to 3,725.56 at the close, as 75 […]
This seemed appropriate…But “everything was awesome”?Russell 2000 -3.1% – worst week since Oct 2014 (Bullard)
Dow -2.8% – worst week since Dec 2014
S&P -2.1% – worst week since Jan 2015
Trannies -2.8% – worst week since Mar 2015
Nasdaq -2.2% – worst week since Mar 2015
Who is to blame for all this?Leaving The Dow comfortably red year-to-date…This is notable.. VIX was pressed notably […]
