Fund Managers’ Current Asset Allocation – July

Summary: Overall, fund managers’ asset allocations in July provide a confused view.On the one hand, fund managers raised cash to a 6 1/2 year high. It hasn’t been this high since the height of panic in late 2008. This is normally contrarian bullish.Note, however, that allocations to equities rose over the past month. Most of the rise in cash came […]

China's stock market crash is a problem for the whole world | Isabel …

‘International investors have called the recovery a dead cat bounce, and the leadership’s reputation with its own people has suffered a serious blow.’ Photograph: Imaginechina/Corbis
The Chinese stock market crash came to a juddering halt yesterday, after a nailbiting three weeks that left investors $3tn poorer. The halt came after an escalating series of interventions that culminated in the suspension of […]

Biotech Stock Roundup: Juno-Celgene In Immunotherapy Deal …

The Celgene Corporation (CELG – Analyst Report) – Juno Therapeutics’ (JUNO – Analyst Report) immunotherapy deal worth at least a billion dollars was the main story in the biotech sector this week. While concerns are being raised about the high price tag, the deal just goes to show the growing interest in the field of immunotherapy. Meanwhile, quite a few […]

Stocks are falling after chaotic news out of Greece this weekend …

FinVizStocks are rolling over.Near 2:35 pm ET, stocks were at their lowest levels of the day with the Dow down 300, the S&P 500 down 37 points, and the Nasdaq down 104. The Nasdaq was the day’s biggest loser on a percentage basis, falling more than 2%, while the S&P 500 was down about 1.8% and the Dow was off 1.6%. With […]

Greek debt crisis: protests as EC urges yes vote in referendum – as …

A closed bank in Athens this morning. Photograph: Thanassis Stavrakis/AP
Good morning.The Greek debt crisis is set to sent turmoil through Europe’s financial markets this morning, as the looming prospect of Greece plunging out of the eurozone sends panic through trading floors.Shares are set to tumble in London, Frankfurt, Paris and beyond, after a dramatic weekend which began with Alexis […]

ECONOMIST: 'We are watching stock markets … – Business Insider

Myles Udland

Jun. 28, 2015, 4:19 PM
REUTERS/Ralph OrlowskiAt least one trader is paying attention to 3 things on Monday: stocks, European bonds, and the euro.We’re just a few hours from the opening of futures markets in the US, and Wall Street strategist notes are starting to roll in. Over at Bank of Tokyo Mitsubishi, Chris Rupkey writes that right now, the Greek […]

It's Going To Be An Interesting Week: After The Chinese Stock …

After The Chinese Stock Market Crash There Will Be A Margin Call On $370 Billion Dollars Worth Of Debt Next Week!!!SNIPChina’s stock markets tumbled on Friday to near bear territory further deepening the sell-off that started two weeks ago. The Shanghai Composite, down 7.4% on the day, has fallen 19% from its June 12 high wiping out $1.25 trillion in […]

Greece / Stock Market Played Like a Bouzouki :: The Market Oracle …

Greece / Stock Market Played Like a BouzoukiStock-Markets / Stock Markets 2015Jun 23, 2015 – 10:12 AM GMTBy: JesseWe have a deal!No really. This time we do have a deal. Uh, we think.And the cry went forth, and Very Serious People breathed a sigh of relief, the Greek people continued to take their euros out of the banks, and the […]

Rising Risk Aversion

While Thursday’s weak CPI report gave hope that inflation might stay too low for the Fed to realistically raise rates, much of the week’s equity rally had more to do with four weeks of steadily receding momentum than with the hope that rate hikes might be postponed into 2016 – even the more dovish Fed couldn’t stand in the way […]

Total Greek Deal Failure Sparks Biggest Buying Spree Since 2011, Stocks Set New Records

Just to confirm reality for a second…

Yesterday: Yellen sees global turmoil if no Greece deal.
Today: Greece deal falls apart, ECB hints at bank runs; -> stocks hit record
Confused? Don’t be… Only one clip seems appropriate for a day like this…As long as you ignore Greek contagion, economic downgrades, weak earnings, and that general sense that none of this makes any […]