Frontrunning: July 25
Dollar slumps to 13-month lows before Fed; euro up (Reuters)Overwhelming approval likely for Russia bill (Reuters)Trump to study tougher Russia sanctions bill: White House (Reuters)Unrest bubbles among...
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When Will The ECB Run Out Of German Bunds To Buy: Here Is The Math
Speaking earlier on Monday, ECB governing council member Ewald Nowotny said that despite growing market concerns, the ECB "sees no need to set a timetable to end bond buying" adding that "the question...
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FOMC Preview: Just 2 Things To Watch For In Today's Fed Statement
Unlike the June Fed meeting, the FOMC announcement at 2pm today is expected to be an uneventful affair: as DB's Jim Reid pointed out earlier, "given its late July and given the Fed will likely announce...
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Deutsche Bank Tumbles After Abysmal Trading Results
Deutsche Bank shares tumbled 4% on Thursday after reporting better than expected earnings, driven by provisions and dramatic cost-cutting, more than offset however by a sharp drop in overall company...
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Global Stocks Hit New All Time High As Dollar Rebounds; Europe Volatile On...
The levitation continues with S&P futures pointing to - what else - another higher open while European stocks swung between gains and losses on the busiest earnings days of the year (85 of the...
View ArticleFrontrunning: July 27
Healthcare showdown (Reuters)Tax Overhaul in Doubt With House Stuck on Budget Disagreements (BBG)Dollar steadies after Fed skid, shares hit new highs (Reuters)Samsung Is Closing In on Apple as World’s...
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Bill Blain: "Are We In A Bubble About To Burst, Or Are We Facing Massive...
Submitted by Bill Blain of Mint PartnersAre We In A Bubble About To Burst, Or Are We Facing Massive Equity Upside?“A liberal is a conservative who has been arrested.”No surprises from the Fed last...
View ArticleFrontrunning: July 28
‘Skinny’ Repeal of Obamacare Fails (WSJ)Bad News If You Make $150,000 to $300,000: Higher Taxes for Many (WSJ)Senators Move to Block Trump From Ousting Sessions (WSJ)Amazon’s Expansion Takes Toll...
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Schwab: "New Accounts Are At Levels We Have Not Seen Since The Dot Com...
We can now officially close the book on the "cash on the sidelines."One week ago, we reported that in the latest weekly survey of Bank of America high net worth clients, the cash allocation had fallen...
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Beijing Blowback Begins: China Orders Anbang To Sell Its Overseas Assets
Two weeks ago, when discussing the troubles plaguing one of China's conglomerates and "boldest dealmaker", HNA Group - recently best known for acquiring Anthony Scaramucci's SkyBridge capital in a...
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These Were The Best Performing Assets In July And YTD
July was a great month for virtually all asset classes (at least those tracked by Deutsche Bank) with the notable exception of what, which tumbled after surging previously. As DB's Jim Reid writes,...
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Europe's Banking Dysfunction Worsens
Authored by Chris Whalen via The Institutional Risk Analyst,“While the US and the UK have been mired in political chaos this year, the EU has enjoyed improved economic conditions and some political...
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LBMA London Gold Vault holdings - How Low Can You Go?
Submitted by Ronan Manly, BullionStar.comThe London Bullion Market Association (LBMA) has just released a first update on the quantity of physical gold and silver holdings stored in the ‘LBMA’ London...
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As D-Day Looms, The Maturity Of ECB's Bund Purchases Drops Again
With every passing month, the ECB gets closer to its (QE)D-Day: the day when it runs out of bonds to buy, which according to recent calculations could take place in just a few months unless the ECB...
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US Equities Are Now 'Safer' Than Foreign Exchange
While Draghi shook things up in late June, it appears to be Janet Yellen's flip-flop that has sparked the latest regime shift in global capital markets.Since then, traders' expectations for foreign...
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10 Years Ago Today Money Markets Seized Up, The ECB Bailed Out BNP Paribas,...
On this day 10 years ago, money markets started to seize up, requiring heavily-coordinated central bank action that launched an extraordinary period of central bank activity that is still in full swing...
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The Secret History Of The Banking Crisis
Authored by Adam Tooze via ProspectMagazine.co.uk,Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be...
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Cash-Strapped Qatar Unexpectedly Cuts Credit Suisse Stake
Is the ongoing Qatar blockade starting to seriously squeeze the finances of the tiny, but rich (or maybe not so rich any more) Gulf nation? Overnight, Credit Suisse's largest shareholder, Qatar,...
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"From Nukes To Terrorism": Battered Investors Flee Risk For Safety Of Bonds...
The global risk-off mood accelerated overnight on Trump "stability concerns", coupled with fallout from the Spain terrorist attack and lingering North Korea tensions, even if the VIX is off its latest...
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Gavekal On The Coming Clash Of Empires: Russia's Role As A Global Game-Changer
Submitted by Charles and Louis-Vincent Gave of Gavekal ResearchCarthago Est Delenda“Carthage must be destroyed”. Cato the elder would conclude his speeches in the Roman Senate with the admonition that...
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