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Weekend Reading: Storm Warning

Weekend Reading: Storm Warning
Authored by Lance Roberts via RealInvestmentAdvice.com, No, I am not talking about “Hurricane Harvey” which will likely be the first hurricane to strike the Texas coast since 2008, but rather the potential for another “debt ceiling” debacle brewing in Washington. Just recently, Goldman Sachs raised its odds for a government shutdown from 33% to 50% which was further supported by recent... Read More

T.Rowe Price Issues A Warning For Investors, Cuts Stock Allocation To Lowest Since 2000

T.Rowe Price Issues A Warning For Investors, Cuts Stock Allocation To Lowest Since 2000
One day after DoubleLine chief Jeff Gundlach told Bloomberg TV that it is time for investors to head for the exits as his highest conviction trade is "volatility is about to go up", and that he is reducing his positions in junk bonds, EM debt and other lower-quality investments on fears investor sentiment may roll over (explaining later to CNBC... Read More

The Long, Unwinding Road Of Quantitative Easing

The Long, Unwinding Road Of Quantitative Easing
Authored by Mark Burgess via Columbia Theadneedle Investments blog,  Quantitative easing has served as a life raft for many of the world’s economies. Now central banks face the prospect of moving on, but the question is: how? For investors, the implementation of quantitative easing (QE) has had many benefits, but the withdrawal of this extraordinary monetary support is likely to... Read More

13 Truths About How Money Really Works

13 Truths About How Money Really Works
Authored by Lance Roberts via RealInvestmentAdvice.com, There is an increasing amount of commentary which suggests this time is different. Active management of portfolios is no longer needed, as Central Banks continue to be supportive of the markets, so join in on the “passive indexing” sweeping the country. Of course, such commentary has always the case near the peak of a cyclical “bull market” as the... Read More

One Bank’s Surprising Finding: “It’s Not Complacency But Paralysis”

One Bank’s Surprising Finding: “It’s Not Complacency But Paralysis”
    Complacent: Contented to a fault; self-satisfied - The American Heritage Dictionary Three weeks after the volatility-obsessed Deutsche Bank derivatives expert Aleksandar Kocic went so far as to not only qualify what he said was pervasive market complacency, but to also quantify it, and observe the exact moment when the market stopped caring and reacting to macro developments, some time... Read More

The Major Wildcard That Could Send Oil To $120

The Major Wildcard That Could Send Oil To $120
Authored by Nick Cunningham via OilPrice.com, The latest rally in oil prices ran up against a wall yet again, and the same fears about oversupply have not receded in the slightest. The expectation from most oil analysts is that there is very little room on the upside for oil prices and that we will have to wait until 2018 at... Read More

Is ‘Oil God’ Andy Hall The Latest Victim Of “Fake News”?

Is ‘Oil God’ Andy Hall The Latest Victim Of “Fake News”?
Raymond James' J. Marshall Adkins invoked one of President Trump's favorite phrases to explain oil's plunge, and to excuse his bullish bias (that crude can rise to as much as $65 a barrel). As Bloomberg notes, conventional wisdom holds that resilient U.S. shale drilling, underwhelming progress towards OPEC’s goal in slimming global oil inventories, and output recoveries from nations exempt... Read More

Dear Bitcoin ‘Wealth Preservers”, You’re Doing it Wrong

Dear Bitcoin ‘Wealth Preservers”, You’re Doing it Wrong
The Point by Fay Dress for Soren K. Group Can you, the reader, substitute Bitcoin for Gold in this statement made by a pre-sellout Alan Greenspan? ? We  cannot.  Bitcoin is Not Money ( and Neither is FIAT) Here is why we cannot:  Bitcoin is a medium of transfer. It is not money yet. It will likely NEVER  be money. While it shares one excellent... Read More

Janet Yellen’s Monetary Policy Just Eased 50 bps and She Can’t Be Happy – by Michael Carino – Greenwich Endeavors

Janet Yellen’s Monetary Policy Just Eased 50 bps and She Can’t Be Happy – by Michael Carino – Greenwich Endeavors
  Over the last two months, the Fed has tried to continue to communicate that they plan on raising rates up to at least 3% and reduce their balance sheet by trillions.  They just raised the Fed Funds rate by 25 bps to 1.25%. However, long term rates rallied by 50 bps!   And the short end of the interest rate... Read More

BofA: “Has The Fed Become Concerned About The Surge In Stocks?”

BofA: “Has The Fed Become Concerned About The Surge In Stocks?”
In a unexpectedly gloomy note from BofA's Chief strategist David Woo, titled "Sell before it's too late", the analyst writes that this is "a market with risk off written all over it" largely as a result of a string of weaker-than-expected US data over the past week, which "has only strengthened our view that the US economy is losing momentum"... Read More