Silver as an investment

Category Archives: Economy of New York City

Frontrunning: August 7

Futures slightly higher after Dow’s record run (Reuters) Tillerson says U.S., Russia can settle differences (Reuters) Hot-Stock Rally Tests the Patience of Value Investors (WSJ) ‘Good Conservative’ Grassley Ramps Up His Panel’s Trump-Russia Probe (BBG) Brands Strike Back: Seven Strategies to Loosen Amazon’s Grip (WSJ) Oil slides from nine-week highs as market looks to OPEC […]

Morgan Stanley Triumphs Again: Posts Higher FICC Revenue Than Goldman Sachs

After yesterday’s stunning 40% plunge in Goldman’s FICC revenue, market watchers and MS shareholders were nervously anticipating the release of today’s Morgan Stanley Q2 earnings data. In retrospect, they had no reason to be worried, because moments ago MS reported revenue and EPS which both beat expectations, with Q2 EPS of $0.87 (est $0.76) on […]

Treasury Turmoil Returns As Fed-Flip-Flop Sends Stocks To Record Highs, VIX Below 10

Yellen's speaking again… give it all you've got!!   Stocks stalled early on (around 1010ET) thanks to inflation comments from Yellen, but that dip was bid back to the highs…then they took a little spill when Fed's Brainard admitted "asset valuations do look a bit stretched" around 1400ET. Once again the rally-monkeys came out – […]

Frontrunning: July 5

U.S. Warns North Korea It’s Ready for War Over Missiles (WSJ) U.S., South Korea stage show of force against North Korea (Reuters) UN to Meet on North Korea as U.S. Confirms Rocket Was ICBM (BBG) Trump talks tough, options limited (Reuters) North Korea, Putin Meeting Top Agenda For Trump’s Tripa (WSJ) Ahead of fractious G20, […]

Treasury Yields Spike Amid A Burst In Early Volume

Following the previously noted ongoing rise in yields around the globe on the back of this week’s unexpected and coordinated central bank hawkish jawboning which sent 10Y Bunds as high as 0.43%, double where they were earlier in the week… … the fixed income sell-off continued in early NY orders with US yields leading the […]

Will Gold’s Tumble Continue? Here Is Citi’s Answer

This morning's flash-crash dump of over $2 billion notional in gold futures broke numerous technical levels, but as the precious metal bounces back off support, the question is will the bounce continue? Citi answers…   Having tested up towards its 50-day moving average (green line), this morning's sudden and heavy volume flash-crash plunged the precious […]

The Lost Goldman Sachs 1985 Fixed Income Recruiting Video

Authord by Sarah Butcher via eFinancialCareers.com, In 1985, Goldman Sachs was still a partnership. The current partners owned around 80% of the firm, retired partners held the remainder. Lloyd Blankfein was a 31 year-old trader at J. Aron, the commodities house Goldman had purchased four years earlier. Run by John Weinberg, a former M&A banker, […]

Frontrunning: June 20

Central bank caution beefs up stock gains (Reuters) Pound Drops as BOE’s Carney Says Not Yet Time to Raise Rates (BBG) Oil Just Hit Its Lowest Level of the Year (BBG) Britain charges Barclays, ex-bosses over ‘unlawful’ Qatari deal (Reuters) Senate GOP Sets Ambitious Deadline on Health-Care Vote (WSJ) Both Parties Have a Lot to […]

Venezuela’s ‘Goldman Bounce’ In Reserves Is Gone

The boost in foreign reserves Venezuela enjoyed after Goldman Sachs investment arm picked up $2.8 billion of bonds from the state oil company is almost gone. "We're gonna need another boost…" – time for some more Goldman 'swaps'? As Bloomberg notes, the country’s cash hoard has fallen $326 million this week to $10.2 billion, near the 15-year […]

SocGen: “This Is What Happens When The Algos All Head For The Exit At The Same Time”

After Goldman, JPM and even Dennis Gartman all opined on Friday’s “tech wreck”, in which the Nasdaq tumbled 2% as the Dow Jones hit new all time highs (the only previous time it has done that was in 1999 just as the tech bubble was ramping up), and when the Philly semiconductor index fell 4.2%, […]