Silver as an investment

Category Archives: S$P

“Mr. Carlson Said One Of His Clients Had 40% Of His Net Worth In Apple”

The WSJ has a good article explaining how schizophrenic the tech rally this year has been, with shares of giant tech firms “cropping up everywhere” in the universe of factor-based strats, even contradictory ones. Some examples: “Apple is in five low-volatility ETFs with a collective $14 billion and nine momentum ETFs with $17.7 billion, according […]

Illinois Bond Spreads Explode As Market Pukes On Latest Batch Of Bad News

zerohedge.com / by Tyler Durden / Jun 12, 2017 5:50 PM On June 1, first S&P the Moody’s almost concurrently downgraded Illinois to the lowest non-Junk rating, BB+/Baa3 respectively, with both rating agencies warning that the ongoing legislative gridlock and budget crisis need to be resolved, or else Illinois will be the first ever US state downgraded to […]

FANG Stocks Slammed After Goldman Warns Of “Valuation Air-Pocket”

Update: FANG Stocks are getting hammered today. * * * The fascination with the influence of a handful of giant tech stocks on the overall markets continued overnight, when one day after Bank of America found that the tech sector is now the "most overweight it has ever been", surpassing even the record clustering into […]

Credit Card Defaults Surge Most Since Financial Crisis

In late April, after some disturbing monthly charge-off reports from major credit card vendors, we reported that according to the latest data from the S&P/Experian Bankcard Default Index, as of March 2017, the default rate on US credit cards had jumped to 3.31%, an increase of 13% from a year ago, and the highest default […]

Futures Flat, Market Anxiety Eased By European Bank Rescue

European and Asian stocks, as well as S&P futures were little changed ahead of “Super Thursday’s” events which include the U.K. general election, Comey’s testimony and the ECB policy decision. That however may change following a Bloomberg news report that the ECB is set to cut inflation forecasts through 2019 due to weaker energy prices, […]

Home Prices Increase at Fastest Pace in Years; National Index at New Record High

financialsense.com / JILL MISLINSKI / 05/30/2017 With today’s release of the March S&P/Case-Shiller Home Price Index, we learned that seasonally adjusted home prices for the benchmark 20-city index were up 0.9% month over month. The seasonally adjusted year-over-year change has hovered between 4.2% and 5.8% for the last twenty-five months. Today’s S&P/Case-Shiller National Home Price Index (Nominal) reached […]

Greek, Italian Risks Weigh On European, Global Markets; Oil, Gold Slide

Tuesday’s session started off on the back foot, with the Euro first sliding on Draghi’s dovish comments before Europarliament on Monday where he signaled no imminent change to ECB’s forward guidance coupled with a Bild report late on Monday according to which Greece was prepared to forego its next debt payment if not relief is […]

Global Rally Fizzles After “OPEC Shock” In “Slow Risk-Off Session”

S&P futures were fractionally lower from yesterday’s record high as European stocks declined and Asian stocks were mixed, pressured by yesterday’s 5% plunge in crude after OPEC unexpectedly “failed to surprise” markets, and announced the bare minimum supply cut extension that was expected by oil traders, who in turn puked long positions. It wasn’t just […]

Traders Spooked After Night Of Sharp, Violent Moves Across All Asset Classes

zerohedge.com / by Tyler Durden / May 25, 2017 6:24 AM It has been a seesion of violent, volatile gaps, starting with sharp gap up in S&P futures on Wednesday night, just around 10pm, which saw ES spike and rally to new all time highs on no news… … which in turn helped generate a sea of green […]

S&P Futs Near All Time High On Strong Euro Data; Oil Drops On Trump’s SPR Sale Plans

zerohedge.com / by Tyler Durden / May 23, 2017  7:05 AM S&P futures rose alongside European stocks as Asian shares posted modest declines. The euro set a new six-month high and European bourses rose as PMI data from Germany and France signaled that the ECB will have to tighten soon as Europe’s recovery remains on track, with the […]