Silver as an investment

Tag Archives: goldman sachs

Is The Fed About To Drop The MOAB On Wall Street?

Authored by Michael Pento via PentoPort.com, Wall Street and our central bank are in for a rude awakening very soon! The idea that the US economy is on stable footing and about to experience a surge in growth is ridiculous. Hence, the consensus that the Fed can normalize interest rates and its balance sheet is […]

Big Blue Batters Dow To 2-Month Lows As Crude Crashes

No macro today but excuses galore for Goldman's weak quarter and why we should just ignore IBM… Fed's Rosnegren talked up the reduction of the balance sheet and that didn't help…   Optimism overnight quickly faded in US equities (even as the dollar kept rising)…S&P and Dow closed red   Led by crude…   And […]

Scientific Proof ETFs Make Markets Dumber

One of the horses we have beaten to death starting in 2013 (with Why The TBAC Is Suddenly Very Worried About Market Liquidity) is that the relentless growth in ETFs in particular, and passive investing in general, is one of the greatest threats facing the US equity market for one main reason: “phantom liquidity”, and […]

European Stocks, Futures Rebound As Stronger Dollar Eases Haven Demand

European stocks rebounded after the biggest one-day drop since November, alongside S&P futures, while Asian equities posted modest declines after yesterday’s weak US close. Gold and yen slid, while the dollar gained on the latest Mnuchin comments to the FT according to which Trump was “absolutely not” trying to talk down the dollar. European equities […]

Goldman: The S&P 500 Is Not Overvalued–Yet

financialsense.com / VALUEWALK / 04/17/2017 Goldman Sachs is the latest bank to publish research trying to justify the current high level of the market as well as its year-end S&P 500 price target. Goldman laid out its case for further equity gains in a presentation published at the beginning this month titled Where To Invest Now. Across 80 […]

Trump And The Age Of Magical Thinking

Authored by Christopher Whalen via The Institutional Risk Analyst blog, “Anyone taken as an individual is tolerably sensible and reasonable – as a member of a crowd, he at once becomes a blockhead.”   Friederich von Schiller, quoted by Bernard Baruch The term "magical thinking" refers to how children believe that their thoughts have a […]

Dear Hedge Funds: This Is Who Is Responsible For Your Deplorable Returns

Over the past several years we have repeatedly stated that despite protests to the contrary, the single biggest factor explaining the underperformance of the active community in general, and hedge funds in particular, has been the ubiquitous influence of the Fed and other central banks over the capital markets.  Specifically, back in October 2015, we […]

“Think 1999”: Morgan Stanley Sees Huge 30% Surge In Stocks “Investors Cannot Afford To Miss”

With Morgan Stanley’s Adam Parker having left the investment bank to continue his career at Eminence Capital, it was up to his replacement, Michael Wilson to come up with the Initiation of coverage report for the “Classic Late Cycle.” So, in keeping a stiff upper lip, and breaking away from the gloom that appears to […]

Did Trump Surrender to Deep State or is this a Civil War?

armstrongeconomics.com / by Martin Armstrong / Apr 10, 2017 There is a civil war going inside the White House. There is the Steve Bannon clash with the president’s son-in-law, Jared Kushner, who’s taken on an increasingly prominent portfolio in the West Wing. Bannon has complained that Kushner and his allies are trying to undermine his populist approach […]

Hacker Group Releases Password To NSA’s “Top Secret Arsenal” In Protest Of Trump Betrayal

Last August, the intel world was abuzz following the news that a previously unknown hacker collective, “The Shadow Brokers” had hacked and released legitimate hacking tools from the NSA’s own special-ops entity, the “Equation Group”, with initial speculation emerging that the Russians may have penetrated the US spy agency as suggested by none other than […]