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Summer of Love
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If the pattern in the stock market mirroring
1967 that has unfolded so far this year holds in
the second half, we may see a volatile market
with a slower pace of gains — but more record
highs ahead.
LPL Financial, August 5, 2013 , Jeffrey Kleintop, CFA, Chief Market Strategist
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The exception “à la française” of bond yields
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The French government has enjoyed low financing yields since the onset of the global financial crisis. Yet it appears to us that fiscal fundamentals do not justify such a narrow yield spread with German Bunds.
Lombard Odier, Investment Strategy Bulletin - 05/08/2013
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Cotton Candy Economics
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Sugar, a staple commodity, has taken on a growing share of our diet over the past century. But it wasn’t always like that.
Lobnek Wealth Management, August 2013 , Altug Ulkumen, CFA, Independent Contributor
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Fears of "lost decade"
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Interactive Investor, July 25th 2013 , Ken Fisher
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Dependence on US monetary conditions
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GaveKal Research, July 12, 2013 , Joyce Poon
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On MF Global's levered position in distressed European peripheral sovereign debt in April 2011
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Epsilon Theory, July 2013 , Ben Hunt
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The Fed's Bind: Tapering, Timetable and Turmoil
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"I see striking parallels between the dramatic recent sell-off in U.S. Treasuries and the Great Bond Crash of 1994. To make matters worse, today’s bond market is even more sensitive to fears about tightening thanks to the U.S. Federal Reserve’s unprecedented expansionary program since the 2008 crisis."
Guggenheim Investments, July 2013 , Scott Minerd
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Food for the Mind from Friedrich A. von Hayek
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A selection of observations from the great Austrian economist. In stark contrast to the neo-classical school Hayek reminded us that a good economist is also a student of history, philosophy, psychology, sociology and even of biology.
Investments Office, July 2013
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Easing’s Quantitative Analytics
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Fed-head Ben Bernanke has started walking back from his June suggestion quantitative easing (QE) might end soon, and investors seem pleased with the U-turn. In our view though, that cheer is rather misplaced. Data show current Fed policy is contractionary for the economy, and in our view, its eventual end should be bullish for stocks.
Fisher Investments, July 12, 2013 , By Fisher Investments Editorial Staff
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Central Bank Asset Purchases and Financial Markets
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Interesting comments and charts from an external member of the Bank of England's Monetary Policy Committee.
Bank of England, Speech, June 26th, 2013 , Speech given by David Miles
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