Trading | May 31

Authored by Kevin Muir via The Macro Tourist blog, As a former equity guy, it pains me to say that when the bond and equity markets are at odds, it usually pays to go with the bond guys. Let’s face it,

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Trading | May 31

Less than a week after Moody’s downgraded China’s sovereign credit rating, prompting an unprecedented currency response by the PBOC which as noted earlier resumed its crusade against Yuan shorts by sending CNH overnight deposit rates as high as 65%, on Wednesday

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Trading | May 31

Authored by Thorstein Polleit via The Mises Institute, The US bond market trades at a quite high valuation. For instance, the 10-year US Treasury bond presents a price earnings (PE) ratio of 43. In other words: It takes 43 years for

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Trading | May 31

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. In the rancorous to and fro over the repeal of ObamaCare and its possible replacement with the American Health Care Act, an elephant in the room

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Trading | May 31

The collapse in volatility is finally trickling up to the big banks. Moments ago, JPM CFO Marianne Lake speaking at a Deutsche Bank conference in New York, warned that contrary to expectations for an ongoing rebound in revenue and profits, the

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Trading | May 31

Employment, new orders, and production all slowed notably in May according to the MNI Chicago PMI report. Printing at 55.2 – below the lowest expectation – this is the lowest level since January’s collapse. Forecast range 56 – 62 from 34

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Trading | May 31

Signed contracts in April tumbled 5.4% YoY (NSA). This is the biggest drop in pending home sales since August 2014 and comes on the back of last week’s disappointing housing ‘recovery’ data as perhaps Fed- and Trump-driven mortgage-rate rises have finally

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Trading | May 30

US home prices (in the 20-city Case-Shiller universe) rose at 5.89% YoY – the strongest growth since July 2014. This has pushed the national home price index to new record highs…   Perfect time to hike rates and deflate yet another

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Trading | May 30

After a delighted Kim Jong Un supervised the latest successful test of North Korea’s latest ballistic missile controlled by a precision guidance system, the leader ordered the development of more powerful strategic weapons, the official KCNA news agency reported on Tuesday.

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