By admin / January 14, 2018
The following chart depicts this election cycle, i.e., the average four-year pattern of the Dow Jones Industrial Average over more than a century. On the left hand side you see the pattern during the election year, followed by the first post-election year. Thereafter comes the mid-term pattern – which is highlighted by a red circle –
By admin / January 12, 2018
Rankings of Yearly Hours Worked... U.S. workers put in a 1,779 hour shift every year while across the border in Canada, the annual total adds up to 1,691. French workers get a much better deal with 1,482 hours while in Germany, the total only comes to 1,371.
By admin / January 8, 2018
JPM writes, any given cryptocurrency faces competition from other cryptocurrencies, posing risks to their individual valuations. Indeed, the market capitalisation of Bitcoin has risen by around $100bn to around $270bn since late November, while other cryptocurrencies have seen a significant increase in market cap from around $130bn to nearly $500bn currently.
By admin / January 5, 2018
Here are the 4 key categories where Goldman sees abnormal volatility going forward: The Dow Jones Industrial Average ETF (DIA) returned 28% last year (on realized vol of 7) yet the options market is pricing in that the ETF generates less than half of the return in 2018 on double the volatility (11% / 14.3%, respectively). High
By admin / January 2, 2018
There has been abnormal changes in fund positioning in recent months, in financials and real estate, consumer, and energy and materials: Financials and Real Estate: With the sector expected to benefit from tax reform and deregulation, Financials have emerged from a 15-month long underweight in 2017 to hit the benchmark (S&P 500) weight, driven by Banks and
By admin / December 29, 2017
The VIX index average during 2017 came in at 11.1. That is the lowest reading ever — by more than one and a half points — since the VIX inception in 1986. By way of comparison, the daily average for all years since then was over 20. Likewise, the maximum level reached by the VIX in 2017 was 17.3. That's the lowest maximum level attained in
By admin / December 21, 2017
The Department of Commerce reported today the third quarter biggest driver of marginal spending was car sales (technically Motor Vehicles and Parts), which increased by $15.6 billion to $463.5 billion but they pulled back on gasoline purchases, which was the single biggest detractor to spending, subtracting a marginal $3.5 billion in PCE, to $283.6 billion.
By admin / December 20, 2017
Here is the survey response to the question ... What do you consider the biggest tail risk is in markets today?