GOLDMAN PREDICTS $1 TRILLION IN 2018 STOCK REPURCHASES AS YTD TOTALS REACH $754B — SOURCE: 08-05-18 Goldman-Sachs via ZH – “Goldman: You Are Asking The Wrong $1 Trillion Question” — After several months of heated market speculation, to Amazon’s chagrin the question of which stock would be the first to reach $1 trillion in market […]
TRIGGER$ August 2018
BUYBACKS ARE STARVING THE ECONOMY OF INVESTMENT CAPITAL & FOSTERING THE UNINTENDED DESTRUCTION OF CAPITALISM
BUYBACKS ARE STARVING THE ECONOMY OF INVESTMENT CAPITAL & FOSTERING THE UNINTENDED DESTRUCTION OF CAPITALISM KEY MESSAGE: Buybacks are now equivalent to 4 percent of annual economic output, up from zero percent in the 1990s. Companies spent roughly $7 trillion on their own shares from 2004 to 2014, and have spent hundreds of billions of dollars on buybacks in […]
JP MORGAN CEO JAMIE DIMON WARNS OF 5% TREASURY YIELDS
JP MORGAN CEO JAMIE DIMON WARNS OF 5% TREASURY YIELDS JPMorgan CEO sees potential for 10-year yield to reach 5 % Says c–rrent bull market could run for 2 or 3 more years — SOURCE: 08-06-18 Bloomberg – “Jamie Dimon Warns of 5% Treasury Yields” — Noting content with a previous warning that investors should brace for […]
WHATEVER HAPPENED TO TRUMP’S INFRASTRUCTURE BOOM?
WHATEVER HAPPENED TO TRUMP’S INFRASTRUCTURE BOOM? While billions have been raised to build or fix the nation’s roads, bridges, and airports, little of the money is finding its way to public projects. — SOURCE: 07-17-18 Bloomberg – “Whatever Happened to Trump’s Infrastructure Boom?” — St. Louis’s Lambert International Airport traces its history back to aviation’s […]
BORROWERS TREADING CAREFULLY IN EUROPE’S FRAIL JUNK BOND MARKET
BORROWERS TREADING CAREFULLY IN EUROPE’S FRAIL JUNK BOND MARKET — SOURCE: 07-27-18 Bloomberg – “Borrowers Tread Carefully in Europe’s Frail Junk Bond Market” — Lesser known companies with tight pricing won’t fly: BNPP AM Deals that paid well have been successful: Janus Henderson Three high-yield borrowers in the European market are trying to avert meeting […]
BERNANKE, GEITHNER & PAULSON WARN: “WE’VE FORGOTTEN THE LESSONS OF THE FINANCIAL CRISIS!”
BERNANKE, GEITHNER & PAULSON WARN: “WE’VE FORGOTTEN THE LESSONS OF THE FINANCIAL CRISIS!” — SOURCE: 07-19-18 – “Bernanke, Geithner & Paulson Warn: “We’ve Forgotten The Lessons Of The Financial Crisis” — Late last month, the Fed declared that six of the country’s biggest banks needed to scale back their plans for returning cash to shareholders to strengthen […]
CURRENT LIQUIDITY DRAIN WILL PRECEDE ANOTHER VOLMAGEDDON!
CURRENT LIQUIDITY DRAIN WILL PRECEDE ANOTHER VOLMAGEDDON! LIQUIDITY IS STEADILY BEING REDUCED FROM THE MARKETS 07-24-18: Outflows of U.S. mutual funds and ETFs in June totaled $22.1 billion, the greatest amount in nearly three years, according to Morningstar’s latest report. The bulk of the outflows were from U.S. equity, with $20.8 billion of outflows, $17.1 billion […]
LARRY FINK: NEXT ROUND OF CHINA TRADE WARS COULD SEND STOCKS 10-15% LOWER!
LARRY FINK: NEXT ROUND OF CHINA TRADE WARS COULD SEND STOCKS 10-15% LOWER! — SOURCE: 07-16-18 “Larry Fink: Next Round Of China Trade War Could Send Stocks “10%-15% Lower” — US stocks have continued to outperform the rest of the world as US markets appear to have more or less come to terms with President […]
GLOBAL BONDS MAY SUFFER FROM EVEN A SMALL BOJ TWEAK
GLOBAL BONDS MAY SUFFER FROM EVEN A SMALL BOJ TWEAK — SOURCE: 07-23-18 Bloomberg – “Global Bonds May Suffer From Even a Small BOJ Policy Tweak” — Global bond markets may be next to feel the impact of the biggest surge in Japan’s benchmark 10-year yield in almost two years. The advance in the yields, which […]