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By David Blitzer LIBOR - the London Interbank Offered Rate - is the benchmark for over $300 trillion of loans, derivatives and other financial instruments. LIBOR started in the syndicated loan market of the 1960s; today it is quoted in different currencies and maturities. Following scandal...
Just recently, David Robertson ran an article discussing the deviation which has grown between "fantasy" and "reality" in the investing markets. " The phenomenon of extreme differences is also increasingly appearing in financial numbers, which are the life blood of markets. Andrew Smithers...
By Jill Mislinski Note : This commentary has been updated to incorporate the March data for Industrial Production. From the report: The annual revision to industrial production and capacity utilization was published on March 27, 2019. Data referred to in the release dated March 15,...
By Brian Demain, CFA, and Philip Cody Wheaton, CFA Portfolio Managers Brian Demain and Cody Wheaton share their insights on the headwinds driving margin compression and what it could mean for stocks. As a new earnings season kicks off, U.S. companies face a fresh challenge to earnings ...
It turns out that despite the ongoing collapse in cross-asset volatility that's naturally accompanied 2019's "everything rally", liquidity has stopped improving. "Liquidity" is a somewhat amorphous concept that most investors still struggle to get their heads around. That's understandable, ...
Please note this post is the latest update to a series of articles, the last being " 10 Scary Charts - January 16, 2019 Update ." I find the following charts to be disturbing. These charts would be disturbing at any point in the economic cycle; that they (on average) depict such a tenuous ...
Drive For Show In golf there is an old axiom: "Drive for show. Putt for dough." This past weekend, Tiger Woods completed a comeback on Sunday by capturing his fifth Master's title and his 15th major tournament win. It was a victory that snapped a decade-long championship drought and in...
The S&P 500 (Index: SPX ) continued its upward trajectory in the second week of April 2019, where it is now within 24 points, or 0.1%, of its previous peak of 2,930.75 set back on September 20, 2019. The thing that boosted the market the most during the week was the news on Friday, Apri...