When markets crash and prices readjust to a material level the masses begin to rational anything and everything. This week we heard a serious push by media and newspapers to not say “crash” and implore the use of “correction”. The Fed launched so…
Barron’s just now, some 4+ years after Zero Hedge first called it out, presented with no further comment:
ZH Note: From “fringe bloggers” in August 2011
Orkim Sdn Bhd is a company designed to bring various marine related operations under one umbrella. Orkim is located in Kuala Lumpur, an area of high importance for your truly as I monitor the TI Europe ship from Euronav off the coas…
One month ago, shares of Avon Products (AVP) were halted back on April 14, 2015 at 12:50 PM (as posted by Benzinga Pro). Eight seconds later word spread that Avon would explore strategic alternatives. Over the next three minutes headlines cross…
Oil tankers are just sitting in the water, motionless. Floating storage vessels, like Knock Nevis, are just hanging out off the coast of Bahrain. The largest oil tanker, TI Europe, rests quietly off the coast of Malaysia.
I’v…
On Friday Virtu Financial Inc said the company generated $723.05M in revenues in 2014, up from $664.50 in 2013. In an updated S-1 Filing with SEC on Friday the firm also disclosed plans offer shares to the public for a second time. Virtu intend…
Refiner margins have rebounded. Refiners buy crude oil and refine it into various products. If one can sell those products for more than the price of a barrel of oil, a profit is to be had. This is commonly referred to as the 3-…
Andrew Hall is known as “The God Of Oil” by some floor traders. When he was to be paid a $100 million bonus, the Great Recession had just begun and anger toward banks prompted officials to reign in corporate bonuses from those which took bailout funds. Since Citigroup owned the Phibro Group, the subsidy that once stood on its own before Citi bought …
The charts this week much like with last weeks Morgan highlights speak for themselves.
Summation of last weeks key comments:
“The real risk to the market is not the end of QE buying, but when the Fed finally
acknowledges that rate hikes are in sight”
Weak Wage Growth Shows FED Failing To Maintain It’s Mandates
BOA/ML Said That Data For Monit…
On Friday Morgan Stanley cut a note highlighting European equity data. Here’s a few key charts.
Need we try to improve upon the lyrics of Rage Against The Machine?
Hotel REIT shares dove into a veritable sea of red ink during trading on Wednesday October 1 — kicking off a weak Q4 for one of the strongest REIT sectors during 2014.
During the Great Recession hotel stocks languished as companies cut business travel expenses, while job losses and weakened consumer confidence devastated popular resort and vacatio…
Aluminum production fell 15.6 percent YoY in July. The Aluminum Association said on August 8 that combined primary production from the U.S. and Canada fell 9.1 percent YoY. The U.S production fell 15.6 percent YoY and Canada fell 4.7 percent YoY. A drop in Aluminum prices may cause a firm like Alcoa to scale back equipment use and use lower cost re…
This past Tuesday, news hit that BATS Global Markets was in the process of settling with the Securitues and Exchange Comission on the claim that Direct Edge provided unfair perks to certain high frequency traders (HFT), a development that might set a pivotal precedent in the market structure debate.
News of the possible settlement was preceded by t…
The past few years have been a great data driven example of finance not being a science. Globally, central banks have done everything from bailing out institutions, displaying a complete lack of discretion when it comes to disbursing cash (GOP leader’s wife received 2009 bailout funds), and we have also seen attempts globally to devalue curre…
Following the news of Carl Icahn’s stake in Family Dollar (NYSE: FDO), it would be worth wild to consider the value added to retailers that have activist investors. The case has been for the surge in Merger & Acquisition activity being driven by low rates, tax incentives, and an appetite from the big money for alternative assets. CL…
Everyone’s talking about the Federal Reserve’s exit strategy and whether rates will increase before or after it contracts its balance sheet. A major topic is inflation, and specifically the most recent increases in the Consumer Price Index (CPI) on a year over year basis.
When listening to the chatter, remember that these increases are nothing in th…
The CEO of Benzinga has a post up full of some solid charts.
Via Jason Raznick’s Tumblr:
Last week I touched on the housing market, the yield curve and the Federal Reserve’s expected continued taper action. Cruising through earnings, it is now time to revisit certain indicators that speak to the underlying health of the economy a…
Calling “tops” in markets is an impossible thing to do. Some get lucky but most of the market participants looking for the “top” tend to be early. Having that out of the way, we may be nearing a top regarding the hubris surrounding the turn-around we have witnessed in the broad swath of asset
prices since the 2009 lows.
Marching o…
No surprise here as the Chief of Enforcement over at FINRA, one J. Bradley Bennett offers a glowing example of the clueless nature that runs to the top of our supposed financial market regulating entities. The complex nature of the ecosystem that has been constructed by the HFT lobby is heavily misunderstood at the top echelon of FINRA’s enforc…
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