Posts filed under “Markets”

MiB: Pimco’s Paul McCulley

This week we speak with Paul McCulley, former chief economist at PIMCO, and often mentioned potential FOMC candidate.

McCulley worked closely with Bill Gross for many years, and was brought back to PIMCO after Mohamed El Erian stepped down. Even if you are unfamiliar with McCulley, you probably know with his work. He coined such well known phrases as “Shadow Banking system” and “The Minsky Moment.”

McCulley criticizes those who believe the Government and Federal Reserve should have let the crisis run its course on its own, with zero interventions (ZIRP, QE, etc.). He is especially harsh on the austerians, who he says made the recovery weaker than it need be.

The full podcast is available on iTunesSoundCloud and on Bloomberg.  Earlier podcasts can be found on iTunes and at BloombergView.com.

Next week, we speak with Harry Shearer of The Simpsons, Spinal Tap and SNL.

Category: Markets

Succinct Summations of Week’s Events 8.28.15

Succinct summations of events for week ending August 28, 2015 Positive: 1) After a wicked sell off, markets recover nearly all of their losses for the past week, now up slightly (tho still below mid-august levels). 2) 2Q real GDP growth was revised upwards to 3.7% (Q/Q SAAR) in the second release, a substantial improvement over…Read More

Category: Markets

How exposed are American households to the stock market?

This is fascinating look at how exposed the average American household is to the equity markets. On average, about 55% of adults have equity exposure, and it amounts to less than 15% of their total assets. I’d wager that is a very top heavy distribution both in percentage and asset size.   Source: The Economist…Read More

Category: Investing, Markets, Wages & Income

37 Bears!

I know a bear on the cover is bullish, but what about 37 bears?   via Bloomberg BusinessWeek   Oy!   Previously:• Uh-Oh: Time Magazine on Housing (June 6, 2005) BEARISH• Uh-Oh: Facebook’s Zuckerberg is Time Man of the Year (December 17th, 2010) BEARISH• Uh-Oh: Gold on the Cover of NYT Magazine? (May 15th, 2011) BEARISH• NYT Sunday Business: Magazine Cover Indicator? (January 1, 2012)…Read More

Category: Contrary Indicators, Financial Press, Markets

Elevator Down, Stairs Up

Source: WSJ

Category: ETFs, Markets

China’s Market and Policy Timeline

click for ginormous graphic Source: Bloomberg

Category: Markets, Politics

Assessing the Technical Damage to Markets

  Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria.  The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the time to sell.  -John Templeton Now that the Standard & Poor’s 500 Index has had its first decline of…Read More

Category: Markets, Technical Analysis

% of S&P500 Sales by Nation

Source: Marketwatch

Category: Markets

Try Again?

Here is your next attempt at a bounce. As noted yesterday, “its always tough to draw any conclusions from futures” and yesterdays 600 point rollover was ugly. Stay tuned . . .    click for updated futures

Category: Markets

VVIX, and Something in China?

I found this chart, via Torsten Sløk of Deutsche Bank Securities. It is a quite fascinating look at the VVIX index. If you are unfamiliar with the VVIX, it is a measure of the volatility of the VIX, itself a volatility measure of the equity market. More precisely, it represents the expected volatility of the 30-day forward…Read More

Category: Markets, Technical Analysis, Trading