President Trump, as part of his “America First” program, has proposed lowering the US corporate tax rate to 15 percent and to close a myriad of loopholes in an effort to simplify the tax code, and to also encourage the nation’s largest businesses to bring production back home.
Goldman Sachs is the latest bank to publish research trying to justify the current high level of the market as well as its year-end S&P 500 price target. Goldman laid out its case for further equity gains in a presentation published at the...
US investors sold stocks for the second consecutive week last week after having been net buyers for the prior 14 weeks since the election, that’s according to Bank of America Merrill Lynch’s weekly client flow trends report.
With the S&P 500 trading at all-time highs, NYSE Short Interest down 20% over the past 12 months and what can only be described as a highly optimistic view of Donald Trump’s presidency, one does wonder if the markets are in their...
That was the word Jackie Gleason used to characterize the proposed reprisal of ‘Minnesota Fats’ in The Color of Money, 1986’s sequel to The Hustler. Chances are Paul Newman himself, who had at least 36 script conferences with the screenwriter...
On December 7, the Reserve Bank of India, going against consensus expectations, did not cut interest rates – underlying the assumption that the Indian economy, in the midst of moving to a cashless society, was doing fine...
A sustained recovery in US 10-year bond yields to 2.5% could drive a rotation of $250 billion from developed market bond funds into developed market equities according to proprietary analysis from Deutsche Bank. This forecast was...
A virtual consensus exists about the probability of a fiscal stimulus under a Trump presidency. Most only debate its size and timing. But that doesn’t appear to be dampening market expectations, with the stock market continuing to set new...
It is not just recent “populist” elections in the UK and the US that is signaling a move towards de-globalization, but a decided downtrend in the ratio of global trade to GDP in recent years also points to this trend. But is the trend real? A Deutsche Bank report notes both...
The next step in the global populism trend could be felt December 4. This is when the Italian referendum to change the constitution, a measure supported by the political establishment, will be voted up or down. A Moody’s report notes that rejecting the referendum...
As the world of artificial intelligence expands, so, too, do the opportunities to understand digital data and gain market advantage. A new TABB Group research piece breaks down market information collection methods such as satellite...
A group of boffins from the Applied Electromagnetics Group at the University of California San Diego have succeeded in building a microelectronic device without the incorporation of semiconductors for the first time at least in...
The planned economy in China could lead to a cooling of the property market in certain cities, a Deutsche Bank report observed, pointing to a potential property bubble that might result in capital outflows.
One of the most reliable indicators of a market peak is M&A. When profits near a cyclical peak, sales growth stagnates and the risk of missing earnings targets grows, managements chasing growth at any price, push takeover premiums to extremes.
Lower dividend growth rates ahead? The good times are coming to an end for dividend investors; that’s what Barclays believes anyway. Equity investors have had it good over the past seven years. According to a report out yesterday...
It is both an honor and a very special opportunity for me to be able to address such a large and esteemed group of central bankers at such an interesting time for central bankers. I especially want to thank President Dudley
Election uncertainty – Confirmation that one lives inside an alternative universe may have occurred when a US Presidential candidate woke up in the middle of a night’s sleep last Friday morning to engage in a damaging Tweeter storm.
What do Vancouver, London, Stockholm, Sydney, Munich, and Hong Kong all have in common? According to economists at UBS Wealth Management, these six cities all have the notorious designation of being the real estate markets...
At the beginning of the year, the entire financial world was obsessed with China, or more specifically, Chinese capital outflows. Betting against China became the #1 hot trade of 2016 during the first quarter.
When Jim Chanos called China Dubai times 1000 in 2010, many chuckled – now that opinion has slowly become the consensus or at least a matter of serious debate. What is perhaps most interesting about Nomura’s September...
