- Liz Ann Sonders
- Erik Fossing Nielsen
- Knowledge Leaders
- Sven Henrich
- Chris Ciovacco
- Dana Lyons
- Holger Zschaepitz
Oops! A typo. From 3.1m to 2.7m. My apologies. Thanks for spotting.
A little mind bender: Q3 2014 corporate profits were higher than Q3 2018 But corporate debt has increased by over $1 trillion in those 4 years. Added twist: Compared to Q3 2006 corporate income as increased by 17%, but corporate debt has increased 100%
Thanks for this clarification. But also, just to be clear: The very idea of a “holiday” from a currency union (leaving for a bit to devalue) is absurd.
$BPSPX structure (see video above for discussion)
Federal government current tax receipts YoY Grey areas recessions
Reviewing asset class behavior; updating areas of possible support for all positions.
FYI, extended the FLASH SALE at The Lyons Share through this weekend>>SAVE 25%!! "Bear Market Or Blowoff?"
Chart Of The Week: As we noted for The Lyons Share members, the NDX Volatility Idx $VXN was not buying the $NDX rally to begin the week $QQQ
JLFMI Weekly Market Wrap-3/23/19 "March Madness" -
Weekly Market Brief: The Reckoning The big macro wheels are turning and everybody better pay very close attention.
In today’s Sunday Wrap: - The risks stemming from an extended period of very accommodative monetary policy in the US, - The latest peculiarities in the European banking saga, namely the prospect of a merger between Deutsche Bank and Commerzbank.
Deutsche Bank has nearly doubled management pay to €56mln due to higher variable pay. Bonus pool of €1.9bn is more than 6 times 2018 profit. Dubious award goes to investment bank head Garth Ritchie whose compensation more than doubled to €8.6mln.
What? #Turkey probes JPMorgan after recommendation to go short on Lira.
Bond markets are still relatively calmed with Bayer. Risk premium of Bayer Perpetual Bond over 30y Bunds just 216bps, way below high from 2016.
Good morning from Germany, where it turns out that Bayer has made one of takeovers w/greatest cap destruction in econ history. Once biggest comp in Germany, Bayer has lost €33.6bn in mkt cap since final takeover of Monsanto. W/ €59.3bn now #6 in Germany, valued ONLY 1.2* book.
What does Mr Market want to tell us? US Treasury yields eye one of their biggest March quarter drops of the past decades! (Chart via FT)
2019's Magic Risk Free Fridays came to a sudden end. Things may be shifting. More tomorrow in the Weekly Market Brief.
Looks as if earnings estimates still too high. Cass Freight Index in Shipments has turned negative. Given strong relationship between S&P earnings & freight volumes, weakness in Cass data could translate into more earnings cuts, Quill’s @DiMartinoBooth writes.