A mashup of trading blogs that deal in the quantitative.
Many here are quant-oriented and I found this website to be a gold mine for quantitative studies. There, you will never miss any study or research anymore as they are constantly posted in real time from all around the internet.
[url]http://www.thewholestreet.com/[/url]
Billy
Interesting article on the FOMC linked game theory
[url]http://www.marctomarket.com/[/url]
Millionaire migration in 2015
Today, I stumbled upon this report: Millionaire migration in 2015
I think we saw and will see a reflection of this in the money flows.
A great metric to understand the world a little bit more, IMO.
It's also a sobering fact sheet: people vote with their feet.
[URL="http://www.nw-wealth.com/"]Source[/URL]
[URL="http://www.ibtimes.co.uk/france-sees-millionaire-exodus-religious-tensions-rise-1552423"]News about[/URL]
[URL="http://nebula.wsimg.com/6e5712bf40ffe85cc116a52402d5a7d7?AccessKeyId=70E2D0A589B97BD675FB&disposition=0&alloworigin=1"]the report[/URL]
US$ and its reserve currency status
This article dates of March 2015, but is really a good summary of the forces around currencies and especially the US$.
Reading commentaries also takes some time, but interesting for a week-end reading.
[url]https://mises.org/library/why-it-matters-if-dollar-reserve-currency[/url]
Pascal
1 Attachment(s)
Signs of Trouble for Deutsche Bank
There seems to be a lot of stress at DeutscheBank.
[ATTACH]36811[/ATTACH]
PBOC & US & Japanese bonds
This article reports on PBOC's selling of US bonds and buying of Japanese bonds:
[url]http://asia.nikkei.com/Politics-Economy/Economy/China-gobbling-up-Japanese-government-bonds[/url]
They analyzed the latest TIC report - I think.
I post this here because I draw the following from it:
[LIST][*]PBOC seems to act as a trader -not as an investor (I saw posts on blogs about the "PBOC-Trader" in the past)[*]PBOC sold into bond strength from January on.[*]PBOC chooses JGBs as alternative[/LIST]
a contradicting argument is:[LIST][*]PBOC simply has to reduce their reserve holdings, because of the slowdown at home.[/LIST]
potential cause of J-NIRP flow reversals
This article highlights the sentiment of Japanese CFOs that President Trump is a negative for US economy.
[url]http://asia.nikkei.com/Politics-Economy/Economy/Japanese-CFOs-see-a-President-Trump-as-top-risk-to-US-economy[/url]
[QUOTE]More than 70% of Japanese chief financial officers consider a Donald Trump presidency a near-term risk to the American economy[/QUOTE]
This could be one reason of recent US equity and REIT weakness.
I don't agree with this judgement.
Trump's proposed fiscal policies seem way healthier for the US economy than Hillary's policies.
Finally, in the American system, the president's political power position (ex-military) is one of a proposer - not an implementer (that lies with congress and senate).
So the identity of the president does not weight too much.
The Japanese behavior seems to be a case of herd/group-think effect.
IMHO, another reason to look to fade this break in US equities, once the election uncertainty wanes.
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Now that I think about. A similar sentiment might be present with Europe's CFOs (and other Asian, Chinese ones).