2013: Year in Review

Posted on Leave a commentPosted in Newsletters

Like most years, 2013 will leave behind its winners and its losers. Stock market participants were (for the most part) rewarded for their bullishness, especially those who have been overweighted to US stocks. Even owners of European stocks had an excellent year, which may surprise you given the mostly bad news we’ve been hearing about […]

QE3: The ship has sailed

Posted on Leave a commentPosted in Financial Blog

Yesterday, the US Federal Reserve announced what is commonly called “QE3,” which stands for “quantitative easing, round 3.” This is an unconventional form of monetary easing in which the Fed buys longer-term bonds on the open market, either Treasuries or US Agency securities. For this particular round, the Fed says that they will buy $40 […]

STRATFOR: Greece Pushes Eurozone Crisis Further

Posted on Leave a commentPosted in Financial Blog

From STRATFOR Global Intelligence’s May 15, 2012 newsletter: Summary Greek presidential spokesman Karolos Papoulias announced May 15 that nine days of talks had failed to yield a political coalition in Athens. As a result, Greece will hold new parliamentary elections by mid-June. The Coalition of the Radical Left (shortened in Greek to Syriza), a coalition of […]

J.P. Morgan and the Volcker Rule

Posted on Leave a commentPosted in Financial Blog

Last Thursday, JPMorgan Chase (NYSE: JPM) announced an expected trading loss of $2 billion, thanks to a trading strategy gone awry. Three heads have already rolled, including the bank’s chief investment officer, who is not only highly-respected but also one of the highest-paid women on Wall Street. The bank claims that these enormous losses came […]

Giuoco Piano? Not any more!

Posted on Leave a commentPosted in Newsletters

I thought I should write a quick note after today’s global market swoon. Forget Greece; it’s now all about Italy. And I’m tired of hearing about (and writing about) Europe. But the good news is that the endgame is likely to be very near. Those of you who play chess will recognize “giuoco piano” as […]

How Not to Time the Market

Posted on Leave a commentPosted in Newsletters

Dear Client, Last week, all I heard from friends, family and even some clients was that Congress wasn’t going to come to an agreement to raise the debt ceiling, the US would default and stocks would sink. Professional traders all over the world were positioning themselves for just such an outcome. So what actually happened? […]