Seeking Alpha (October 11)
“Recent history has taught us to buy the dip. Even the eye-watering declines in February proved worth buying. But this time looks different. This may not be a dip worth buying.”
Institutional Investor (October 9)
In the U.S. many “asset management stocks are trading like ‘junk equity,’” despite the relatively buoyant market. And “given the lackluster potential for growth, traditional asset managers’ cheap valuations are unlikely to change soon.”
Tags: Asset management, Growth, Junk equity, Lackluster, Market, Potential, Stocks, U.S., Valuations
CNN (October 8)
“Wall Street’s top activist investors are raising lots of cash and gearing up for battle over the next year…. The group see more opportunity to disrupt the consumer discretionary sector, which includes retailers, than in any other industry.”
Tags: Activist, Cash, Consumer sector, Disrupt, Industry, Investors, Opportunity, Retailers, Wall Street
New York Times (October 8)
Donald Trump is basically giving dictators the “green light.” The President “has made it clear that the United States will no longer even pretend to stand up for liberal values globally.” On top of that, there has “never been an American president as enthusiastically pro-Saudi as Trump” so it is no wonder that “Saudi Arabia feels emboldened.”
Tags: Dictators, Emboldened, Green light, Liberal values, Pro-Saudi, Saudi Arabia, Trump, U.S.
The Economist (October 6)
“Europe has caught China’s eye. Chinese investments there have soared, to nearly €36bn ($40bn) in 2016—almost double the previous years’ total…. For the most part, this money is welcome….. However, China is also using its financial muscle to buy political influence…. It is only prudent for Europeans to be nervous.”
Tags: China, Europe, Financial muscle, Investments, Nervous, Political influence, Prudent
Reuters (October 4)
Though Ireland still expects negative impacts from Brexit, the country is busy making lemonade with what otherwise might just be lemons. “Ireland’s central bank has seen a surge in financial services firms seeking to set up or extend their operations in Ireland as a result of Brexit and is processing over 100 applications.” So far, Barclays, Legal & General Investment Management and Standard Life Aberdeen are among the companies who have chosen Dublin as a post-Brexit base.”
Tags: Applications, Barclays, Brexit, Central bank, Dublin, Financial services, Ireland, Legal & General, Negative impacts, Standard Life Aberdeen, Surge
LA Times (October 4)
“For many Americans the truth too horrible to consider is that Donald Trump could be a criminal, a wildly successful con artist. He may well be disloyal. For those who grasp what Trump is, the corollary truth is that our Constitution’s checks and balances are failing us.”
Tags: Checks and balances, Con artist, Constitution, Criminal, Disloyal, Failing, Horrible, Trump, Truth, U.S.
Wall Street Journal (October 3)
“Investors propelled bond yields to multiyear highs Wednesday as robust economic data and an easing of trade tensions across North America sparked fresh optimism about the global growth outlook. Wednesday’s bond rout sent the yield on the 10-year U.S. Treasury note, a closely watched barometer of investors’ sentiment toward growth and inflation, to its highest level since July 2011.”
Tags: Bonds, Economic data, Growth, Highs, Inflation, Investors, Optimism, Sentiment, Trade tensions, Treasuries, U.S., Yields
Foreign Policy (October 2)
“A no-deal Brexit will destroy the British economy. The magical wing of the Conservative Party believes that Britain can crash out of the European Union painlessly. It is leading the country into a recession.”
Tags: Brexit, British economy, Conservative Party, Crash, EU, No-deal, Recession, UK
Wired (October 2)
“The SEC’s ‘punishment’ of Elon Musk is exactly what Tesla needed.” Though these results were probably unintentional, the settlement will “shore up Tesla’s leadership structure, save Musk from himself, and put both the company and its leader on firmer footing.”
Tags: Leadership, Musk, Punishment, SEC, Settlement, Tesla, Unintentional
