Financial Times (November 23)
“China’s repeated attempts to tackle its worsening property crisis resemble firework displays — full of light and sound, quickly extinguished. Property stock prices have burst upwards with each new set of government measures to boost the market, only to collapse shortly thereafter. This week’s rally should not differ.”
Tags: Attempts, Boost, Burst, China, Collapse, Crisis, Extinguished, Fireworks, Government, Market, Property, Stock prices, Tackle, Worsening
Financial Times (May 16)
“Japan’s Topix rose to its highest level in almost 33 years on Tuesday, boosted by a rally led by foreign investors. Buyers have been drawn to Tokyo stocks by potential improvements to corporate governance, a return to wage inflation and the perceived stability of the market compared with geopolitics-riven Chinese stocks.”
Tags: 33 years, Buyers, Corporate governance, Foreign investors, Japan, Market, Rally, Stability, Stocks, Tokyo, Topix, Wage inflation
Barron’s (April 21)
“Oil prices have given back almost all of the gains they made after OPEC and its allies surprised the market by agreeing to cut production by 1.2 million barrels a day starting in May. It’s a sign that the oil market is more focused on demand now, and doesn’t see enough evidence that countries are using more oil.”
Tags: Allies, Demand, Gains, Market, Oil prices, OPEC, Production, Surprised
Fortune (April 4)
“After the banking crisis, could the next domino be all those empty office buildings in your downtown? Investors and economists are sounding the alarm about the commercial real estate market, seeing trouble ahead with refinancing. This sector has been hit hard for years now with the shift to remote work bringing about rising vacancy rates and falling property values.”
Tags: Alarm, Banking crisis, Commercial real estate, Domino, Downtown, Economists, Empty, Investors, Market, Office buildings, Refinancing, Remote work, Sector, Trouble, Vacancy rates
Economic Times (March 28)
Regulators suspect a single “trade on Deutsche Bank AG’s credit default swaps… fuelled a global selloff on Friday.” The roughly £5 million bet was for swaps on the bank’s junior debt. Likely due to market illiquidity, along with market jitters, the “knock-on effect was a rout that sent banking stocks tumbling, government bonds higher and CDS prices for lenders soaring.”
Tags: Bonds, CDS, Deutsche Bank, Global selloff, Illiquidity, Jitters, Junior debt, Market, Regulators, Rout, Suspect, Trade, Tumbling
Bloomberg (February 9)
“Money managers have cut $300 billion of bearish bets and are now positioned more in line with historic norms — robbing the market of pent-up demand just as the Federal Reserve warns its inflation-fighting battle is far from over.”
Tags: $300 billion, Bearish bets, Demand, Fed, Historic norms, Inflation, Market, Money managers
CNN (October 19)
Even with “Trussonomics… tossed out and a total market meltdown avoided, the near-term prospects for Britain’s economy look increasingly wobbly. A recession stretching through the winter looms. Policymakers were facing tough choices even before Truss unleashed financial market chaos. Now, with the government’s credibility tarnished, they’re in an even worse predicament.”
Tags: Avoided, Britain, Chaos. Government, Credibility, Economy, Market, Meltdown, Prospects, Recession, Tarnished, Tossed out, Trussonomics, Wobbly
Bloomberg (October 12)
“In a fresh sign of Japan’s dysfunctional bond market, the 10-year benchmark failed to trade for a third consecutive session Tuesday, the longest such streak since 1999.”
Tags: 10-year, Benchmark, Consecutive, Dysfunctional bond, Failed, Fresh, Japan, Longest, Market, Sign, Streak, Trade
Market Insider (September 30)
“Japan and Korea have dumped billions of dollars into the foreign exchange market to prop up” their currencies. Nevertheless, “the dollar has surged 26% against the yen and has risen 21% versus the won.” The yen and won are hardly unique. “Both developed and emerging market economies, have slumped against the dollar,” but both currencies “have also been hurt by trade deficit concerns” as their “economies are importers of oil.”
Tags: Currencies, Developed, Dollars, Economies, Emerging, Forex, Importers, Japan, Korea, Market, Oil, Prop up, Slumped, Surged, Trade deficit, Won, Yen
Institutional Investor (August 29)
“Now that investors can get factor-based funds on the cheap, they’re pushing quants in new directions.” This presents new challenges. “One is a move away from a heavy reliance on decades of historical data and back tests to tying this in-depth research to the realities of the current economic and market environment.” Another challenge is “getting the right people” to do this. “Many quant managers historically hired people with expertise in data,” but “now it’s the background in economics and finance that’s become critical.”
Tags: Back tests, Challenges, Cheap, Data, Economic, Economics, Factor-based funds, Finance, Historical data, Investors, Managers, Market, Quants, Realities, Reliance, Research
