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Institutional Investor (August 29)

2022/ 08/ 31 by jd in Global News

“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.”

 

Bloomberg (August 19)

2022/ 08/ 20 by jd in Global News

“The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing bubble burst about 15 years ago.” Though a “systemic meltdown” is not expected, market watchers still anticipate “a string of bankruptcies broad enough to trigger a spike in layoffs in an industry that employs hundreds of thousands of workers, and potentially an increase in some lending rates.”

 

The Street (July 22)

2022/ 07/ 24 by jd in Global News

“The cryptocurrency market has lost $2 trillion in value since hitting an all-time high of $3 trillion in early November, according to data firm CoinGecko. Prices for bitcoin, the king of cryptocurrencies, are down more than two-thirds since hitting an all-time high of $69,044.77 on November 10.”

 

Mansion Global (July 11)

2022/ 07/ 12 by jd in Global News

“The market has cooled since June, when the Federal Reserve raised interest rates 0.75% to help curb inflation.” Housing inventory is rising, “finally giving buyers some options and negotiability with sellers.” As a result, “nearly 15% of home contracts in the U.S. were canceled in June,” which had approximately 60,000 cancellations. That’s up 12.7% over May and 11.2% year on year.

 

Financial Times (June 29)

2022/ 07/ 01 by jd in Global News

Hong Kong elite are visiting Japan on posh tours to invest in Tokyo. Property brokers say the tours demonstrate “the appeal of the weak yen” and “the way in which the Tokyo market seemed immune from the recessionary worries swirling around other capitals.”

 

Forbes (June 28)

2022/ 06/ 30 by jd in Global News

“The question on everybody’s mind in the crypto world is whether we’ve reached the market bottom. Nearly $2 trillion in crypto market value has evaporated since November…. But the fallout is far from complete.” With over “600 crypto exchanges around the world operating in a largely unregulated frontier,” there are others that are already insolvent. Many promised unreasonably high yields, which “worked fine when crypto was going nowhere but up. It looks disastrous now.”

 

Professional Pensions (April 19)

2022/ 04/ 20 by jd in Global News

“The response by pension schemes and other investors to the invasion was immediate and, in the days following Russia’s attack, a number of pension schemes announced they would reduce or sell all their holdings as soon as possible.” Exposure to Russia varied by scheme, but was low overall, at around “0.1% for many schemes, holdings that many managers have written down to zero.” All in all, the “market reaction to the crisis was surprisingly muted,” with fairly stable funding levels throughout the crisis.

 

Washington Post (January 26)

2022/ 01/ 28 by jd in Global News

“Thousands of Americans who jumped into crypto investing over the past two years in hopes of a rocket ride to instant wealth now face a similar reckoning: Prices for cryptocurrencies… have cratered since reaching all-time highs in early November, wiping out an astonishing $1.35 trillion in value globally, nearly half of the total market.”

 

New York Times (November 29)

2021/ 11/ 30 by jd in Global News

“The recent market turmoil shows how dependent the economy is on the path of the pandemic, and how quickly sentiment can change with every twist and turn in our understanding of the virus.”

 

New York Times (November 17)

2021/ 11/ 19 by jd in Global News

“Pandemic stocks have become passé: Peloton, Zoom and others” are making way “for the shares of ‘reopening’ companies.” The shift in market sentiment “reflects a broader reshuffling of the economy, as Americans return to gyms, concerts and other in-person activities.”

 

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