Finance Roundtable

Finance Roundtable

The market forecasters and personal finance blogs complement the Economics Roundtable.

RSS Feed

Global Trader’s Diary


April 30, 2018, 8:07 pm, 1849027
I got bullish a bit early on equities last week as the Euro bounced and it felt like panic was in the air on the day of the German trading bans.  Still the pattern in stocks looks constructive for the short-term ...


April 30, 2018, 8:07 pm, 1849028
In response to the German bans on some naked short-selling and naked credit default swap (CDS) purchases Zero hedge declares:

If this pans out as expected, look for Bunds to collapse tomorrow, and wipe out a few billion from Pimco's NAV. We warned in February ...


April 30, 2018, 8:07 pm, 1849029
The price action this week in equities was a change of pace.


April 30, 2018, 8:07 pm, 1849030
From the WSJ:

Democrats won the support of a senior Republican who voted in a Senate committee Wednesday for a sweeping overhaul of the market for derivatives, the complex financial instruments at the heart of the financial crisis.

With 41 Republican's in the Senate this is a critical achievement for ...


April 30, 2018, 8:07 pm, 1849026
I was doing some house cleaning, tagging old entries and came across something I wrote in 2005 on central bank policies:

On a related note, foreign CBs will not turn net sellers of dollar assets. They will stop adding to USD reserves which still creates a substantial problem for ...


April 30, 2018, 8:07 pm, 1849025
"The short story is that the escalation in housing costs has been mainly motivated by underlying demand- and supply-side fundamentals, not leverage as some doomsayers would have us believe. "


April 30, 2018, 8:07 pm, 1849022
This is a very good insiders account of the market microstructure that led to the flash crash and snap rebound.  From an interview with Tradeworx CEO, Naraj Narang:

...So, the market was ripe for a catastrophic event, because it was so saturated with stop orders, all it needed was a ...


April 30, 2018, 8:07 pm, 1849023
Alphaville points out that the Spanish Credit Default Swap (CDS) curve has joined the Greek and Portuguese curves in inverting.  They explain it as the market pricing in a higher likelihood of default in the early years of the curve.

My explanation would be that the market is ...


April 30, 2018, 8:07 pm, 1849024
Participants look set to continue adding back the risk jettisoned over the last few weeks.

It will be interesting to see how bonds respond today with non-farm payroll numbers typically bringing the volume that allows for big moves.  I would expect with momentum weakening in the recent rally ...


April 30, 2018, 8:07 pm, 1849021
A few quick links:

Australia's ability to service foreign debt more dependent on strong commodity prices  than housing.  (datadiary.com)

The permabears: where are they now? (Businessweek.com)

Gold holdings of the GLD exchange traded fund reached a record high. (