The Santa Claus Rally is the upward move in the price of stocks that often occurs in the week between Christmas and New Year’s Day. There are several reasons that explain the Santa Claus Rally, including tax considerations, and people investing their Christmas bonuses.
The seasonal Santa Claus Rally started early this year because of (Read More….)
Black Friday sales hit an all-time high record of $3.34 billion or 21.6% growth year-over-year. Mobile accounted for $1.2 billion of those sales, a 33% increase from the previous year. TechCrunch writes…
Combined with yesterday’s $1.93 in online sales on Thanksgiving, the two days are expected to close out at nearly $5 billion in sales. (Read More….)
Autonomous driving is dumb. In my surveys of asking family members and friends, there’s a whole ZERO percent interest in autonomous self-driving cars.
Most Americans don’t even want a chip on a credit card let alone a car that drives itself.
Technology companies think they are smarter than consumers. Tech companies believe that once they (Read More….)
Made famous by Michael Lewis’s book “Flash Boys,” the Chicago Stock Exchange plans to introduce a delay of 350 microseconds, or millionths of a second, on incoming trades. The idea is to thwart aggressive high-frequency trading strategies. The WSJ writes…
The Chicago exchange, which handles a sliver of U.S. stock-trading volume, says it wants to (Read More….)
Most government revenue comes from the taxation of transactions and labor. Taxes impact both the supply and demand curves. Taxes cause a buyer to pay more for something and suppliers to receive less. The loss of value for both buyers and sellers is called the deadweight loss of taxation. Taxation has an enormous impact on (Read More….)
Fed’s Eric Rosengren was clear in his speech early Friday that rates need to be raised. Mr. Rosengren said that if we don’t raise rates soon, we could crash the economy. Mr. Rosengren said, “A failure to continue on the path of gradual removal of accommodation could shorten, rather than lengthen, the duration of this (Read More….)
The BOE restarted its QE bond purchases last week, or at least it tried to. The BOE could not find enough bonds to buy.
The first auction on Monday went fine but on Tuesday, the BOE fell £52 million short of its target to buy £1.17 billion in long-dated government debt.
What happened (Read More….)
Mainstream financial media is publishing stories about how the market shouldn’t be this high. Watch out folks. Institutional traders have been making a lot of money off of pushing the idea that stocks are going to pull back at any time.
Amateur traders have been taking short positions against the market for more than a (Read More….)
Japan’s bond yields are all going negative. Reports are that the 20-year bond yield briefly fell below zero today in some markets. The bid chart I was able to retrieve shows 20-year bond yields just above zero at 0.017%.
The number of Japanese bonds with a negative yield are astounding. Anything below the 20-year (Read More….)
U.K. commercial real-estate funds are preventing people from cashing out. UK commercial property investors are frozen in their trades after a record number of people have cashed out since the Brexit vote.
An estimated $12 billion of investors assets are now frozen. Golly gee, that’s not going to create a panic!
M&G Investments, Aviva AV, (Read More….)
ISIS attacks are on the rise in the Middle East and around the world. Three coordinated Islamic State bombing attacks on Yemeni government forces killed 38 people in the southern port city of Mukalla on Monday.
ISIS recruitment thrives in underdeveloped countries. Yemen is the Arab Peninsula’s poorest nation. In March of 2016, the Yemeni (Read More….)