Bill Gurley: 2015 Was Peak Unicorn (Above the Crowd)Morningstar: The more you pay, the less you get from funds (InvestmentNews)Why the S.E.C. Didn’t Hit Goldman Sachs Harder (New Yorker), see also Why I Blew the Whistle on the SEC Investigation of Goldman Sachs (Watch the Circus)For Robo-Advisers, the Next Bear Market Is Make or Break (Bloomberg)Companies Wind Up in the ‘Penalty Box’ on Executive Pay (WSJ), see also Wall St. Regulators Propose ...
Week Ahead: Will Divergence FX Trade Stage A Comeback Into FOMC & BoJ? "We think that investors will revisit the topic of policy divergence ahead of the April FOMC meeting. Despite recently disappointing activity data, we expect the policy statement to present a more balanced outlook for the economy and inflation than in March, supported by the recent recovery in commodity prices and the improvement in global financial conditions. To ...
German ZEW Economic Sentiment, US Building Permits, Glenn Stevens’s speech, UK employment data, US Crude Oil Inventories, Eurozone rate decision, US Philly Fed Manufacturing Index and Unemployment claims. These are the highlights of this week. Eurozone German ZEW Economic Sentiment: Tuesday, 10:00. German business climate increased in March despite global slowdown, amid stronger consumer sentiment. The ZEW index rose to 4.3 points from ...
"EUR/USD has bought into fading ECB-Fed policy divergence after the ECB largely gave up the fight for euro depreciation and following recent dovish Fed comments. With positioning now much lighter in terms of short EUR/USD bets, we are probably entering a period in which relative rates could increasingly play a role again, and with a mere 50/50 pricing of a September Fed hike, and the ECB once again challenged on its mandate by market inflation expectations, ...
Credit Suisse’s Brexit ban is a display of neutrality its clients should cheer Most multinational investment banks with European headquarters in London should want the UK to stay within the EU. An exit would mean higher short-term costs, and might force them to relocate some staff to another European country, in order to ensure international clients have full access to the single market. Yet overt partisanship could unnerve certain clients ...
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