According to an annual survey by Wall Street recruiting firm Options Group, total compensation for fixed income and equities professionals in the US will be down 7% from last year, on average. The decline is steeper still for those working in certain business lines, such as credit, rates and cash equities. And there are few bright spots. Only foreign exchange trading (+1%) and those working in electronic markets for fixed income (+7%) and equities (+3%) are expecting to see a pick-up in their compensation.
What is likely to affect the US economic activity in the near term? I suppose that the US economy is on a fairly solid and steady growth path at the moment. I think that there are no serious policy errors and the economy will continue to show steady performance in the near term. However, possible policy errors would be an upturning protectionist action and probably the ending of the NAFTA, while tax measures would make a positive contribution to the economy. Nevertheless, I do not think the economic impact of the latter would be as strong as some people hope; there would be a moderate support and sustaining recovery rather than a strong boost.
The VIX has recently been recording record lows, and even if it went up to 12.57 on Friday, 10th November 2017, due to jitters caused by the news of a probable delay in a cut in the corporate tax rate, it is still very low historically. The VIX has been taken to indicate the fear of investors regarding trading, and it can also be a measure of complacency.
From its lows early September, the Dollar/Yen has followed risk assets and interest rates up in their rebounds. This positive momentum was further supported late October by the re-election of Shinzo Abe in Japan, famous for his Abenomics or aggressive monetary and fiscal stimulus. In this article we review the perspective for Dollar/Yen over the next few months and quarters.
The yellow metal is continuing to trade against the buck at the intersection of large ascending channel and junior rising wedge formations. Although the larger pattern managed to constrain the bullish sentiment for now, but the rising 55-, 100- and 200-hour SMAs as well as ongoing concerns over implementation of the US President Donald Trump's tax plan suggest that such upward movement is going to continue and might actually reach the upper trend-line of another dominant descending channel near the 1,293.00 mark.
U.S. companies, from chip giant Qualcomm to aircraft maker Boeing, announced a slew of deals on Thursday during U.S. President Donald Trump's visit to Beijing. The deals could be valued as much as $250 billion, though some have been long in the pipeline and many are non-binding. The signing ceremony was carried out in the presence of US President Donald Trump and his Chinese counterpart Xi Jinping. Being the world’s biggest developing economy and developed economy, China and the United States are highly complementary rather than competitive, Xi said when meeting with business delegates from both countries.
The environmental, social and governance sub-sector of the fund space is seen as a growth frontier for exchange-traded funds and ETF issuers are responding to that theme. On Tuesday, California-based Inspire Investing bolstered its lineup of Christian values ETFs with the debut of the Inspire 100 ETF BIBL. “All of our funds are built using our Inspire Impact score methodology, which identifies the most inspiring biblically aligned companies in the world,” said Inspire CEO Robert Netzly.
In my last October article about the Russel Index (1), I pointed out that looking at the last two years charts of Russell sub Sectors, in the last month the strongest one in terms of Relative strength was the Russell Industrial Materials & Processes. From the following chart we can see that Relative Strength ratio, at the end of August, anticipated (a) the breakout of the trading range price channel (b) begun in late 2016, and until now the situation hasn’t changed.
Contrary to expectations, none of the yesterday's events, including disclosure of some insights about the new tax reform, created an impulse strong enough to force the pair to make a breakout from the rectangle pattern. Moreover, expectations of the upcoming release of information about the state of the American labour market led to formation of a minor symmetrical triangle pattern.
Trump announces nomination of Fed board member Jerome Powell to be next chair of US central bank. A Fed governor since 2012 and former Treasury official under the George H.W. Bush administration, Powell will replace current Fed Chair Janet Yellen. Yellen was nominated in 2013 by President Obama. Her term as the central bank's first female leader expires in February.
The Lantern Fund Forum is one of the most important event focused on Asset Management, Investment To
Part I: Basics (“GIPS beginners”) - Part II: Recent Developments and Update from the GIPS Commit
This seminar provides both “GIPS beginners” (part I and II) and “GIPS experts” (part II) wit
Der SWISS FUND DAY ist eine Initiative, welche im Jahr 2006 von verschiedenen Vertretern der Fonds-
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