On April 8, we outlined reasons to be concerned about stocks. The Fed pays close attention to the market’s risk profile; maybe they didn’t like what they saw. In addition to the Fed minutes that were released Wednesday, Charles Evans seemed to be carrying the “talk stocks back up” torch for the U.S. central bank.
As Indian voters go to the polls this month, the choices they make in the voting booth will mark the future of nuclear energy in India. The young Aam Aadmi Party promotes an anti-nuclear platform that may significantly influence the country’s future energy composition.
The argument that "things are different this time" understandably meets a great deal of skepticism, especially after a number of false starts and years of uncertainty. But evidence for a significant rise in corporate CAPEX spending continues to build.
There are some conflicting signs being thrown at us right now. There has been a risk off trade in the U.S. stock market. Several of the more speculative high flyers that led the market higher have seen heavy selling over the past few weeks. Perhaps this is a sign of spreading weakness in the market or just a rotation into names that represent a better value.
Richard Dickson, Chief Market Analyst at Lowry Research, explains why they don't see any signs of a market top, whether it's possible to "time the market," and the likelihood of another 10% correction before heading higher.
What we're witnessing right now in U.S. markets is a shift in the narrative structure around Fed policy, and it's hitting markets hard because the narrative structure around the Fed as an institution has never been stronger or more constant.
What if China floated the yuan? Is it really clear given the massive Chinese malinvestments in housing, in SOEs, in infrastructure, and numerous other things, that anyone knows for certain which way the yuan would trade if it freely floated?