In a new year of economic uncertainty, gold is a bright prospect again

The recent gyrations in the FTSE 100 and the tumbling price of oil may have captured public attention, but in the last four months the FTSE All-Share index has lost 12% of its value and the gold price has jumped 10%. If any two figures really show how nervous traders have become about the new […]

This Is The Worst Year For Hedge Funds Since The Financial Crisis

It’s no secret that most hedge funds have had a particularly difficult year, and now that we have 11 months of data, it’s become clear that 2018 is the industry’s worse year since the global financial crisis. Between investor redemptions and performance-based losses, the hedge fund industry has shed 3.4% of its assets under management so […]

Global stocks sink after Fed hike, bonds rally

NEW YORK (Reuters) – Global equity markets gave up earlier gains and continued a weeklong sell-off on Wednesday after the U.S. Federal Reserve announced a fresh interest rate hike and said “some” further rate hikes would be necessary in the year ahead. The decision, announced at 2 p.m. Eastern time (1900 GMT), slashed more than […]

The London Housing Market Is Worse Than It Looks. Here’s Why

Confused about the state of London property prices? You’re not alone. There’s plenty of evidence that housing is in a rut, but the downturn that began with the priciest homes four years ago has been slow to spread out from the center of the U.K. capital. The market is now facing a number of additional […]

Danske Bank money-laundering scandal drags down Deutsche Bank

Fears that Deutsche Bank may be facing yet another scandal and huge fine in connection with the money-laundering case at Danske Bank sent its shares plunging to an all-time low, undermining tentative efforts to restore credibility at Germany’s largest bank and wiping out recent gains in the share price. Danske Bank whistleblower Howard Wilkinson told the Danish […]

Record Number of Markets Now in the Red in Worst Year Since 1901

2018 is going down as the worst year for markets ever, by at least one measure. A whopping 89 percent of assets have handed investors losses in U.S. dollar terms, more than any previous year going back more than a century. The metric comes courtesy of Deutsche Bank AG, whose macro strategists feature it as […]

Billionaire Cohen Says Bear Market Coming Within Two Years

Billionaire hedge fund manager Steve Cohen said a bear market is coming within two years, adding to a chorus of voices who say the U.S. economy could falter by 2020. “We’re definitely late cycle, and so at some point we’re going to enter a bear market, and it’s going to happen in the next year […]

Hedge funds: October was worst month in 7 years

Hedge funds suffered their worst month in October in seven years as equity strategies were hit by a sell-off in technology stocks. Hedge Fund Research’s index that tracks all strategies was down about 3 per cent, its worst monthly decline since September 2011, the data provider said. That brings the index’s performance to negative 1 […]

Goldman Sachs: Observations on the US Midterm Elections

The US midterm elections on November 6th resulted in a divided government—the widely expected outcome—with the Democratic Party gaining control of the House of Representatives while the Republican Party maintained their majority in the Senate. We believe the markets were largely priced for this outcome and therefore expect limited effect on market volatility. Fundamentals and Policy Matter […]

Central Banks No Longer Cushion Economies and Markets. Finally

Get ready for greater instability as monetary policy in the U.S. and Europe moves away from the business of suppressing volatility. The increase in market instability should come as no surprise. It was clear from early in this (now-ending gradually) exceptional monetary-policy phase that central banks’ “unconventional policies” were aimed at repressing volatility as a means of promoting economic […]