December 2013

Chart o’ the Day: Bond Fund Flows are Hilarious

This is BlackRock’s chart of the week, it shows you how fearful fund investors have become about the potential for rising rates – they’re voting with their mutual fund inflows / outflows: That’s quite a change of pace from this beauty of a contrary indicator, posted weeks before the bond market top in July of…

Merrill Lynch Quant Strategy Names Their Top 10 Stocks for 2014

Merrill’s quant strategy group unveils their favorite ten stocks for 2014, one from each sector… Our favorite stock ideas for 2014 We provide a list of 10 S&P 500 stocks for 2014 — one from each of the 10 GICS sectors. These stocks align with our themes for the year-ahead 2014 and our quantitative work….

UNEMPLOYMENT AGENCY JOBS THREATENED!

The November non-farm payrolls report was a good one, 203,000 jobs were added last month (vs 185k expected), despite the shutdown of the prior month. U6 underemployment dropped big-time and the private sector is done kicking the gravel and staring down at the ground. The headline unemployment rate – while not terribly important despite the…

Alan Greenspan: Bitcoin is a Bubble and Gold is Weak

America’s foremost authority on bubbles, former Fed Chairman Alan Greenspan, weighed in on both Bitcoin and gold today in an interview for Bloomberg Television. Bask in the glory: Greenspan on whether Bitcoin is a bubble: “I guess so. Let me say that currencies to be exchangeable have to be backed by something. When we had…