Category: US

The fixed income market can be hit by a perfect storm

The fixed income market can be hit by a perfect storm

The corporate bond markets, on both sides of the Atlantic, has been hit this week by a wave of declines. As a result, we saw high yield bond markets and also investment grade bond markets falling from the record levels reached weeks before. The US high yield bond index, one of the most important benchmark...

After the FED Taper Tantrum we have the ECB Transparency Tantrum

After the FED Taper Tantrum we have the ECB Transparency Tantrum

Uncertainty about the future is something common in the financial markets, but until last week, we haven’t seen such a confusion and such a hard reaction of the international markets to Mario Draghi’s speech. The markets were highly disappointed from the last ECB decision to not further expand the QE. The expectations were for at...

Sales in the automotive sector hit new records. How long will it last?

Sales in the automotive sector hit new records. How long will it last?

In this new global rally of new cars selling, the North American automotive sector is outperforming and is largely gaining market shares. October was one of the best month in terms of auto sales worldwide, supported by the strong sales in North America and Europe. The extraordinary jump on sales of 14% year on year...

Lessons from Bill Gross

Lessons from Bill Gross

We often have heard M. Gross explaining his opinions against the Fed’s monetary policy, but this time he gave us some good lessons. In his last letter to investors, he argued why the Fed was wrongdoing through its Twist operations. Intervening in the market with these Twist operations, the Fed has not further expand the...

Trans pacific partnership

TTIP and TPP, what can we expect from these Free Trade Agreements

The global productivity remains at its lowest level, inflation is now next to be negative in many developed countries, the central banks have already used their Bazookas and the world bank has corrected on the downside its previsions for the world economic growth. The global currency war boosted by the many QE, seems not the...

Why the FED didn’t raised interest rates ?

Why the FED didn’t raised interest rates ?

The puzzle of why the Fed didn’t raised rates, this Thursday, is still going on, and investors are still debating about it. According to what the Governor said, this time for the Federal Committee the decision wasn’t as simple and it wasn’t unanimous. Many analysts agree that the Chinese slowdown was one of the main...