It is the 22nd of November 2019

News

JPMorgan's Outlook For 2018: "Eat, Drink And Be Merry, For In 2019..."

While the prevailing outlook by the big banks for 2018 and onward has been predominantly optimsitic and in a few euphoric cases, "rationally exuberant", with most banks forecasting year-end S&P price targets around 2800 or higher, and a P/E of roughly 20x as follows...

Read More

Does Donald Trump Regret Anything? Highlights From His FT Interview

With Donald Trump's 100th day in office fast approaching and set to coincide with the April 28th deadline when the Continuing Resolution is set to expire, potentially resulting in a government shutdown, the FT sat down with the president for an interview that covers some of the more pertinent aspects of Trump's presidency to date.

Read More

The Honeymoon Is Over: Goldman Slams Trump's Economic Plan, No Longer Expects A Border Tax

Less than a week after Bridgewater's Ray Dalio flip-flopped in his support of Donald Trump, going from vocally praising the billionaire's vision for the US, to becoming "increasingly concerned about the emerging policies of the Trump administration" because "there is significant risk that his populist policies could hurt the world economy (and worse)," it was Goldman's turn to dramatically sour on Trump's economic policies, and as the bank's chief economist, who previously just like Dalio was ecstatic about the economic growth prospects under President Trump, warned in a Friday night note that "one month into the year, the balance of risks is somewhat less positive in our view." 

Read More

The Scariest Forecast For Treasury Bulls

With Trump's border tax adjustment looking increasingly likely, the stock market - as JPM has warned in recent days - is starting to fade the relentless Trumponomic, hope-driven rally since election day instead focusing on the details inside the president-elect's proposed plans. And, as explained earlier in the week, if the border tax proposal is implemented, economists at Deutsche Bank estimate the tax could send inflation far above the Federal Reserve's 2% target and drive a 15% surge in the dollar.

Read More

Featured Apps