Quick Takes

I’m streamlining my twitter feed a bit to cut down on noise and to make it easier to keep track of key information links to refer to later. In Quick Takes I post links I find of interest & relevant on any given day. These links will cover a broad spectrum of items, from the market impacting/relevant to economic & political news, social and the occasional potpourri/humorous and I may add a quick thought/impression.

If you, as I am, sift through tons of news throughout the day to stay informed then you may come to find these Quick Takes as a useful resource.

Italy’s Renzi pledges to hike budget deficit if he wins election

QT: Adding to debt is a campaign promise in Italy. The time of budgetary constraints are long gone. Debt is consequence free. Don’t you know?

Fitch predicts correction in ‘highly overvalued’ London office market

QT: As we saw yesterday with Feinstein’s tweet, banks are heading toward the continent  and that’s impacting real estate:

U.S. stocks attract largest inflows in 18-weeks: BAML

QT: Monthly money flow readings are historically stretched. Retail has left the sidelines and is buying the most expensive market in years.

BOE’s November Rate Hike Isn’t Set in Stone After Crunch Week

QT: Well duh. And this will be the headline script for years to come anytime there’s bad economic news anywhere, be it ECB, BOJ, BOE, or FOMC.

The Real Winners in Trump’s Tax Plan

QT: Stock futures flew again to new highs in overnight action on the Senate passing a budget resolution. Why? Because it raises the specter of tax cuts. The link above gives a good outline who actually benefit and who doesn’t. Don’t be fooled by the public narratives. If wealth inequality was the impetus for Donald Trump’s election every record high tweet is a celebration of wealth inequality expanding. It has nothing to do with the underlying fundamentals. It’s a giddy expectation of more free money that benefits the few, not the many.

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All content is provided as information only and should not be taken as investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. For further details please refer to the disclaimer.

Categories: Opinion

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