Germany sells 10 year bonds at lowest yield on record

Share to Twitter Share to Linkedin Everybody's talking about higher inflation and rising interest rates, but are they worried? Not really. The Fed's on the case, so investors are asking, "Which investments are best to buy?" Barron's has the answer on its January 17 cover (underlining is mine): "2022 Roundtable - Our experts see a strong economy, a volatile market, and a good time for bargain hunting . " Turning to the article for stock ideas, we run into a cautious title, " Time to Buckle Up ," based on this summary: " Wall Street's pandemic-era party appears to be ending. Stocks, bonds, crypto, you name it - almost every asset class has hit a rough patch since 2022 dawned, and things could get worse before they begin to get better . That's the consensus of the 10 investors on Barron's Roundtable, which met this year on Jan. 10, on Zoom. The group looks for inflation to rage and stocks to stumble in the first half of 2022, as the Fed … [Read more...] about Dual Bond And Stock Bear Markets Look Likely

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market snapped a five-week losing streak and closed 3 percent higher in the week ended May 20. Volatility remained on the higher side amid the Ukraine-Russia crisis, and fear of aggressive rate hikes by the Federal Reserve. After losing more than 11 percent in the previous five weeks, the Nifty50 closed decisively above 16,000 mark at 16,266, up nearly 500 points and formed a bullish candle on the weekly scale. The index also closed way above 5 and 10 days simple moving averages whose value placed above 16,060 levels. The index has not fallen below its March lows (15,671) and also held strongly above the 15,700 mark, which both could act as strong support levels in coming days and sustaining above 16,000 could take the index beyond 16,600 mark, experts said. "With reference to … [Read more...] about Top 10 trading ideas from experts for next 3-4 weeks as market snaps five-week losing streak

Global equity markets rebounded after the S&P 500 pared losses that briefly took it into bear market territory, and the dollar gained on Friday, as investor unease about Federal Reserve policy tightening to curb inflation kindled fears of a recession. Shares rebounded earlier in Europe and Asia after China cut a key lending benchmark to bolster its weakening economy, helping initially to drive gains on Wall Street. China cut its prime rate for five-year loans, which influences mortgage prices, by 15 basis points in a reduction that was sharper than expected as authorities seek to cushion the impact of an economic slowdown. Also Read: Indian markets should be moving upwards next week, says IIFL’s Sanjiv Bhasin While a late-day rally stopped the S&P 500 from confirming a bear market, the gloom on Wall Street led the benchmark to fall for the seventh consecutive week, an event that has occurred only five times since 1928, according to S&P Dow Jones Indices. … [Read more...] about Global stocks rebound despite unease over economy; dollar gains

KOTA KINABALU: A simple and age-old native Kadazandusun ritual to awaken the spirit of plants and seeds marked the launching of a seeds revival programme in conjunction with the Harvest Festival in Sabah. The ritual saw bobohizans (or native priests and priestesses) chanting a prayer in the classic Kadazandusun language and sprinkling water from selected leaves, among other ceremonial acts. It symbolises, among others, the calling and revival of the spirit of seeds and other nature elements to bring yield and prosperity to the plants and people involved. Sabah Deputy Chief Minister II Datuk Seri Dr Jeffrey Kitingan, the organising chairman of the state-level Kaamatan festival, said the seed revival programme was in line with International Biodiversity Day which is held on May 22 annually. “In the global competition to produce genetically modified organisms (GMOs), local and endemic plant species are often overlooked, and in many cases, go extinct. “But with this programme, we … [Read more...] about Awakening plant spirits to mark Harvest Festival

- A + A (May 23): The wreckage of a US$5 trillion rout in emerging markets is starting to look like a buying opportunity to some intrepid investors. The pain points are all too obvious: Stocks have fallen below their average valuations of the past 17 years. Local-currency bond yields have soared through a range that’s held since the 2008 crisis. Spreads on dollar bonds are close to thresholds seen only during times of distress. After 15 months of capital outflows, emerging markets are at an advanced stage of pricing in the risks. For some money managers, that means it’s time to start buying again — not in a bullish outburst, but in gradual, cautious steps. Still, the risk of deeper losses remains, especially if China’s economy slows further or the Federal Reserve turns more hawkish. “We have reduced our bearishness on the emerging-market asset class,” said Paul Greer, a money manager at Fidelity International in London. “While fundamentals remain very … [Read more...] about After US$5 tril rout, emerging markets seek turnaround signal

Share to Twitter Share to Linkedin The “adults” are back in charge. They’ve given us another war without end, a commodity crisis , and a supply chain crisis. What’s next? A global recession? Markets are a total mess , with Walmart WMT tanking 10% in one trading session on May 18. The last time that happened was the stock market crash of October 1987. Inflation, thanks to unpresented money printing and Universal Basic Income test- drives during an unprecedented China-style lockdown of the U.S. economy in 2020—2021, is now eroding living standards. It’s global. The U.K. inflation print on May 18 was 9%. How transitory is this? If Europe keeps the pressure on commodities in its economic war with Russia, then the answer is – as long as Europe and Russia are sanctioning each other to smithereens. As I predicted here back in February, before the Russian siege of Mariupol, and before much of the Donbas region fell to Russian … [Read more...] about The Coming Global Recession, Helped By Europe’s ‘Green War’ With Russia

- A + A (May 23): Hartalega Holdings Bhd rose 4.3% on Monday morning (May 23). Trading volume was double the average for this time of day. Its share price increased to RM4.37 from RM4.19. The stock was the best performer among its peers. Meanwhile, the FBM KLCI rose 0.4%, while the MSCI AC Asia Pacific Index gained 0.6%. Market metrics Trading volume was 427,000 shares, double the 20-day average of 173,715 shares for this time of day. Of shares that were traded, 32% were at the ask price and 48% were at the bid. Market insights Hartalega's share price declined 56% in the past 52 weeks, compared with a 59% decrease for the company's Bloomberg peers. The KLCI lost 0.8%. The share price of Hartalega is down 0.7% in the past five days and fell 5.2% in the past 30 days. Hartalega trades at 23 times its estimated earnings per share (EPS) for the coming year. It trades at 3.3 times trailing EPS. The company is priced at 2.9 times book value. The … [Read more...] about Hartalega shares up most in seven weeks, trading volume doubles

The self-propelled K-9 Thunder howitzer on the move [JOINT PRESS CORPS] To understand the Korean defense industry, the self-propelled K-9 Thunder howitzer might be a good place to start. The tank-like vehicle is a key piece of equipment in Korea and a hit with foreign purchasers. It is generally rated as one of the top 5 self-propelled howitzers globally, putting up a good fight against German, Chinese and Russian models. What makes it especially attractive as an export is the price: it costs about a third of the German offering. About the same bang for fewer bucks. The 155-millimeter self-propelled howitzer has been a success since its introduction by Samsung Techwin in 1999. Hanwha Defense recently won a 2-trillion-won ($1.5 billion) contract from Egypt in February and a 930-billion-won deal from Australia. To make one K-9, 700 separate bulletproof steel plates are needed, which require six rounds of wielding. Big surfaces are done by robots, but the small parts … [Read more...] about Korea defense exports: more bang for the buck

Share to Twitter Share to Linkedin Market volatility in spades this week! On Tuesday, markets were all a-twitter (oops, can’t use that word!) over the large and unexpected rise in April’s retail sales (+0.8%). That sparked a +2.0% rally in the S&P 500. What market commentators neglected to mention was that, when adjusted for price increases, the “real” number was negative (see chart above – red line). On Tuesday, Fed Chair Powell said that they would continue to tighten financial conditions until “we see inflation coming down,” and that it might not be easy and could come at the expense of a higher unemployment rate. “You’d still have a strong labor market,” he said, “if unemployment were to move up a few ticks. I would say there are a-number-of plausible paths to have a soft, as I said, softish, landing.” Note the reference to higher unemployment and the use of the word “softish” instead of “soft” indicating that the Fed might not be able to tame … [Read more...] about Markets See Looming Recession – The Fed Sees “Softish” Landing

Share to Twitter Share to Linkedin The shares of Vail Resorts (NYSE: MTN) have observed a sizable sell-off in recent months as rising inflation, countermeasures by the Fed, and the Russia-Ukraine war have lowered long-term investor sentiments. The company provides mountaineering-related services including ski school, mountain biking, hiking, and lodging in the U.S. and Canada. Per their investor presentation, the company is projecting 20% growth in lift pass revenues in FY 2022 – indicating high demand for Vail’s ski passes for the quarter ending April (Q3 FY2022). Trefis highlights the historical trends in Vail Resort’s revenues across different quarters over the last two years in an interactive dashboard analysis. How did Vail Resorts perform in 2021? In 2021, Vail Resorts reported $1.9 billion of total revenues – just 16% lower than pre-pandemic levels. The company’s top line observed strong growth before the pandemic, largely assisted by … [Read more...] about Time To Take Positions In Vail Resorts Stock?