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FTG Blog - Wall Street Is Mapping Stock Trades for a Post-Bond Bubble World

Wall Street Is Mapping Stock Trades for a Post-Bond Bubble World

Alan Greenspan says don’t kid yourself, if the bond market blows up the collateral damage to equities could be extensive. But does that mean you need to bail from the market completely? Read more

FTG Blog - U.K.'s Fox in U.S. to Make Case for Quick Post-Brexit Trade Deal

U.K.’s Fox in U.S. to Make Case for Quick Post-Brexit Trade Deal

Trade Secretary Liam Fox will meet with his U.S. counterpart in Washington on Monday as the U.K. seeks to prepare for a trans-Atlantic trade deal as soon as possible after leaving the European Union. Fox, who said on Sunday it will be a “difficult discussion,” is expected to hold talks with U.S. Trade Representative Robert Lighthizer and Commerce Secretary Wilbur Ross before meeting members of Congress during a two-day trip. He will then travel to Mexico and Texas in a search for post-Brexit trade partners. Read more

FTG Blog - World's Biggest Metals Exchange Takes on the Gold Elite

World’s Biggest Metals Exchange Takes on the Gold Elite

The world’s biggest industrial metals exchange is taking on the most powerful players in the gold market with the launch on Monday of its first futures contract for the commodity since the middle of the 1980s. Read more

FTG Blog - World's Biggest Pension Fund Has Best Performance in Two Years

World’s Biggest Pension Fund Has Best Performance in Two Years

The world’s biggest pension fund posted its best annual gain in two years, as Japanese and overseas stocks gained. The Government Pension Investment Fund returned 5.9 percent, or 7.9 trillion yen ($70 billion), in the year ended March 31, increasing assets to a record 144.9 trillion yen, it said in Tokyo on Friday. That’s the biggest advance since the fiscal year ended March 31, 2015, when it had its best annual performance on record. Domestic equities added 4.6 trillion yen as the benchmark Topix index climbed 12 percent, outweighing a loss on foreign and domestic bond holdings. Foreign stocks rose, increasing 4.3 trillion yen. Read more

FTG Blog - Why Traders Are Worrying About Low Volatility

Why Traders Are Worrying About Low Volatility

Stock markets are a sea of green, punctuated by frothy highs as markets roll past shocks such as U.K. elections, North Korean missiles, Persian Gulf confrontations and tweet-storms from U.S. President Donald Trump. Normally, all that good market news would seem simply good, right? But a growing chorus of strategists, investors and even policy makers is fretting that there should be more downs to go along with those ups. They’re worried that what’s called volatility in the markets is too low — and that the low readings in market measures known as fear gauges could foreshadow a giant disturbance down the road. Read more

FTG Blog - Crude Slump Wipes $113 Billion From Oil Drillers

Crude Slump Wipes $113 Billion From Oil Drillers

Oil companies have spent three years slashing spending and firing workers to protect profits, only to find their hard work blown away as prices entered another bear market. The MSCI World Energy Sector Index is heading for a second consecutive quarter of declines, mirroring the drop in crude. The 90 companies that make up the index, including giants like Exxon Mobil Corp. and Royal Dutch Shell Plc, have together lost $113 billion in market value since the start of April, according to data compiled by Bloomberg. Read more

FTG Blog - Investors Scramble to Keep Pace With New Market Outlook

Investors Scramble to Keep Pace With New Market Outlook

For investors scrambling to keep pace with a hawkish shift in the world’s biggest central banks, the second half of 2017 just got a lot more interesting. Two weeks of rhetoric from policy makers in Europe and North America has rewritten the outlook for markets, with the Bank of England and the Bank of Canada now seen as more likely than not to join the Federal Reserve in raising rates before the year is out, based on overnight index swap rates. Even the possibility of a European Central Bank hike, once seen as all but impossible, is slowly growing. Read more

FTG Blog - George Clooney Sells Tequila Brand to Diageo for $1 Billion

George Clooney Sells Tequila Brand to Diageo for $1 Billion

George Clooney may be the face of fancy coffee, but it’s in premium tequila that he just hit the real jackpot. Diageo Plc agreed to acquire fast-growing tequila brand Casamigos, co-founded four years ago by Clooney, for as much as $1 billion. The deal expands the London-based distiller’s lineup in a fast-growing category, where it already owns the Don Julio, DeLeon and Peligroso brands. Read more

FTG Blog - U.S. Colleges Have $500 Billion to Invest. Now Where Are All the Green Deals?

U.S. Colleges Have $500 Billion to Invest. Now Where Are All the Green Deals?

The University of California has taken a prominent role in a new group deploying money to sustainable projects (Green Deals), but finding the right ones isn’t easy. If you guessed that the University of California system would champion “sustainable” investing, you’d be correct. The catch is, the shelves in the sustainable investing aisle aren’t especially well-stocked with opportunities. Read more

FTG Blog - Bulls and Bears Are Both Winning as Markets Take Strange Turn

Bulls and Bears Are Both Winning as Markets Take Strange Turn

Markets are handing rosy returns to optimists as well as pessimists. History tells us it ain’t going to last. The march higher in global stocks this year is being tracked by rallies in gold, the yen and bonds — traditional haven assets. There are plenty of reasons being cautious is paying off: politics in Washington is fractured, tension on the Korean peninsula is rising and worries have revived about low U.S. inflation. That’s not been in the way of equity bulls who have driven up the value of stocks worldwide by more than $10 trillion in the past year. Read more