The Day Today

"The Day Today" - 8 August 2014

No surprise that Oil higher, stocks lower, and bonds, yen, swiss francs all up on the Iraq news. This “risk-off” wobble has been floating around ever since inflows into the overly exuberant junk bond market started to ebb a few weeks ago.

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"The Day Today" - 7 August 2014

It’s the ECB and the BOE today but they’re the non-event of the week it would seem, which at least leaves Draghi in the position of being able to surprise in his press conference if he should so desire.

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"The Day Today" - 6 August 2014

* After the strongest US Services ISM reading in almost 10 years, Fed’s Fisher says the Fed will have to “move the date of lift-off further forward than had been projected” and if they don’t “I will dissent”.

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"The Day Today" - 5 August 2014

* Big changes for hedge funds, as banks are now cutting back on their prime brokerage services, in order to meet new regulatory requirements. ‘In recent months, Goldman’s prime-brokerage unit has been contacting hedge-fund clients to inform them that it now evaluates their business based on the return on assets it produces for Goldman,

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"The Day Today" - 4 August 2014

Last week ends with the S&P posting its worst weekly losss in over 2 years. So will this end up with a short squeeze with bargain hunters buying the dip?

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