For effectively 5 years Japans 10year benchmark has traded below the 200dma taking with it yields around the world. Japanese institutional investors are one of the biggest groups of investors who influence the flow of large insurance, pension, endowment and municipal allocations.
Despite a rally back in the USD and the sudden recalibrated growth outlook for the world from Brexit, Commodities are picking up steam.
GLEN, X: Resource names may be building another round of momentum to take out recent highs after a sharp pullback took 25% off the run in names like US Steel.
RUSSELL (IWM): The Russell staged a big move off the lows at 960 and has been consolidating for a few weeks above the important 1075 level ( $108 in the $IWM).
Lots of talk today on Brazil and a potential move to the right with the (all white and all male) Michael Temer government moving into place. What’s clear is that the market locally has enjoyed the political change and maneuvering and hope of a new fiscal backdrop.
Investors need to look closely at the chart of the commodity index (CRB) for a fresh break of the 200dma to the upside that if sustained will be the first time the index has traded above this key technical level since August 2014 or just after the rout in oil began to gain steam.
Alibaba reports BMO tomorrow and is down 3% today on claims that the government regulator is concerned with fraud and oversight. Buy the dip?
We have made our view on Volatility very clear for months: We said you wanted to trade it and own it when it got cheap because we were entering an extended period of heightened volatility.
We have made plenty of noise about the improving China (FXI, quote) macro and the stimulus that is being dripped into the economy (the latter helping the prior) and now it seems that the street is starting to take notice and global and “cross-over” investors are voting with their feet.
- Xi calls for reforms on global governanceSource: China.orgPublished on 2016-09-29
- Deepest rail station coming to BadalingSource: China.orgPublished on 2016-09-29
- China publishes action plan on human rightsSource: China.orgPublished on 2016-09-29
- Top graft-buster orders inspectors to uncover the truthSource: China.orgPublished on 2016-09-29
- 3 telecom fraud criminals turn themselves inSource: China.orgPublished on 2016-09-29
- Mentuhui cult members sentenced in crackdownSource: China.orgPublished on 2016-09-29
- Galaxy Note 7 banned in officeSource: China.orgPublished on 2016-09-29
- World’s oldest wooden pagoda hits Guinness recordSource: China.orgPublished on 2016-09-29
- Beijing to relocate universities to ease population pressureSource: China.orgPublished on 2016-09-29
- Outstanding foreigners honored in ShanghaiSource: China.orgPublished on 2016-09-29
- Traders look for opportunities to jump into oil rally after OPEC dealSource: Fast MoneyPublished on 2016-09-28
- The burger blues: Fast food falloutSource: Fast MoneyPublished on 2016-09-28
- Stocks & bonds living together?Source: Fast MoneyPublished on 2016-09-28
- Icahn cuts Transocean stake to 1.5% from 5.9%Source: Fast MoneyPublished on 2016-09-28
- Suddenly Kaizer Chiefs are on a roll as they battle impressively past Free State StarsSource: South Africa Times Live – newsPublished on 2016-09-28
- Xi calls for reforms on global governance