05-16-2017, 11:48 PM
Equity volatility is starting to evoke comparisons to Snow White -- and for good reason. With implied price swings at the lowest levels in more than 20 years, traders are wondering if anything can awaken stocks from their slumber. In this regard, equities are far from alone. Given how nearly every asset class is seeing subdued levels of realized volatility, it’s more like the princess and all her seven dwarfs are named Sleepy.
Mirror, Mirror, Which Asset Class Is the Sleepiest of Them All? - Bloomberg
George Soros's hedge fund Soros Fund Management placed a big bet on Snap Inc. SNAP, +8.36% over the past quarter while dumping its position in Amazon.com Inc. AMZN, -0.35% according to a Securities and Exchange Commission filing late Monday. Soros reported a nearly 1.7-million share stake in Snap. Meanwhile, Soros dumped his positions in Amazon, Abbott Labs ABT, +0.18% Delta Air Lines Inc. DAL, +1.06% and eBay Inc. EBAY, +0.32% Soros also took a new stake in ConocoPhillips COP, +1.00% and FireEye Inc. FEYE, +7.51% while adding to positions in Facebook Inc. FB, -0.09% Hewlett Packard Enterprise Co. HPE, +0.58% and Mondelez International Inc. MDLZ, +2.09%
Soros places big bet on Snap, dumps Amazon stake - MarketWatch
We have 4.4% unemployment, lower than Reagan ever got it. Last Friday’s inflation report showed core inflation still under 2% a year; liberal economist Dean Baker points out that inflation excluding housing is below 1%. Housing prices are up about 6% in the last year. And in one of the last vestiges of 2008’s crisis receding, new household formation by homeowners is even up — more millennials are confident enough to leave Mom’s basement..
In spite of Trump, it’s morning in America again - MarketWatch
Olathe, Kansas, became a global magnet for tech talent, thanks to plentiful jobs, cheap housing, and good schools. Then someone opened fire on a pair of Indian-born engineers.
What an Immigrant Murder in Kansas Says About America - Bloomberg
It’s now clear that cyberattacks are a fact of life for corporations and governments. What’s less clear are the winners and losers among companies focused on stopping the digital break-ins. News about the WannaCry digital extortion attack that crippled hundreds of thousands computers worldwide caused predictable stock market euphoria on Monday. As tends to happen when there is a highly public cyberattack, share prices of cybersecurity technology specialists such as Palo Alto Networks, Proofpoint and Fortinet climbed.
Cyberattacks Are Certain. Cybersecurity Business Is Not. - Bloomberg Gadfly