06-09-2017, 10:53 PM
While concerns about the global economy continue to plague investors, Paris-based OECD has forecast that the global economy is on course for its fastest growth in close to six years but has warned that countries need to strive to do better. The Organization for Economic Co-operation and Development has predicted that the global economy is set to grow 3.5 percent in 2017, followed by an increase to 3.6 percent in 2018 as confidence is increasing and investment and trade are picking up from low levels.
OECD ups global growth forecast to six-year high; downgrades US
While the Dow Jones Industrial Average, S&P 500 Index and Nasdaq Composite index hit all-time highs (again) last week and with volatility hovering near a 24-year low, Secretary of Defense James Mattis gave an underreported speech that should cause investors to rethink their complacency. In an address to a security conference in Singapore, the retired Marine Corps general who headed Central Command from 2010 to 2013 called North Korea’s burgeoning nuclear program a “clear and present danger” and an “urgent military threat.”
North Korea may be the biggest black swan of all - MarketWatch
James Comey, the British election and a diplomatic rift in the Middle East are supposedly setting up a trifecta of investor angst. But one closely followed macro strategist isn’t so sure a Treasury rally that’s driven the 10-year yield to a seven-month low is really all about investors seeking havens.
Is this the ‘last hurrah’ for bond-market bulls? - MarketWatch
Consistently profitable commodity trading is not about discovering some magic way to find profitable trades. [T]rade identification is the least important of all. In my opinion, learning the importance of managing losing trades is the single most important trading component. Consistently successful trading is founded on solid risk management. Consider an average year for PLB. Only 30% of his trades become winners. The rest either break even or lose. Yet he’s still extremely profitable. How is that possible? It’s because he keeps his losses extremely small. PLB’s major edge is in risk management. Limiting his losses ensures his winners more than make up for the losers. He consistently avoids the big mistake that would knock him out of the game. That’s how he achieves long-term success.
Macro-Ops Blog | Managing Your Losing Trades | Talkmarkets
Unfortunately, American businesses are extremely expensive. The ratio of enterprise value to earnings before interest, tax, depreciation and amortisation for the companies in the Russell 3000 index has almost returned to its all-time high during the peak of the 1990s equity bubble: Unlike the ratio of price to earnings, the EV/EBITDA multiple is less prone to changes in accounting standards or capital structures. It simply captures the value assigned to the entire company by all types of investors and how much money that company generates from its current operations to reward those investors. By this measure, American companies have become about 23 per cent more expensive since the start of 2013.