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(Bloomberg) -- Investors may remain in cash more than expected as safe-haven assets seen as traditional hedges aren’t panning out, according to JPMorgan Chase & Co.Above-average allocations to cash may be an unintended consequence of easy-money policies, with cyclical assets seen as too difficult to hedge in a zero-yield environment, strategists led by John Normand wrote in a note Friday. That conservative mindset may not become popular enough to affect the direction of risky markets, but it could discourage investors from deploying their cash into other asset classes, they said.“Defensive assets are delivering their weakest performance and therefore worst hedge protection of any equity sell-off in at least a decade,” Normand said. “The wall of cash some hypothesize will inevitably flow into equity, credit and EM may remain very high indefinitely.”The S&P 500 index has fallen about 8% since hitting a record on Sept. 2 amid concerns about valuations, a resurgence...
Responding to questions at a press conference Sunday, President Trump denied a New York Times article about his finances, saying he pays "a lot" in federal income taxes. Photo: Chris Kleponis/Bloomberg News...
(Bloomberg) -- Fed-up U.S. shale investors may finally be about to get the industry consolidation they’ve been demanding.Devon Energy Corp. and WPX Energy Inc. are in advanced talks to merge, the Wall Street Journal reported Saturday, with an announcement coming as soon as this week. The combination would create one of the biggest independent shale producers in the country, tying together two companies with sizable operations in the hottest part of the prolific Permian Basin, which straddles West Texas and southeastern New Mexico.U.S. shale company shareholders, frustrated after years of poor returns and missed targets, have long called for the industry to consolidate in order to cut costs, and some have advocated for low- to no-premium deals, just to get them across the finish-line. The plunge in oil prices this year, which has left much of the industry unprofitable, has only added to the impetus for mergers and takeouts, particularly in...
(Bloomberg) -- U.S. equity-index futures began the week with modest gains along with stocks in Asia as investors weighed further signs of recovery in China against more virus outbreaks in some parts of the world.The dollar was steady against most G-10 peers early Monday. S&P 500 futures ticked up after the gauge rose on Friday, while shares opened higher in Tokyo and Seoul. Shares in Australia dipped and the Aussie rose after Westpac Banking Corp.’s influential economist walked back his call for an interest rate cut to November from October. Crude oil slipped. Treasuries were little changed.Global equities remain on course for the first month of losses since March amid mounting signs that the pace of economic recovery will slow with an uptick in global coronavirus cases and a stall in further government aid. Data over the weekend showed profits at China industrial companies grew for a fourth consecutive month in...
In this article we are going to talk about most indebted countries in the world. Click to skip our discussion and jump to the 20 countries with the most debt per capita and the highest debt to GDP ratios in 2020. I have a PhD in financial economics and took PhD level macroeconomics courses. However, […]...
