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Seth Golden started the topic Libra, from NY Times in the forum Facebook (FB) 5 years, 4 months ago
As with Bitcoin, software developers would be able to build digital wallets and other services on top of Libra.
• Unlike Bitcoin, it would be directly backed by government currencies like the dollar or euro, so it wouldn’t fluctuate wildly in value.
• To acquire Libra digital tokens, which would be dispensed through a new Facebook subsi…[Read more]
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Seth Golden replied to the topic Mike Stanley of Morgan Stanley in the forum S&P 500 Analysts Notes 5 years, 4 months ago
Wilson´s very worried
“We see an increasingly risky environment as deteriorating data and a dovish Fed stand-off. Extreme moves in momentum suggest crowding risk in defensives, quality, and secular growth as the market waffles on the growth outlook. We’d manage exposure carefully…The risk is that with many counting on the same stocks to ride…[Read more] -
Seth Golden posted an update 5 years, 4 months ago
Andrew Sheets (head of cross-asset at MS):
“We strongly disagree with this ‘bad is good’ logic. The expectation that easing central bank policy can offset weaker data is at odds with both a broad swath of historical data and basic monetary theory. But since many in the market disagree, this feels like a good time to restate our case…weaker eco…[Read more]
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Seth Golden posted an update 5 years, 4 months ago
Deutsche: FED could be more aggressive in July
If the Committee is unable to navigate this balancing act, and the market deems the message as insufficiently dovish, financial conditions could tighten enough to trigger a more aggressive Fed response in July(Deutsche have 3 cuts; July, SEP and DEC
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Seth Golden posted an update 5 years, 4 months ago
Hope everyone is enjoying the new Interview Series! Would love to hear your comments or questions. Will discuss in the Trading Room tomorrow as well.
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Seth Golden and Shawn Treadwell are now friends 5 years, 4 months ago
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Seth Golden and allied10 are now friends 5 years, 4 months ago
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Seth Golden and Vol Lov are now friends 5 years, 4 months ago
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Seth Golden and Evgeny Sarymsakov are now friends 5 years, 4 months ago
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Seth Golden posted an update 5 years, 4 months ago
BAML is bullish on stocks heading into Fed meeting/G20: “we expect SPX>3000 in coming weeks, clear peak in US$ .. we are buyers of KOSPI, semiconductors, resources, China property stocks, high yield bonds, gold, and sellers of volatility.”
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Seth Golden and Katalak are now friends 5 years, 4 months ago
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Seth Golden started the topic Deutsche on path to $5Bn in the forum Facebook (FB) 5 years, 4 months ago
Deutsche:
1. We are encouraged by stats released from Facebook showing strong improvements in audience and engagement at Facebook Watch.
2. We increasingly see Watch as a scalable long-term revenue source. We think most investors view Watch as “meh” to the investment case, skeptical it can scale despite some solid numbers released in Dec…[Read more]
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Seth Golden posted an update 5 years, 4 months ago
1. MS economists expect the Fed to leave the federal funds rate target range unch’d at 2.25 – 2.50% at the conclusion of the June 18-19 meeting, but stress that it’s ready to… -
Seth Golden posted an update 5 years, 4 months ago
Weekly Mortgage Applications soar as rates drop https://www.cnbc.com/2019/06/12/mortgage-applications-soar-27percent-on-big-rate-drop.html -
Seth Golden posted an update 5 years, 4 months ago
Corporate CFOs are fearful of a recession in 2020 https://www.cnbc.com/2019/06/12/duke-cfo-survey-corporate-executives-fearing-a-recession-in-2020.html
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Seth Golden started the topic MN upgrades with $210 price target in the forum Facebook (FB) 5 years, 4 months ago
Jun. 11, 2019 7:42 AM ET|About: Facebook, Inc. (FB)|By: Brandy Betz, SA News Editor
MoffettNathanson upgrades Facebook (NASDAQ:FB) from Neutral to Buy with a $210 price target, implying a 20% upside.Analyst Michael Nathanson cites “improving underlying fundamentals” and new growth opportunities, which can offset regulatory risks.
The analyst…[Read more]
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Seth Golden started the topic Berstein on Fund Flows in the forum S&P 500 Analysts Notes 5 years, 4 months ago
1. Global equity vs bond flows have now hit a 3-standard deviation extreme, the lowest level since 2004.
2. Last week saw the largest weekly net inflow into Bond funds in over 4 years at USD 17.5bn and investors redeemed USD 10.5bn from their holdings of global equity funds, taking the cumulative flows for these 2 asset classes since the…[Read more]
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Seth Golden posted an update 5 years, 4 months ago
The day-to-day market is reflecting this pattern:
1. Algorithms have learned key words and respond to the news or tweet language.
2. Human traders pile on, perhaps taking the other side from the computers which are already cashing out.
3. The punditry, charged with imposing meaning on chaos, exaggerates the effect of minor news.
4. Mainstream…[Read more] -
Seth Golden posted an update 5 years, 4 months ago
More from Morgan Stanley on rate cuts. -
Seth Golden started the topic Morgan Stanley on rate cuts & Tariffs in the forum S&P 500 Analysts Notes 5 years, 4 months ago
“Fed could cut as soon as July but it may not halt slowdown/recession.”
“.. we would be wary of any claims that costs will be passed along to end market consumers or absorbed by cost efficiencies .. companies are already struggling to take price or maintain margins. Thus, we believe an exogenous cost shock would be very hard to absorb.” - Load More