A Allocated The good is owned entirely by the investor.
Underappreciated supply growth from other OPEC countries plus still-strong US output suggest global oil markets remain roughly balanced, rendering sharp price moves in either direction unlikely at present.
Thus, fears of big oil price hikes choking off economic growth likely remain misplaced.
As for Energy stocks, if prices stay stable near current levels as we expect, some larger oil producers could benefit by picking up some slack from lost output in Venezuela and Iran. Before the US and Europe imposed sanctions inIran was producing 3. The US State Department has sent mixed signals about how hard it will push allies to reduce their purchases, initially saying it wanted zero exports from Iran but later promising to grant some waivers.
Exhibit 1 In August, it droppedbpd from July to 3. Failures are way down, profits are way up, and lending is rising—all good things. Yet, none of this necessarily means US banks are a great opportunity for investors right now.
Markets look forward, not backward, and US banks likely face some headwinds in the foreseeable future.
By all means, take a minute to celebrate how far banks have come since the crisis. Regulatory capital was just 2. They offer learning opportunities for investors.
Many experts continue blaming the same characters: Very little coverage has dwelled on what we and others believe were the true culprits. While our view is in the minority, evidence supports it. This required banks to mark assets on their balance sheet to their current market value.
This makes sense for liquid, widely traded assets whose market value is up-to-the-minute—like stocks. But not for everything. Financial institutions also hold illiquid assets like mortgage-backed securities MBS and collateralized debt obligations CDO with no intention of selling. Rather, they hold these assets to maturity and collect the interest.
The only reference point is the last sale price of something comparable. This created a destructive feedback loop that destroyed trillions of dollars of bank capital. Random Musings on Markets XI:Box and Cox () developed the transformation.
Estimation of any Box-Cox parameters is by maximum likelihood. Box and Cox () offered an example in which the data had the form of survival times but the underlying biological structure was of hazard rates, and the transformation identified this.
Updated world stock indexes. Get an overview of major world indexes, current values and stock market data. Remember, the IRS Will Never Email You.
By Kari Paul, MarketWatch, 11/21/ MarketMinder’s View: With many folks diligently working on their yearend tax preparation, here is a timely reminder to beware scammers seeking to complicate your efforts.“There has been a surge in fraudulent emails from senders impersonating the IRS, the agency warned this week.
There is also the sticky problem of math. Low unemployment is obviously good for Main Street. The latest jobs report from the Bureau of Labor Statistics showed , nonfarm jobs were added in October, keeping the unemployment rate at %.
DealBook Briefing: Reliving Wall Street’s Near-Death Experience. Ten years on, we remember the turmoil of the weekend that marked .
S&P Global Market Intelligence is a leading provider of multi-asset class data and research, delivered through innovative platforms, and coupled with insightful analysis.