Market Intelligence

Weekend Reading December 1st: Markets in Uncertainty

Author: Aleksandar Adamovic December 1, 2018

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The markets have been quite volatile last couple of weeks. It appears that they will most likely continue to be see these final weeks into the Christmas break. Post several weeks of pushing back from President Trump and general negative market development, the Federal Reserve came out with more dovish comments about the economy. This helped the markets to rally, investors are still concerned that it is just a short-term bounce. Into this week President Trump have ratcheted up his rhetoric against China with threats of further tariffs. Teresa May and the U.K have agreed on a Brexit deal with the EU, but it still needs to be approved by the U.K parliament. On the geopolitical front, things continued to heat up with Russia Navy boarding several Ukrainian ships due to border disputes. Everyone is now waiting to see what comes out of the G-20 meeting in Argentina. Will U.S. and China come to an agreement? Will foreign leaders avoid the Saudi Crown Prince post the murder of a journalist? Will “NAFTA 2.0” continue? And will there be any new developments in the Muller probe. Markets are waiting with abated breath. If no surprises come up next week or so, the markets might be able to take a breather. Question is, how likely that is?      

Economy, Trade & Fed, Macro

Weighing the Week Ahead: Do Plummeting Oil Prices Signal a Weak Economy? By Dash of Insight

Fed Minutes Signal December Rate Rise Likely, But Less Certain Path Next Year via WSJ

Fed’s Jay Powell cheers risky assets as he buys some wiggle room from FT

The U.S. Housing Boom Is Coming to an End, Starting in Dallas by WSJ

China hopes for positive results from US talks at the G-20 summit from CNBC

U.S., China Exploring Deal to Ease Trade Tensions via WSJ

China Blue-Collar Wave Strengthens Xi’s G-20 Hand by Bloomberg

How U.S. and Chinese firms are outmaneuvering Trump in trade war from Politico

A HISTORY OF FIRST CUTS from MacroTourist

Australian regulators watching non-banks for financial stability risks: RBA via Reuters

Here is a Saudi ‘war game’ scenario that demonstrates the peril of a post-Khashoggi period for the US and the Middle East from CNBC

Markets / Companies

UK equity market descends into ‘uninvestable’ zone by FT

What Bear Markets Look Like by AVC

An Evolve-or-Die Moment for the World’s Great Investors from Fortune

In Oil’s Huge Drop, All Signs Say Made in the U.S.A via WSJ

When Cash Outperforms Everything from A Wealth of Common Sense

EUREKAHEDGE: HEDGE FUNDS FAILING TO PERFORM IN 2018 via AllABoutAlpha

The Great American Bubble Machine by Rolling Stone

United Tech to Break Itself Into Three Companies via WSJ

GM is not pivoting to green from Ft Alphaville

GM is Closing North American Plants. Another Automaker Is Planning to Open a New One via Fortune

Big Tech Expands Footprint in Health by WSJ

Tech Tax Advocates Prepare Last-Ditch Push for EU Deal from Bloomberg

Bayer is cutting 12,000 jobs in the wake of its Monsanto deal via CNN

German police raid Deutsche Bank over suspected money laundering from Deutsche Welle

Amazon Prime Health is coming, according to an early investor from FastCompany

Apple tunes into terrestrial radio to compete with Spotify by FT

Patents on pot? U.S. lawsuit puts cannabis claims to the test via Reuters

Crypto

Capitulation is the wrong word for the bitcoin market via Ft Alphaville

Bitcoin Plunges to $3,738; Whole Crypto Scam Melts Down, Hedge Funds Stuck by Wolf Street

Special Report: Little known to many investors, cryptocurrency reviews are for sale from Reuters

The Commish via The Reformed Broker

Research / Interesting Reads

How Coffee May Protect Brain Health: A New Study Suggests The Benefits Aren’t Just From Caffeine from Forbes

Peter Thiel: Different Perspectives On Innovation, Risk and Investing via Youtube

Degrees of Freedom by The New Yorker

Teenagers now put Fortnite ‘V-Bucks’ and Bitcoin on their holiday wish lists via MarketWatch

Why Don’t We Forget How to Ride a Bike? By Scientific American

How a Saudi Family Feud Fueled Paranoia That Led to Khashoggi’s Murder from RealClear Politics

Why Aren’t Millennials Spending? They’re Poorer Than Previous Generations, Fed Says by NPR

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