Saturday, December 30, 2017

Today's Headlines

  • Goldman(GS) Sees Crypto, Credit Shadowing Robust 2018 U.S. Economy. Hatzius has already made some predictions for the new year: four Federal Reserve rate hikes, real U.S. gross-domestic product growth quickening to an average of 2.6 percent, the jobless rate dropping to about 3.5 percent, and the yield curve not inverting. In a new report, Hatzius reiterated his expectation for overall economic strength, while flagging some concerns. Goldman isn’t the only firm to send up a warning flag about cryptocurrencies. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon labeled bitcoin a “fraud.” Fed Chair Janet Yellen has said it is a “highly speculative asset,” and Bank of Japan Governor Haruhiko Kuroda said it’s being used for speculation
  • As Oil Rises, Shale Drillers With Few or No Hedges Stand to Gain. OPEC Wins Over Hedge Funds to Make 2017 Oil's Most Bullish Year. The signs that the group is winning its tug of war with shale are compelling, and money managers have taken note: Their combined bets on rising prices for West Texas Intermediate and Brent crude reached record levels in December.
Wall Street Journal:
  • Had bullish commentary on (XLB), (GLW), (GSK), (DIS), (HD), (TJX), (WMT), (FIVE), (AAPL) and (CVX).
  • Had bearish commentary on (SHLD), (PIR), (WSM) and (ANF).
Zero Hedge:

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