Capital Trading Group Blog
Before we get to the markets, we have to talk about something that concerns us. This week the government failed to gather enough senate votes to pass a budget resolution.
Last week saw the final Fed meeting of 2017 and the final meeting with Janet Yellen as chair. The FED raised rates another 25bp to put the top end of the Fed Funds range up to 1.5%. This move was widely expected and priced into the markets.
What a week for Blockchain, that’s all we can say. For all the hoopla circulating around the introduction of Bitcoin futures and all the endless blather of uncertainty, we feel that the CBOE futures came and went without a whimper.
We hope that you had a wonderful Thanksgiving and that the conversations were as off the cuff as ours. We decidedly opted to listen more than opine as we ingested not only too much turkey but certainly a fair amount of economics and far too much...
Last week was a record breaker, not for any certain commodity, but rather one specific market and that was the market for fine art. Leonardo da Vinci’s painting “Salvator Mundi” sold at at Sotheby’s auction for a record breaking $450 million.
Before we begin our discussion, we feel it imperative to define a few concepts. The first concept we would like to define is, "a medium of exchange." A medium of exchange can be ANYTHING that is WIDELY ACCEPTED in exchange for a good or service.
Apparently Bitcoin has a future, CME Group announced today that they will be offering a Bitcoin based futures product in Q4 2017. We mentioned or rather made a notion to the fact that the CME Group started keeping track of the price of Bitcoin...
As usual we comb the globe in search of pertinent information that you may otherwise, never have been exposed to. Information that we can read and decipher in order to bring you the type of research you have come to expect from us...
We decided to start this week's letter with the latest data put out from the Federal Reserve's latest "Survey of Consumer Finance." The headline data posted shows that the share of overall wealth of the top 1% of Americans was 38.6% and the other 90%...
We have often joked for years now how the central banks have artificially supported markets. Prior to 2008 it was just a myth, this PPT or Plunge Protection Team, well now we don't even joke about it anymore as fiction has indeed become fact.
Thankfully the hurricane assumptions were off and they did a bit less damage than what was anticipated. Although let's not make light of the recent weather events, for mother nature always proves her strength.
The only constant is change.” – Heraclitus – 500 BC. Volatility simply describes to what degree the price of a market security typically changes. Volatility can be “high” or “low.”
Greed makes people do questionable things. Of course, envy does too. And I’d say U.S. investors have to be getting pretty jealous of foreign investors after the first half of 2017. The S&P 500 is up 8.2%... but global stocks are up 13.2%
Our letter this week is going to take more of an informational tidbit tone. We feel the markets as of late have been driven by late summer vacations, schools starting up and unfortunately that menacing North Korea.
Last Friday saw the release of the US CPI report. It rose a paltry 0.1% mom, with yoy growth dropping to a meager 1.7%. The bond market saw this as a go ahead to rally as yields fell across the board with the US 5yr Treasury falling 8 basis points...
Well one thing is certain summer is definitely upon us! With summer in full effect and especially coming off of a midweek 4th of July where it seems those that can, take the entire week off, we wouldn't expect anything less than subpar volume trading.