Deutsche Warns Global Economy About To Roll Over, Says "Sell" | Zero Hedge:
"When Trump unexpectedly won the election, and futures staged one of their most dramatic rebounds in history, surging from limit down to solidly in the green, Wall Street promptly goalseeked their economic assumptions "chasing the price", quickly going from bearish to bullish, and nobody did it faster or more conclusively than Deutsche Bank, which seemingly overnight flipped from one of the biggest bearers of gloom on the outlook for the US economy, to one of its biggest cheerleaders. That however changed overnight, when DB's European equity strategist Sebastian Raedler highlighted that, according to the latest flash PMIs, global growth momentum hit a six-year high in January."
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Friday 27 January 2017
Norway's wealth fund concerned about market liquidity | Reuters
Norway's wealth fund concerned about market liquidity | Reuters:
"Norway's $890-billion sovereign wealth fund, the world's largest, is concerned about the dearth of market liquidity, making it more costly to conduct trades, a senior official told Reuters on Wednesday.
The fund is one of the world's largest investors with stakes in around 9,000 firms globally and some $310 billion placed in fixed income at the end of the third quarter of 2016.
This means that when liquidity is thin, its transactions can move prices - at a cost to the fund - while they are being undertaken."
'via Blog this'
"Norway's $890-billion sovereign wealth fund, the world's largest, is concerned about the dearth of market liquidity, making it more costly to conduct trades, a senior official told Reuters on Wednesday.
The fund is one of the world's largest investors with stakes in around 9,000 firms globally and some $310 billion placed in fixed income at the end of the third quarter of 2016.
This means that when liquidity is thin, its transactions can move prices - at a cost to the fund - while they are being undertaken."
'via Blog this'