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Media Worth Consuming – April 2018

Jonathan Rochford

Wells Fargo copped a $1 billion fine for selling dodgy insurance and is keeping bad company in subprime lending. Barclay’s CEO got off with just a fine for trying to unmask a whistleblower. CBA charges fees to customers for over a decade after they died. Deutsche Bank paid $35 billion... Show More

Media Worth Consuming - January 2018

Jonathan Rochford

Goldman Sachs sees investor risk appetite at the highest level since the series began in 1991, whilst Bank of America and TD Ameritrade see investor cash levels at record low levels. Investors struggle to imagine a decline occurring as calls are expensive and puts are cheap. The long arguments for... Show More

#equities #credit #markets #economics #finance

Media Worth Consuming - December 2017

Jonathan Rochford

Private equity owned subprime auto lenders are struggling with high arrears. Millions of Americans are being chased for debts they don’t owe. Calpers is accused of increasing its equity allocation to avoid a lower assumed return and higher contributions. Resets on CLOs help to evergreen deals and reduce ramp-up issues. Show More

#equities #credit #markets #economics #finance

June Market Commentary: Ten Years on What Have We Learnt?

Jonathan Rochford

Risk assets were mixed in June with equities, credit and commodities all seeing ups and downs. Equities in the China (5.0%), Japan (2.0%) and the US (0.5%) did well, European equities (-3.2%) were down and Australian equities were flat. Investment grade credit saw small gains whilst high yield credit had... Show More

#equities #credit #markets #economics #finance

April Market Commentary: Markets are Invincible?

Jonathan Rochford

Small gains were made in equities and credit during April whilst commodities were mixed. Equities rose in Europe (1.7%), Japan (1.5%), Australia (1.0%) and the US (0.9%) with China (-0.5%) the odd one out. High yield and investment grade credit made small gains as well. US natural gas (2.5%) and... Show More

#equities #credit #markets #economics #finance