A roundup of what The Globe and Mail's market strategist Scott Barlow is reading today on the Web CBC collected arguments from economists who believe that the end of NAFTA wouldn't be a big deal to the domestic economy, "It is a 'manageable risk' that businesses, markets and policymakers would adjust to fairly quickly, BMO says in recently released report. Story continues below advertisement "NAFTA's potential end would hurt, but BMO says it's a 'manageable risk'" – CBC ===== Oil markets are skittish as OPEC delegations arrive in Vienna for a meeting that is expected to result in a continuation of production cuts, "Futures dropped as much as 1.2 percent in London, extending Monday's decline.
"Oil Extends Declines Before OPEC Meeting on Output-Cut Extension" – Bloomberg "Just How Big Is Oil's Invisible Friend?". – (nat gas outlook) Gadfly "Goldman Says Oil Bulls Beware as Uncertainty Grips OPEC Meet" – Bloomberg Story continues below advertisement Story continues below advertisement ===== Deutsche Bank global financial strategist Masao Muraki provides his theory on why equity valuations remain so high, "The earnings yield in Japan, the US, and Europe can mostly be explained by the term premium observed in bond market (the yield premium for long-term bonds due to price fluctuation and illiquidity risk) and the risk neutral rate (average forecast short-term interest rate over the next 10 years).
A one standard deviation decline in term premium causes stock prices to rise 2.5% in the US, 1% in Europe, and 5% in Japan.". @SBarlow_ROB D.B.: the reason for high PE ratios" – (research excerpt) Twitter ===== Story continues below advertisement JP Morgan published a giant tome called "An Investors' Guide to Artificial Intelligence" wherein they provided stock ideas to benefit from this potentially transformative trend.
@SBarlow_ROB JPM : The scope of AI proliferation" – (research excerpt) Twitter "@SBarlow_ROB JPM: Biggest winners from AI expansion' – (stock ideas) Twitter ===== Motley Fool attempts to answer an important question: Why does Bitcoin have value?. – Motley Fool ===== Tweet of the Day: "@michaelbabad What to watch for in Bank of Canada financial system review (subscribers) " – Twitter Diversion: "The best films of 2017" – Marginal Revolution.
https://www.theglobeandmail.com/globe-investor/inside-the-market/why-does-bitcoin-have-value/article37109759/
