News
A Few Wall Street Traders Stayed When Everyone Fled the Office
Between March and late May, the 56-year-old founder and chief executive of Cornerstone Capital walked to work from her Upper East Side apartment to her midtown office, a mask on her face, homemade lunch in her purse and some tissue in her pocket for the elevator...
The Post-COVID Economy Needs Female Entrepreneurs
Cornerstone Capital Group, an impact investing advisory firm, came out with a paper this week that details the ways female entrepreneurs uniquely supported U.S. economic recovery after the ’08 recession and how the nation can maximize those benefits today as it looks...
Gold ETF Inflows Hit Record as Bullion Rally Continues
“You’ve got a perfect storm,” said Rhona O’Connell, head of market analysis for EMEA and Asia at StoneX Group Inc. Read more
China scales back meat imports over virus concerns
Darin Friedrichs, analyst at commodities broker StoneX in Shanghai, said: “Pork prices continue to climb and China needs imports to keep inflation under control while the hog herd gets rebuilt.” Read more
Oil Below $41 With Signs of Swelling U.S. Crude Stockpiles
“Investors are currently in wait-and-see mode with regards to increased cases in the U.S.,” said Kevin Solomon, an energy analyst at brokerage StoneX Group Inc. “OPEC+ will continue to follow the pre-announced cuts as demand is currently anemic.” Read more
Dairy prices soar at fastest since 2016, led by 13% milk powder surge
At StoneX, as INTL FCStone is now called, John Lancaster, head of EU dairy consulting, said that the gain was far faster than many commentators, including the broker itself, had expected. Read more
Gold Price Slips as Euro and UK Stock Markets Slide on Deeper Covid Recession Forecasts
"It was the compromise between the politicians over this potential extra €750bn funding that took $40 off gold in early June," notes Rhona O'Connell, head of market analysis outside the US for brokerage StoneX. Read more
History Is a Nightmare From Which Stock Pundits Refuse to Awake
Yousef Abbasi, a global market strategist at StoneX, notes that the background investors are dealing with changes quickly and often, meaning data points can easily turn useless. Read more
Travel Insurers start to cover Covid-19 as global lockdown eases
Elsewhere, Europ Assistance has launched its Covid-19 Protection product, which includes ‘the majority of its core services into one solution to help those dealing with the current pandemic’. Read more
This is the simple reason you can’t believe the P/E ratio for the Russell 2000 right now
What percentage of small- and mid-cap stocks are reporting losses? I was unable to get data for the companies in the Russell 2000, but Vincent Deluard, global macro strategist at investment firm StoneX (formerly INTL FCStone), told me in an email that it’s more that...