This caught my eye as something MNST drinkers might be interested in: We are also subject to Proposition 65 in California, a law which requires that a specific warning appear on any product sold in California that contains a substance … Continued
Eurozone GDP in Q1 was reported as flat y/y, which was better than expectations. Below is the list of GDPs of component countries. Greece GDP is lower by 6% y/y, while Portugal is 2.2% lower and Spain is only down … Continued
The S&P 500 has closed lower in 8 of the last 11 trading days. In the 2nd quarter, the S&P has only closed positive 40% of the time, which is quite a losing streak compared to the 1st quarter when … Continued
As liquidity continues to pool in the US banking system, the securities portfolios of US banks have gotten larger and larger. This phenomenon coupled with the low yield environment is likely at least part of the reason that JPM was … Continued
Of the stocks that make up the S&P 500, just 85 are positive since May 1. Below are the top 10 performers so far this month.
It hasn’t had much effect on global equity markets today, but China did decide to ease monetary conditions on Saturday by lowering the reserve requirement on large banks. The cut, which will be effective on Friday of this week will … Continued
Now down 1.3% today, gold has turned slightly negative for the year. The GLD is down 0.19% while the S&P 500 is still up more than 7%.
People seem to be appalled that JPM could have assumed a “massive” $2B loss in its $320B trading portfolio in one quarter. In the context of the amount that the bank has charged off in its $720B loan portfolio over … Continued
Below is an excerpt from JPM’s most recent 10-q where it discloses its losses in the CIO unit: Since March 31, 2012, CIO has had significant mark-to-market losses in its synthetic credit portfolio, and this portfolio has proven to be … Continued
Global PC shipments grew 1.9% from 1Q11 to 1Q12 in terms of units. Almost 89m PCs were shipped in 1Q12. On a worldwide basis, Apple isn’t even a top 5 PC company. In the US it does have 10.6% share … Continued