28 марта, 04:35

"Please Remain Cool" Fund Managers Beg As FANG+ Index Drops Most On Record

Echoing the immortal words of Bob Pisani, "the most important thing is to remain cool" according to Walter “Bucky” Hellwig, Birmingham, Alabama-based senior vice president at BB&T Wealth Management, who helps oversee about $17 billion. "Cool" will be an important word for tomorrow, after NYSE's FANG+ index crashed 5.6% today - its biggest drop ever - putting the widely-owned index of mega-tech, ultra-high P/E names deep in correction territory (down almost 14% from its highs)... Volume was extremely high compared to yesterday's practically-silent melt-up... And as Bloomberg notes, in this bull market alone there’s been five other corrections like this one, and it’s taken around seven months on average for equities to climb out of their hole. Based on that path, the current jitters won’t be fully eradicated until August... just in time for MidTerms to spike volatility once again. “People’s muscle memories spaz,” said Michael Purves, Weeden & Co.’s chief global strategist. “It’s like going to the gym and lifting weights after you haven’t been to the gym for two years. Part of it is just a very normal psychological, emotional reaction to a very stressful thing.” But tomorrow is critical as the index of tech stocks sits at the intersection of two critical support levels - a two-year trendline connected higher lows from early 2016 and The Shanghai Accord and the crucial 100-day moving-average... Volatility is back with a vengeance. Bloomberg points out that there have already been 22 days in which the S&P 500 moved more than 1 percent in the first three months of the year, triple the total for all of 2017. “You had this incredible low-volatility environment, but markets are supposed to go up and down,” Michael O’Rourke, Jones Trading’s chief market strategist, said by phone. “Relative to how markets should be and how they behaved most of my career, thus far this selloff is not a major event. At this point the selloff relative to history is just a blip.” So the rupture is back-to-normal, and normal is usually hard as the FANG+ index lost $180 billion in market cap today alone (and just the four FANG names are now down over $260 billion in the last 10 days). “So much of the money was directed toward tech stocks, and there is a much greater emotional identification for investors in these household names,” said Julian Emanuel, chief equity and derivatives strategist at BTIG LLC In New York. ‘‘People are incrementally more agitated than they were during February’s leg down because everyone believed the coast was clear. People are optimistic by nature, so when corrections hit, they are largely unexpected and emotionally jarring.” One other point of note - Nasdaq futures were up over 3% yesterday and down 3% today - that hasn't happened since 2011 - and, as @Dburgh notes, is not a great signal for the weeks ahead judging by the last 14 occurrences. Consider, as @L0gg0l noted, in 13 of the 14 occurrences, the US economy had entered a recession. Finally, we circle back to "Bucky" - our hero wealth manager from the beginning of this note. He has some final reassuring words for all of his clients (and potential clients): “I keep the checklist of things that went wrong during the financial crisis, and I look at it from time to time to see where we stand. We’re nowhere close..." Of course, we don't want to break it to "Bucky" that valuations are off the charts compared to 'the last financial crisis' and correct us if we're wrong, there wasn't $20 trillion of assets purchases by central banks creating the greatest potemkin village market the world has ever known. Still, probably nothing.

Выбор редакции
20 марта, 18:12

State Street CEO Gets Highest Pay in 2017, 26% Rise Y/Y

State Street's (STT) CEO Joseph Hooley gets $16 million as annual pay for 2017, marking the highest that he has ever received as CEO of the company.

19 марта, 15:47

Zacks Industry Outlook Highlights: Citigroup, BB&T, First Financial and Heritage Commerce

Zacks Industry Outlook Highlights: Citigroup, BB&T, First Financial and Heritage Commerce

17 марта, 01:41

What Does Dodd-Frank Amendment Mean for American Express?

American Express (AXP) should benefit from the easing of regulations pertaining to the Dodd Frank Act; low tax rate, strong macro-economic conditions are other positives.

16 марта, 22:31

Are U.S. Banks on the Verge of a New Golden Era?

Are U.S. Banks on the Verge of a New Golden Era?

16 марта, 16:53

The Zacks Analyst Blog Highlights: BCB Bancorp, CB Financial Services, Triumph Bancorp and United Community Banks

The Zacks Analyst Blog Highlights: BCB Bancorp, CB Financial Services, Triumph Bancorp and United Community Banks

15 марта, 15:24

Senate Banking Bill Loosens Key Dodd-Frank Norms: 5 Picks

Major beneficiaries of the new law will be regional banks, smaller community banks, regional lending institutions and credit unions.

14 марта, 14:47

BofA's (BAC) Interest Income Rise Offsets Fee Income Concern

Strong fundamentals and improving economy will support BofA's (BAC) profitability, while muted fee income growth remains a major concern.

09 марта, 17:17

Wells Fargo Brokerage Arm Under Massachusetts Investigation

The wealth management division of Wells Fargo (WFC) is being investigated by the securities regulator of Massachusetts to check for possible customer abuses.

07 марта, 16:48

BB&T (BBT) Raises CEO King's 2017 Compensation by 9.1%

BB&T (BBT) raised 2017's total compensation for its CEO as well as COO by 9.1% and 24.6%, respectively, through stock grants.

06 марта, 16:51

Here's Why You Should Buy Citigroup (C) Stock Right Now

Citigroup (C) exhibits mixed prospects for revenue growth, but cost-saving initiatives are expected to support bottom-line growth. However, litigation issues remain a concern.

06 марта, 16:44

BofA (BAC) Plans to Add 600 Call Center Jobs in Hunt Valley

Bank of America (BAC) plans to expand and hence add 600 new jobs in Hunt Valley.

01 марта, 17:54

Higher Rates & Loan Growth Aid Hancock Holding, Costs a Woe

Loan growth and higher rates continue to aid Hancock Holding (HBHC). Yet, rise in costs remains a concern.

01 марта, 00:26

The Road Ahead for JPMorgan (JPM) Amid Improving Economy

Lower taxes, higher interest rates and overall improving economy are expected to support JPMorgan's (JPM) financials going forward.

26 февраля, 16:47

The Zacks Analyst Blog Highlights: Citigroup, U.S. Bancorp and BB&T

The Zacks Analyst Blog Highlights: Citigroup, U.S. Bancorp and BB&T

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23 февраля, 18:49

BB&T Rewards Shareholders: Time to Hold on to the Stock?

BB&T (BBT) rewards investors with improved capital deployment actions, underlining the company's fundamental strength and solid liquidity position.

23 февраля, 17:05

Hercules Capital (HTGC) Q4 Earnings In Line, Revenues Rise

Hercules Capital's (HTGC) Q4 results benefit from higher revenues and growth in investment portfolio, partly offset by higher expenses.

23 февраля, 16:53

Florida Shooting Survivor Doubles Down: CNN's Entire Townhall Was Scripted

The latest embarrassing blow to CNN's (already tattered) credibility emerged last night when Colton Haab, the student who first exposed CNN for pushing him to ask a scripted question during Wednesday night's town hall appeared on Tucker Carlson Tonight to offer even more shocking details about CNN's conduct. Yesterday, we noted that Haab, a Marjory Stoneman Douglas High School student and shooting survivor, had come forward to say he decided not to attend Wednesday night's CNN town hall after CNN producers gave him a pre-scripted question for him to ask. But Haab told Carlson that the producers didn't just want him to ask one scripted question: They essentially rewrote a list of questions and political points that he wanted to make at the town hall, prompting him to back away from the town hall. Haab told Carlson he shared with CNN what he wanted to say, but a producer named Carrie Stevenson ultimately rejected it, and instead after several conversations "scripted" a question for him. "CNN had originally asked me to write a speech and questions and it ended up being all scripted," Haab said to a local news outlet Wednesday night, according to RealClearPolitics. Haab told Carlson he wanted to go "speak [his] part" and "open eyes" to a few things he thought could make the situation better. Haab said the network was dishonest and that is why he decided not to attend. He also said he was directed to "stick to the script." "She had actually said that over the phone that I needed to stick to the script," Haab said of the CNN producer. he was approached by CNN to ask a question at Wednesday night's town hall, but declined after the network gave him a "scripted question" instead of allowing him to ask his own question. More shockingly, Haab said he believed all the questions asked at the town hall were scripted. Haab explained in detail what happened between him and the cable news network and what he thought of the town hall. "So what had happened was four days ago I had gotten contacted by a lady named [State of the Union executive producer] Carrie Stevenson from CNN. She had asked me originally to just write a speech. It was going to be at the town hall at the BB&T Center [in Sunrise, Florida]. So I agreed. I felt like it would be the right thing to do. Be able to go speak my part as well as open eyes to a few things that I thought that can make this situation a little better. From there, three days ago, so the next day after that I had gotten an email back from her and she asked for more of questions rather than a speech. Which I was totally fine with so I wrote a little less of a speech and more of questions that I wanted to ask at the town hall. The day after that it was more of just questions. She asked for just questions that I would like to ask." "So, I gave her my questions and then yesterday, at about 5:15, I made contact with her. And she had asked if I had just asked her one question. So what they had actually done was wrote out a question for me because in my interview with CNN, I had talked about arming the teachers, if they were willing to arm themselves in the school to carry on campus. And they had -- she had taken that of what I had briefed on and actually wrote that question out for me. So I have that question here if you would like me to ask it for you." Haab said he turned off the town hall because he could tell that the questions being asked were scripted. CNN, of course, has denied Haab's claims. There is absolutely no truth to this. CNN did not provide or script questions for anyone in last night's town hall, nor have we ever. After seeing an interview with Colton Haab, we invited him to participate in our town hall along with other students and administrators from Marjory Stoneman Douglas High School. Colton’s father withdrew his name from participation before the forum began, which we regretted but respected. We welcome Colton to join us on CNN today to discuss his views on school safety. But, of course, they can't both be telling the truth. So who're you going to believe?

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09 сентября 2012, 20:35

Новый Дальний Восток и Дальневосточная революция - подборка моих публикаций и книг по проблеме

Интересная статья в газете "Жэньминь Жибао" "Россия возвращается на Дальний Восток".Благодаря Саммиту АТЭС и мерам по подготовке к нему внимание к нашему Дальнему Востоку серьезно выросло - и в мире, и, главное,  со стороны нашего федерального центра.Однако это абсолютно недостаточно!Нужна Новая Восточная политика, о необходимости которой писал десять лет назад в статье с таким названием и в книге "Россия между Западом и Востоком. Курс Норд-Ост" и потом в брошюре "Солнце в России восходит с Востока" и в многочисленных статьях и выступлениях на радио и телевидению.Нужна Дальневосточная революция как одна из семи революций развития страны.Ниже публикую подборку своих выступлений за последние 10 лет по проблеме развития Дальнего Востока и Новой Восточной политики:Дальневосточная революция - почему, как и когда? - обсуждение на "Народном радио"http://krupnov.livejournal.com/453132.html или http://www.youtube.com/watch?v=wV-LoUGVpGI&list=UUKBtxuOMic83QjUgS9xd99Q&index=2&feature=plcpКардинальный подъём Дальнего Востока, перенос туда столицы - вот суть стратегии развития страныhttp://www.kroupnov.ru/pubs/2012/02/10/10955/print.html или  http://hab.mk.ru/interview/2012/02/09/669810-yuriy-krupnov-dalniy-vostok-prodolzhaet-degradirovat.html«Солнце в России восходит с Востока» - книжкаhttp://www.kroupnov.ru/books/2006/07/20/10394/Пришло время Новой Восточной политики страны. И столицу надо переносить только на Дальний Востокhttp://krupnov.livejournal.com/399711.htmlГоскомпания по развитию Дальнего Востока необходима, но недостаточна Нужна дальневосточная революцияhttp://krupnov.livejournal.com/388181.htmlНовая Восточная политика как основа опережающего демографического развития Востока России Доклад Юрия КРУПНОВА на Дальневосточном экономическом форуме 5 октября 2006 г.http://www.kroupnov.ru/pubs/2006/10/07/10517/Центр Русского Космоса переместится на наш Дальний Востокhttp://krupnov.livejournal.com/382353.html"Новый Дальний Восток. 2017-й год" – футуристическая повестьhttp://www.kroupnov.ru/pubs/2008/03/05/10578Новая восточная политикаhttp://amur.kroupnov.ru/4/21_1.shtml или  http://www.pereplet.ru/text/segen25mar03.html  или http://vmg.pp.ua/books/%D0%93%D1%83%D0%BC%D0%B0%D0%BD%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%BE%D0%B5/Polit_econom_history/%D0%9A%D1%80%D1%83%D0%BF%D0%BD%D0%BE%D0%B2/%D0%9D%D0%BE%D0%B2%D0%B0%D1%8F%20%D0%B2%D0%BE%D1%81%D1%82%D0%BE%D1%87%D0%BD%D0%B0%D1%8F%20%D0%BF%D0%BE%D0%BB%D0%B8%D1%82%D0%B8%D0%BA%D0%B0.htmМинистерства развития Дальнего Востока - малоhttp://www.idmrr.ru/news/00735.htmlДальний Восток - центр мирового развития http://krupnov.livejournal.com/175882.html или http://www.youtube.com/watch?v=MJR9xRltfwk&feature=player_embeddedКорпорация развития Дальнего Востока заработает, если будет применяться метод проектов развитияhttp://krupnov.livejournal.com/342757.htmlКосмодром "Восточный" как пример проекта развития страны http://krupnov.livejournal.com/99621.html или http://www.kroupnov.ru/pubs/2010/08/28/10708/Дальний Восток России как центр мирового развитияhttp://www.proektnoegosudarstvo.ru/first_face/school_development_projects/dalnij_vostok_rossii_kak_centr_mirovogo_razv/Нужно ли, а если нужно, то куда переносить столицу России? 24 июня 2007 г. , телеканал "Культура" , передача "Что делать?"http://www.kroupnov.ru/news/2007/06/25/10567/Столицу на Дальний Восток. Дальний Восток - наше всёhttp://krupnov.livejournal.com/42550.html"Россия между Западом и Востоком. Курс Норд-Ост" (книга Юрия Крупнова)http://www.kroupnov.ru/books/2003/12/28/10391/Транссиб «версия 2.0» как инструмент восстановления транзитного потенциала и основа выживания России в 2020–2030 гг.http://www.kroupnov.ru/pubs/2010/06/01/10691Создание Свободненского дальневосточного космического кластера. Проектно–аналитический доклад. — Углегорск–Благовещенск–Москва: 2007. — 43 с.http://www.kroupnov.ru/anons/2007/04/19/10551/Центр российской жизни необходимо перенести на Дальний Востокhttp://www.kroupnov.ru/pubs/2011/08/16/10865/ или http://krupnov.livejournal.com/263780.htmlДальний Восток: регион кризиса или надежды?http://www.kroupnov.ru/news/2011/02/21/10794/  или http://www.youtube.com/watch?v=-BbXB3Hw_GE&feature=plcp или http://www.kroupnov.ru/news/2011/02/20/10792/Юрий Крупнов: Столица России будет на Дальнем Востокеhttp://www.youtube.com/watch?v=ostrDvVWAEUПроект развития страны  №53 Государственный жилищный сертификат дальневосточникаhttp://www.proektnoegosudarstvo.ru/project/gosudarstvennij_zhilishnij_sertifikat_dalnevostochnika/ Приамурье - центр мира 21 векаhttp://www.kroupnov.ru/5/39_1.shtmlСдача Дальнего Востока в аренду – последний шаг перед эвакуацией его населения http://www.proektnoegosudarstvo.ru/publications/sdacha_dalnego_vostoka/Проект развития № 3 "Новая столица России на Дальнем Востоке"http://www.proektnoegosudarstvo.ru/project/novaya_stolitca_rossii_na_dalnem_vostoke/Новая столица будет на границе с Китаем». KM.ТВhttp://www.kroupnov.ru/pubs/2009/10/14/10657/ Стоит ли переносить столицу из Москвы? – Юрий Крупнов на ЭХО МОСКВЫ,, 17.09.2009 http://www.echo.msk.ru/programs/poehali/620507-echo/Доклад Юрия Крупнова на круглом столе "Перенос столицы: за и против" 13 октября 2009 года http://www.kroupnov.ru/news/2009/10/15/10658/ Новая Москва – это раковая опухоль, которая убивает и Москву, и Московскую область, и Россиюhttp://www.kroupnov.ru/news/2012/07/03/10998/Нельзя допустить превращения Сибири и Дальнего Востока в трофеи для чужих государствhttp://www.kroupnov.ru/news/2012/05/18/10990/ или  http://www.kroupnov.ru/news/2012/05/06/10981/Проект развития  №20 Новый Дальний Востокhttp://www.proektnoegosudarstvo.ru/project/novij_dalnij_vostok/Дальний Восток станет «государством в государстве»?http://www.idmrr.ru/news/00758.htmlО создании на базе космодрома «Восточный» Национального космического центра им. П.А. Флоренскогоhttp://krupnov.livejournal.com/41207.htmlСтолица нужна на границе с Китаемhttp://krupnov.livejournal.com/62239.htmlХасан-2, биоэкополис - проект развитияhttp://www.kroupnov.ru/pubs/2011/01/10/10768/Амурская область - это ключевой регион Дальнего Востокаhttp://www.kroupnov.ru/pubs/2007/05/28/10561/Космодром Восточный следует сделать приоритетным национальным проектомhttp://www.echo.msk.ru/blog/kroupnov/671185-echo/Мост на Сахалин - проект Движения развития и Проектного государстваhttp://www.mostsakhalin.ru/publications/detail.php?ID=2104Станет ли Сахалин полуостровом и форпостом Россииhttp://www.kroupnov.ru/pubs/2007/03/13/10536/Проект развития №57 Восточный коридор развитияhttp://www.proektnoegosudarstvo.ru/project/vostochnij_koridor_razvitiya/ или  http://www.kroupnov.ru/pubs/2007/11/23/10571/Без проектов развития Госкомпания по развитию Сибири и Дальнего Востока пользы не принесёт. Дальний Восток поднимут не деньги, а людиhttp://krupnov.livejournal.com/393407.html или http://www.echo.msk.ru/blog/kroupnov/885019-echo/ Москву пора расселять… - РСН, 19.11.2010http://krupnov.livejournal.com/131221.html«О государственном жилищной сертификате дальневосточника» - проект Федерального закона РФhttp://www.kroupnov.ru/pubs/2011/09/23/10891/  или http://www.proektnoegosudarstvo.ru/materials/zakonoproekt_sertifikat_dalnevostochniks/ Юрий Крупнов о развитии Дальнего Востока Россииhttp://o.kroupnov.ru/the-far-east.htmlСвободненский дальневосточный космический кластер как проект переселения Госпрограммыhttp://www.kroupnov.ru/news/2007/06/06/10564/  или http://www.idmrr.ru/news/svobodnenskiy-dalnevostochnyiy-kosmicheskiy-klaster.htmlВидеовыступления Юрия Крупнова по проблемам Дальнего Востокаhttp://www.youtube.com/user/kroupnov/videos?query=%D0%B4%D0%B0%D0%BB%D1%8C%D0%BD%D0%B8%D0%B9Интервью Юрия КРУПНОВА КМ.ру о перспективах космодрома "Восточный"http://www.kroupnov.ru/pubs/2009/10/21/10659/Юрий Крупнов: Новая столица будет на Дальнем Востокеhttp://www.youtube.com/watch?v=sNV8BY2Nl8sПроект развития №124 Амурский соевый кластерhttp://www.proektnoegosudarstvo.ru/project/amurskiy_soya_klaster/От нового космодрома - к новой столице России. Направление строительства Нового Дальнего Востокhttp://krupnov.livejournal.com/382155.htmlНужно ли, а если нужно, то куда переносить столицу России? - 24 июня 2007 г., передача на телеканале «Культура»http://www.kroupnov.ru/news/2007/06/25/10567Добровольное переселение в Российскую Федерацию соотечественников, проживающих за рубежомАнализ ситуации и разработка предложений по дополнительным механизмам реализации Государственной программы по оказанию содействия добровольному переселению в Российскую Федерацию соотечественников, проживающих за рубежомhttp://www.kroupnov.ru/pubs/2010/12/07/10754/Дальневосточный строительный кластер - начало в кластере Хабаровского краяhttp://krupnov.livejournal.com/351292.html или http://www.proektnoegosudarstvo.ru/psession/energopass_domostroenie/Благовещенску и русскому Приамурью – ПОЛТОРА ВЕКАhttp://www.kroupnov.ru/pubs/2006/05/31/10357/ 150 лет Присоединения Приамурья к России. Письмо Президенту Российской Федерации В.В. Путину по поводу объявления 2004 года годом Дальнего Востокаhttp://www.kroupnov.ru/pubs/2004/10/06/10149/Проект развития страны №86 На Востокhttp://www.proektnoegosudarstvo.ru/project/na_vostok/Проект развития №30  Космодром Восточный — ведущий космодром мираhttp://www.proektnoegosudarstvo.ru/project/kosmodrom_vostochnij__vedushij_kosmodrom_mira/Новая столица России должна стоять на границе с Китаемhttp://krupnov.livejournal.com/131488.htmlПроект развития №34 Дальневосточный соевый поясhttp://www.proektnoegosudarstvo.ru/project/dalnevostochnij_soevij_poyas/Проект развития №119 Национальный космический центр имени Флоренскогоhttp://www.proektnoegosudarstvo.ru/project/natcionalnij_kosmicheskij_tcentr_imeni_florenskogo/Юрий Крупнов: Космодром Восточный в Углегорске http://www.youtube.com/watch?v=sF-u-Knj2rY или http://www.youtube.com/watch?v=wnfleQHSV1E&feature=player_embeddedНадо ли переносить столицу России?http://www.kroupnov.ru/news/2011/02/08/10787/Столица России должна стоять на Тихом океанеhttp://www.kroupnov.ru/5/76_1.shtml или http://www.intelros.org/drevo/krupnov7.htmРоссии нужен новый космодром http://krupnov.livejournal.com/36083.html  или http://www.rosbalt.ru/main/2007/02/19/286774.htmlКурс НОРД-ОСТ, не Северо-Запад http://krupnov.livejournal.com/30181.html  Проект развития №34 Дальневосточный соевый поясhttp://www.proektnoegosudarstvo.ru/project/dalnevostochnij_soevij_poyas/Перенос столицы: за и против. Видеодискуссии Юрия Крупнова в передаче "Настроение" канала ТВ Центр от 18.03.10http://www.kroupnov.ru/news/2010/03/20/10682/Хоронить космодром "Свободный" еще раноhttp://www.kroupnov.ru/position/2007/03/14/10533/Проект развития №127 Восточная судьба России (Сибириана)http://www.proektnoegosudarstvo.ru/project/vostochnaya_sudba_rossii_sibiriana/Дальний Восток России как центр мирового развитияhttp://www.youtube.com/watch?v=5fPN-Y1Vd6Y&feature=player_embedded