The rally in risk markets has left oil in the dust, a function of how growing U.S. energy supplies and fears about global demand are throwing cold water on crude prices.
The chatter in the market may be bullish but there is a real danger that something could go wrong—something no one is talking about now but will be once they get hit by some unexpected development.
Over the next decade, China's growth will slow, probably sharply. That is not the view of malevolent outsiders. It is the view of the Chinese government. The question is whether it will do so smoothly or abruptly. The Financial Times reports.
"Am I a great investor? Not yet," Pimco's Bill Gross writes in an essay titled "Man in the Mirror." The real test of greatness will be adapting to a new era once the epoch of credit expansion comes to a close.
The U.S. Federal Reserve could begin cutting back on its massive bond-buying program this summer if the economy continues to pick up steam, a top Fed official said on Wednesday.
As stocks and credit both continue to rally, Brian Reynolds, chief market strategist at Rosenblatt Securities, said investors should opt for the former because the equity market will be boosted by stock buybacks.
The percentage of retail investors in gold slowed for the third month in a row in March, despite a late flurry of interest in the precious metal following the shock of the Cyprus crisis, a survey released on Tuesday showed.