Rational Capitalist Speculator

Jul 12

An update on “A new chapter”

An update on “A new chapter”

citi-logoHello all,

Since graduating from Columbia a little over a month ago, I have started work with Citibank’s Mexico Equity Strategy / LatAm Retail research teams. I am very grateful for this wonderful opportunity to add value for my firm and acquire invaluable professional experience in macro and fundamental research.  Due to my new venture, I am suspending my blogging activities indefinitely.


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Jun 30

Isis rebels declare 'Islamic state' -

Gas prices have continued their rise.  Nationally, they are near 1-year highs.  We’ve had two consecutive monthly declines in real consumer spending (close to 70% of GDP).  A Q2 contraction is possible, which would signal a recession.  Continued turmoil is becoming a significant near-term risk for the U.S. economy.  

Jun 19

Ay, caramba! Argentina on verge of default -

UPDATE 2-China new home prices fall in May - first drop in two years -

Kuroda Spurs Worst Long Bond Rout in a Year on BOJ Tweak -

Rebels beg Russia for help as Ukraine fighting rages -

A fork in the road appears for Putin.  The insurgents are losing the battle.  Does he help them or allow Ukrainian forces to wipe them out?

Russian troops seen to mass at Ukraine border as rebels reject peace plan | Al Jazeera America -

Interesting to note that this build up of troops is occuring just before EU and US officials get together to discuss further sanctions on Russia.

Philly Fed index moves higher in June Economic Report -

WASHINGTON (MarketWatch) — An index of manufacturing conditions in the Philadelphia region surprised to the upside in June, suggesting that factory activity may be accelerating across the nation.

The Philadelphia Fed’s business outlook survey rose to 17.8 from 15.4 in May. The result was well above the 14.0 reading expected in a MarketWatch-compiled economist poll.

This is the highest reading from the Philadelphia index since last September. The index sagged in the winter, reaching a nadir of negative 6.3 in February but has come roaring back ever since. - (marketwatch)

Economic growth to pick up, leading indicators suggest Economic Report -

Economic growth set to continues.  A growth scare with budding fears of inflation could set Treasuries back over the coming months.

Jun 18

ZEW German investor confidence falls for 6th month -

Could this be linked to Russia/Ukraine/Sanctions???

Yellen forecasts a slow rise in interest rates The Fed -

Divergence of monetary policy among the big central banks may bring about intriguing trade opportunities in currencies.  

Furthermore, a growth scare would result in treasury sell offs.  Higher rates may ruffle feathers among equity investors.

Jun 14


Jun 12

Senate confirms Obama's Fed nominees -

Oil tops $106 for highest close in almost 9 months Futures Movers -

Eric Cantor’s loss a blow to Wall Street The Wall Street Journal -