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Thu, 22nd June 2017

Anirudh Sethi Report

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Spare 5-7 minutes & Read Some Facts

Some Facts About Anirudh Sethi in Relate to www.AnirudhSethiReport.com

-AnirudhSethiReport is now owned by ANIRUDH SETHI  (Only Name been used by Real Owner )

-Twitter Id : anirudhsethi71 (Not owned by Anirudh Sethi )

-Anirudh Sethi :Has never Authored any Article in Relate to Indian Stocks/Indices /Commodities of Indian Stocks.

Yes ,Before Regulation came :

http://www.anirudhsethireport.com/good-things-must-come-end-eyes-30th-dec-2013/

http://www.anirudhsethireport.com/without-reason-nothing-happens-watch-25th-dec14/

Focus by Anirudh Sethi was /Still there :To Track Global Economy ,Global Market ,Forex Market ,Global Commodity Market.

To Organize Seminars on TA/Trading Psychology.

Yes ,Members been made but for Global Market/Commodity Market/For Seminar purpose.

Not Any Where it is written :Anirudh Sethi says this :Buy /Sell or Hold !!

Not Any Where it is written :This is Official Twitter Trading Account of ANIRUDH SETHI

Every Important post is for Members & that too password protected.

Think it over…………………………………

By Banning Anirudh Sethi ,Readers/Traders :Don’t know Fact they just do BLA BLA.

For ANIRUDH SETHI name is important ,Across Globe people Recognise him by name not by Sensex/Nifty or Stocks.

In 2007 ,Focus was Technical Analysis ,Now also Focus is on TA :Already Boldly mentioned on 30th Dec 2013 & 25th Dec ’14 :Stopped writing about Stocks/Commodity.

Overnight US MARKET :Dow closed-57 points ,S&P down -1.42 ,Nasdaq up 46 points.

The Nasdaq stocks have been the underachievers of late.  There has been a rotation out of the tech stocks and a move into the more “industrial” sector.   That is not the case for today though.
In trading today:
  • The Dow 30 stocks were lower by -57.11 points or -0.27% to 21410. The high reached 21492. The low 21390.
  • The S&P was near unchanged at -1.42 points or -0.6% to 2435.61. It’s high reached 2442.23. The low 2430.74.
  • The Nasdaq was the big winner at +45.92 points or +0.74% to 6233.95. The high reached 6236.65. The low extended to 6200.86
Tech is back in vogue – at least for the day.
In the US debt market today:
  • 2 year 1.3481%, up 0.4 bp. The high reached 1.3604%. The low 1.3399%.
  • 5 year 1.773%, up 1 bp. The high reached 1.7848%. The low 1.7532%.
  • 10 year 2.1617%, up 0.5 bp. The high reached 2.1756%, The low 2.1425%.
  • 30 year 2.7281%, down -1.0 bp. The high reached 2.753%. The low 2.72%. This is the lowest since November 9th.
There are concerns about the flattening of the yield curve.
The yield curve flattens when the Fed raises rates in the short end and investors anticipate a recession or lower inflation in the future.
Inflation remains a concern for some Fed officials (and the market). Nevertheless, the Fed is also worried that if the economy goes into a recession, they won’t have tools to re-inflate unless they raise rates.   HMMMM. Quite a dilemma for the Fed.

China’s $24 Trillion private wealth is twice the size of GDP

China’s private wealth swelled to 165 trillion yuan ($24 trillion) last year, about twice the size of its gross domestic product and six times the level it was a decade ago, new research showed on Wednesday.

The pool of private wealth in China will rise to 188 trillion yuan by the end of this year, according to a biennial report jointly launched by Bain & Co and China Merchants Bank. Its pace of growth, however, is expected to be the slowest in a decade at 14%, down from the peak between 2014 and 2016 when the compound annual growth rate was 21%.

 The number of high net worth Chinese with investable assets of at least 10 million yuan grew more than eight-fold to 1.6 million last year, up from 180,000 a decade ago, the report found. Those with at least 100 million yuan of assets also surged 12 times to 120,000 during the period.

“In short, about 400 Chinese multi-millionaires were made every day in the last decade,” said Wang Jing, general manager at China Merchants Bank’s private banking department. She described the growth of Chinese private wealth as “staggering” against the backdrop of a slowing economy and ongoing reforms to regulate wealth management products.

China’s economy expanded at 6.7% last year, its weakest pace for a quarter century, and is expected to slow further in the coming years.

Diageo to buy George Clooney’s Casamigos tequila in $1bn deal

fd260George Clooney and his “house of friends” are about to become billionaire friends after UK drinks giant Diageo agreed to buy their premium-tequila brand Casamigos for an eye-popping $1bn.

Casamigos, which was founded in 2013 by the US actor with Cindy Crawford’s husband Rande Gerber and flamboyant real estate developer Mike Meldman as a side project amongst friends, instantly enjoyed the backing of America’s rich-and-famous which helped propel the brand globally.

Diageo will pay the trio of friends $700m upon the closing of the deal and an additional $300m depending on the performance of Casamigo, which loosely translates into ‘house of friends’, over a period of 10 years.

Weekly US oil inventories -2451K vs -1200K expected

Weekly oil inventory and production highlights from the US Department of Energy

  • Crude prior -1661K
  • Gasoline -578K vs -579K expected
  • Distillates +1079K vs  +500K expected
  • Refinery utilization -0.40%
  • Production +0.2% w/w to 9.35 mbpd

WTI climbs over $44.00 on the headlines.

Here’s what API reported yesterday:

  • Oil -2720K
  • Gasoline +346K
  • Distillates +1837K
  • Cushing -1269K

Overall, it’s slightly better than estimates but there isn’t anything for crude oil bulls to get excited about. Inventories have fallen in 10 of the past 11 weeks but that’s normal for this time of year and overall supplies are still far above historical norms with production continuing to increase.

Oil Shrugs As Iran Hints At More OPEC Cuts, Admits Surprise At US Shale Production

If at first you don’t succeed, try again… and if that fails, start jawboning about more production cuts again.

Iranian Oil Minister Bijan Namdar Zanganeh says on state radio that “we are consulting with OPEC member states to have them prepared to make a decision to make further cuts [to production].”

As is clear from the chart below the reaction is anything but exuberant

Zanganeh went to say…

The US oil production increase was unpredictable and this increase is more than what OPEC members had foreseen”

 “OPEC should wait a while and see how the market forms”

 “But making a decision in this organization is very difficult because any decision will mean an output cut by the members.”

Somehow they saw US shale increasing production amid higher prices as “unpredictable”? Perhaps that’s why the market is unimpressed.