Asset Management & Market Research

Weekend reads & daily charts ....

We scour the best of publications that cover the markets & economy, the world of business & finance, asset & wealth management, monetary & fiscal policy, Europe & Asia, the news & politics, science & technology … and throw in a bit of arts & entertainment, just to keep it light. Here’s what we found particularly compelling in the last 24 hours:

Global Markets’ Time Factor (El-Erian/Project Syndicate)

Euro zone: Just when you thought it was safe… (Economist)

The Week Ahead: Did Wall Street Strategists Jinx Stocks? (Forbes)

Kass: My Basic Investing Tenets (

7 Things That Could Have Killed Twitter, But Didn’t (

Unfit for Work: The startling rise of disability in America (Planet Money/NPR)

What will actually happen if Cyprus deal fails/ (MarketWatch)

Succinct Summation of Week’s Event (Big Picture)

Economists See No Crisis With U.S. Debt as Economy Gains (Bloomberg)

McCain Praising Obama Backs Revenue Compromise on Budget (Bloomberg)

Italy president asks Bersani to see if can form government (Reuters)

Jonathan Pollard and the Myth of the Israeli Spy (Feldman/Bloomberg)

Why only 3% of India has home internet access (Quartz)

Hedge Fund News: David Einhorn, Paul Singer, The Blackstone Group (Insider Monkey)


The daily charts come to us courtesy of Markit. The Markit Eurozone PMI Composite Output Index fell from 47.9 in February to 46.5 in March, according to the flash estimate. The decline signals an acceleration in the rate of contraction of business activity for the second consecutive month to the steepest experienced for four months. With the exception of a marginal increase in January of last year, business activity has fallen continually since September 2011. Markt Chief Economist Chris Williamson noted the following, confirming data points we cited in a Fusion MarketSite post March 13 about France:

“France saw the steepest downturn in business activity since March 2009, rounding off the worst quarter for four years, while Germany looks set to have enjoyed reasonable if unspectacular growth. However, even Germany showed worrying signs of growth fading in March, driven by a return to contraction of its manufacturing sector.”

euro pmi vs gdp MARKET, EUROSTAT !!!!!


Author: Kevin Lane

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