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Investor Confidence Rose in April by 1.7 Points to 72.9
April 24, 2019--State Street Global Exchange today released the results of the State Street Investor Confidence Index(R) (ICI) for April 2019.
The Global Investor Confidence Index increased to 72.9 up 1.7 points from March's revised reading of 71.2.
Confidence among North American investors improved, with the North American ICI rising from 68.3 to 71.1. The European ICI declined by 1.5 points to 86.7 and the Asia ICI decreased by 6.7 points to 92.9.
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Source: State Street Global Advisors
CFTC.gov Swaps Report Update
April 24, 2019--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
CBO-The 2019 Budget and Economic Outlook
April 23, 2019--Summary
In CBO's projections, the federal budget deficit is about $900 billion in 2019 and exceeds $1 trillion each year beginning in 2022. Over the coming decade, deficits (after adjustments to exclude shifts in the timing of certain payments) fluctuate between 4.1 percent and 4.7 percent of gross domestic product (GDP), well above the average over the past 50 years.
CBO's projection of the deficit for 2019 is now $75 billion less—and its projection of the cumulative deficit over the 2019-2028 period, $1.2 trillion less-than it was in spring 2018. That reduction in projected deficits results primarily from legislative changes—most notably, a decrease in emergency spending.
Because of persistently large deficits, federal debt held by the public is projected to grow steadily, reaching 93 percent of GDP in 2029 (its highest level since just after World War II) and about 150 percent of GDP in 2049-far higher than it has ever been. Moreover, if lawmakers amended current laws to maintain certain policies now in place, even larger increases in debt would ensue.
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Source: Congressional Budget Office
Aleafia Health Added to NYSE-Listed AdvisorShares Pure Cannabis ETF
April 23, 2019--Aleafia Health Inc. ("Aleafia Health" or the "Company") has been added to the AdvisorShares Pure Cannabis ETF (NYSE: YOLO) ("YOLO"), which is listed on the NYSE.
"Aleafia Health welcomes the increased exposure to U.S. investors resulting from our addition to the trailblazing Pure Cannabis ETF," said Aleafia Health Chairman Julian Fantino.
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Source: Aleafia Health Inc.
Big Bitcoin Exchange Ends Bid to Lure High-Speed Traders
April 23, 2019--Coinbase laid off about 30 people in its Chicago office
Cryptocurrency exchange Coinbase Inc. is ending an ambitious effort to win over high-frequency traders, the latest sign that bitcoin companies are having trouble attracting mainstream financial players.
As part of the move, Coinbase laid off about 30 people in its Chicago office who had been working to improve the company's technology to cater to speedy traders, Coinbase President and Chief Operating Officer Asiff Hirji said in an interview. The employees had been hired from local firms like futures exchange giant CME Group...
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Source: Wall Street Journal
Introducing the FTSE US Tax-Exempt Investment-Grade Municipal Bond Index
April 23, 2019--FTSE Russell is pleased to announce the launch of the FTSE US Municipal Tax-Exempt Investment-Grade Bond Index, which represents an important addition to the expanding family of FTSE Russell's fixed income and multi-asset indexes.
The new index serves as a barometer for the US municipal bond market, which is one of the largest fixed income markets in the world and is comprised of a diverse mix of issuers and security types. In addition to providing comprehensive representation of the entire US municipal bond market, the index also includes a series of granular sub-indexes, which allow for added visibility and deep analysis of the market.
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Source: FTSE Russell
LifeApps Announces Appointment of ProcureAM's Robert Tull To Serve on Board of Directors
April 23, 2019--LifeApps Brands, Inc., (OTC PINK: LFAP) a publicly traded company which intends to deliver financial and marketing platforms specific to the LGBTQ community, announced the appointment of award winning financial expert Robert Tull to its Board of Directors, effective April 18, 2019.
Mr. Tull will be leading in the creation and execution of our LGBTQ Index. In becoming part of the LifeApps team Mr. Tull will bring his passion for developing financial products to help us reach the incredible power of the LGBTQ consumer demographic.
Mr. Tull is a well-recognized expert in the ETF market since 1993 consulting to issuers and governments on ETF infrastructure support. He is a named inventor on multiple security patents involving exchange-traded products, and he has been successful in presenting innovative registration to the SEC since 1994.
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Source: LifeApps Brands Inc.
Stoplight system could spot meltdowns ahead-study
April 22, 2019--Proposed traffic light system sifts through transaction data for signs of trouble
A traffic-light system of risk indicators for financial market infrastructure could use transaction data to detect threats to financial stability in almost in real time, according to research due to be published later this year.
Ron Berndsen, the chairman of LCH's risk committee, and Ronald Heijmans, a senior data scientist and policy advisor at De Nederlandsche Bank, argue in their upcoming paper that monthly or quarterly monitoring of market infrastructures like payment and settlement systems.
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Source: Risk.net
FTSE Russell-Infrastructure REITs: A match made in low yield environment heaven
April 22, 2019--For a brief period, it appeared that the extended low yield environment of today might at last be coming to a close. But the Fed's about-face to a more dovish stance on interest rates has investors again searching for yield, giving a boost to income-producing investments.
Two asset classes that have benefited in particular are REITs and Infrastructure, and the combination of them—Infrastructure REITs-have performed notably better than broader REIT and equity indexes.
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Source: FTSE Russell
Global X Expands its Suite of Covered Call Strategies with the Launch of the Russell 2000 Covered Call ETF
April 22, 2019--Global X ETFs, the New York based provider of exchange traded funds, today announced that it has launched the Global X Russell 2000 Covered Call ETF (Cboe: RYLD), designed to track the Cboe Russell 2000 BuyWrite Index.
The fund gains exposure to the stocks in the Russell 2000 Index and writes at-the-money monthly call options on the same index. The fund receives a premium from writing the call options, which can help increase the fund's distributions and potentially mitigate downside risks.
The Russell 2000 Index primarily includes smaller market capitalization U.S. companies (small caps), those with a market value between $300 million and $2 billion. The small cap index is historically linked to increased volatility and returns relative to mid- and large-cap indices.
