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Global Markets (list of references) a selected compilation of annotated references in reverse chronological order with relevant wikilinks.

Timeline

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Reverse chronological order

14 October 2014 The benchmark Canadian index, the Toronto stock market TSX fell 190.7 points, or 1.3 per cent, to 14,036.68 which means it has fallen 10.4 percent since 1 September 2014, which is "halfway down the path to a full-fledged bear market." "Crossing the 10-per-cent threshold signals a market correction" and is a "troubling milestone, because if stocks continue their slide, it will put a severe dent in the value of individual investments as well as the mutual and pension funds that Canadians count on for retirement."[1]

14 October 2014 According to the BofA Merrill Lynch Fund Manager Survey for October, investors have lost some confidence "in the outlook for the global economy and corporate profitability" due to concerns about the "imminent end of quantitative easing in the United States.[2]

14 October 2014 According to Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York the American consumer is like an "800-pound gorilla" fixated on consumption. This represents an $11 trillion advantage which will likely "steer the U.S. economy safely through the shoals of deteriorating global growth and turbulent financial markets."[3]

7 October 2014 According to Michael Hartnett, and based on the Chart of the Day, which tracks the "ratio between Standard & Poor’s 500 Index and the Bloomberg Commodities Index" (based on futures prices for 22 raw materials)[4], "[c]ommodities have performed so badly relative to U.S. stocks that a rebound may arrive at any time.[4]

7 October 2014 According to Bloomberg journalist, There was a $3.5 trillion loss in value for global equities in October compared to a record in September 2014.[3] Chandra argued the drop was sparked by "[e]conomic weakness in Europe, slowing growth in China and tensions in the Middle East."[3]

4 September 2014 The ECB and quantitative easing. The European Central Bank (ECB) President Mario Draghi unexpectedly announced in a press conference in Frankfurt on 4 September 2014 that the "The euro system will purchase a broad portfolio of simple and transparent securities," asset-backed debt in 2014-2015. The ECB had already announced long term loans and in September in another unexpected move, cut interest rates to record lows in order to spur economic growth and avoid deflation. Draghi's plan aimed to have a sizable impact on the European Central Bank system's balance sheet.[5][6]

2 September 2014 In their 2 September 2014 Bank of America Merrill Lynch Research Unit report, led by New York-based, Michael Hartnett, chief investment strategist, "[a]About 45 percent of all [United States] government bonds are now yielding less than 1 percent."[7]

September 2014 The ratio between Standard & Poor’s 500 Index and the Bloomberg Commodities Index [based on futures prices for 22 raw materials] set a 15-year high in September before retreating."[4]

2 September 2014 Canadian stocks hit a record high.[1]

28 May 2014 In his report dated 28 May 2014, New York-based, Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch Research Unit, the gap between loans and deposits at U.S. commercial banks left "liquidity trapped in Wall Street." Hartnett wrote that this is one of "four potential triggers for higher share prices." Another possible catalyst for higher stock prices is relative calm in stock trading as measured by the Chicago Board Options Exchange Volatility Index dropped last week to 11.36, the second-lowest closing level for the VIX since February 2007.[8]

21 May 2014 There was relative calm in stock trading in the United States according to the VIX, which dropped to "11.36, the second-lowest closing level for the VIX since February 2007."[8]

15 May 2014 According to Wilson at Bloomberg "Borrowing in the week ended May 14 was 1.4 percent lower than the record $7.74 trillion, set in October 2008. During the same period, deposits rose 42 percent and exceeded $10 trillion for the first time."[8]

30 April 2014 According to the Chart of the Day, which uses using weekly data compiled by the Federal Reserve System, the percentage rate of loans as a percentage of deposits at U.S. commercial banks, dropped to its lowest level since 1978, 75.2 percent.[8]

Monitoring and reporting agencies

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  • Chicago Board Options Exchange Market Volatility Index, VIX implied volatility of S&P 500 index options. Often referred to as the fear index or the fear gauge, it represents one measure of the market's expectation of stock market volatility over the next 30 day period.
  • Bank of America Merrill Lynch Research Unit, led by New York-based, Michael Hartnett, chief investment strategist,
  • Bloomberg Commodities Index is a gauge is based on futures prices for 22 raw materials.[4]

Citations

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  1. ^ a b Berman & Milner 2014.
  2. ^ Bank of America 2014.
  3. ^ a b c Chandra 2014.
  4. ^ a b c d Wilson 2014b.
  5. ^ Goodman & Worrachate 2014.
  6. ^ Riecher 2014.
  7. ^ Abramowicz 2014.
  8. ^ a b c d Wilson 2014.

References

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A

  • Abramowicz, Lisa (3 September 2014), Morgan Stanley: Brace for Seven Years of Bond Losses, Bloomberg, retrieved 15 October 2014{{citation}}: CS1 maint: ref duplicates default (link)

B

C

G

M

  • Berman, Brian; Milner, Brian (14 October 2014), A market fall – and Canada’s suddenly vulnerable energy sector, The Globe and Mail {{citation}}: |access-date= requires |url= (help)CS1 maint: ref duplicates default (link)

R

W

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