| April 12, 2022 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Lead Stories | | | World Markets Are Falling Again With Echoes of the 2018 Rout
Lu Wang - Bloomberg
The feel-good days for global markets at the end of March are firmly over.
Everything from stocks to bonds is falling -- even oil has pulled back from near records -- in a concerted cross-asset selloff with echoes of the rate-spurred rout of October 2018.
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The Fed Should Be Ready to Backstop the Commodities Market
Steven Kelly - Bloomberg
Justified as they are, the sanctions imposed on Russia â one of the world's largest exporters of metals and hydrocarbons â are wreaking havoc on already-strained commodities markets, with potentially dire consequences for the global economy. To avoid unnecessary damage, officials should be prepared to meet this extraordinary challenge with a no less extraordinary response: Emergency support from the U.S. Federal Reserve.
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OPEC tells EU it's not possible to replace potential Russian oil supply loss
Kate Abnett and Alex Lawler - Reuters
OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more.
European Union officials held talks in Vienna with representatives of the Organization of the Petroleum Exporting Countries amid calls for the group to increase output and as the EU considers potential sanctions on Russian oil.
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Earnings Season Poses Next Trial for Volatile Stock Market
Karen Langley - WSJ
Inflation is making winners and losers of the companies reporting earnings in the coming weeks.
High prices are fattening the winners' bottom linesâearnings expectations are sky-high for energy companies, for instance. The losers are saddled with higher costs that eat into their profits.
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U.S. Banks' Pandemic Hot Streak Is Coming to an End
Charley Grant - WSJ
What goes up must come down. That is likely to be the story of banks' first-quarter earnings.
A sense of normalcy has returned to Wall Street. Offices have once again filled up after two years of working from home. Bonanza profits driven by a white-hot market for deals are returning to earth.
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| | | | | | Exchanges | | | Cryptocurrency Oligopoly Imminent as Top Exchanges Grab 96% Market Share
Olga Kharif - Bloomberg
Top-tier crypto exchanges reached an all-time high market share this year as traders sought lower-risk venues amid broader market volatility, data compiled by tracker CryptoCompare show.
Crypto exchanges considered top level increased their market share to 96% in February from 89% in August, according to the tracker. These 78 exchanges, led by Coinbase Global Inc., Gemini Trust Co., Bitstamp Ltd. and Binance, have grabbed market share from peers that have struggled to maintain security and stability.
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CME Group Announces New Regional Leadership Structure to Strengthen Focus on International Business Growth and Facilitate Enhanced Service to Clients Outside the United States
CME Group
CME Group, the world's leading derivatives marketplace, today announced a new regional leadership structure to support its growing international business in Europe, Middle East and Africa (EMEA) and Asia Pacific. The new structure is designed to enhance the company's ability to provide local expertise and globally relevant products and services that meet the diverse risk management needs of its clients around the world. Reporting to Derek Sammann, Senior Managing Director, Global Head of Commodities, Options and International Markets and a member of the CME Group Management Team, the following executives have been appointed to new roles: Michel Everaert, has been named Managing Director and Head of EMEA, a new position based in London.
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| | | | | | Moves | | | Trading and Securities Veteran, JJ Kinahan, Joins tastytrade
Press Release
IG Group (LON: IGG), a global fintech at the forefront of online trading, today announced that Joe (JJ) Kinahan has been appointed to the newly created roles of Vice President and Chief Market Strategist of tastytrade, which is a key leadership position focused on accelerating the growth of the business by using his significant trading experience and market knowledge to identify and exploit new opportunities. JJ's role is effective as of April 11 and he will be Chicago, IL based.
/jlne.ws/3O7XF3t
| | | | | | Strategy | | | Oil Price Shock: How to Play the Market Volatility, Goldman
Alex Sebastian - Business Insider
The oil market has had a wild ride in 2022 so far, with the long run issues of climate change and OPEC's regular production shifts being dramatically added to by the conflict in Ukraine.
Even at the best of times, oil prices can fluctuate significantly due to the way in which the market intersects with geopolitics and international jostling for power, money and influence.
/jlne.ws/3vbQQVU
| | | | | | Education | | | How to Use the Fig Leaf Options Trading Strategy
Schaeffer's Investment Research
There are many options trading strategies that you can use to supplement your income. The Fig Leaf strategy is a method of using options to protect against losses. The unusual name name refers to the story of Adam and Eve, in which the two were able to hide from God by covering themselves with leaves from a fig tree.
While a trader can use the strategy for any investment, it's commonly used to protect against losses on stocks. You should use the fig leaf strategy because it helps reduce risk while still generating income from your investment portfolio. The covered calls provide income while protecting against downside risk with the short put spread. If the market moves higher or stays flat, you will earn money on both positions for a net profit.
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| | | | | | Miscellaneous | | | France's Election Shows That Every System Is Rigged In Its Own Way
John Authers - Bloomberg
With the first round over, and two weeks to go until the decisive runoff, investors seem to have calmed down a little about the French presidential election. On a day when bonds sold off the world over, the spread of French over German bond yields dropped right back to its level of a month ago, before the hard-right challenger Marine Le Pen surged in the polls. French stocks rebounded somewhat relative to the rest of Europe, after a torrid time:
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| | | Jeff Bergstrom
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