News 

Government concedes front line policing is ‘stretched’ amid calls for more bobbies on the beat

“Front line policing is “stretched” and forces need more investment, the Government has conceded amid calls for more bobbies on the beat” writes Karen Bradley for telegraph.co.uk. Nick Hurd, the Policing Minister, said reductions in police numbers were not linked to a recent increase in violent crime but admitted that “there’s no dispute about the pressure on the front line”.It came after Amber Rudd, the Home Secretary, yesterday warned police cuts were not to blame for rising crime and insisted forces have the officers and funding they need to tackle…

Read More
Markets News Oil Stocks 

Markets are stretched across the board — and one wrong step could set off a vicious chain reaction

“In a recent client note, the firm lamented “grotesquely swollen financial markets,” and highlighted the possibility of a “very strong dislocation.”” writes Joe Ciolli for businessinsider.com. In a recent client note, Binky Chadha, the firm’s chief global strategist, warned of possible asset contagion — a term frequently used to describe when shock to one market causes a negative chain reaction in others.A wide range of assets — from stocks to oil — are trading at extremely stretched levels, which can quickly turn into be a disastrous situation if their current…

Read More
Markets News Stocks 

BAML: Global markets are ‘starting to get a little stretched’ — here’s how we’re guarding against a downturn

“The S&P 500 is already up 6% this year, as investors continue to expect earnings growth, benefits from tax cuts, and a strong global economy” writes Akin Oyedele for businessinsider.com. Markets everywhere are “starting to get a little stretched,” according to Bank of America Merrill Lynch.For some perspective, Barty estimated that if the stock market continued to rally at this pace, the S&P 500 would top 7,000 by the end of the year. Source: businessinsider.com Share This:

Read More
Markets News Stocks 

A key metric shows the stock market is at ‘extreme’ levels that are the most stretched in 20 years

“In the near-term, be aware of extreme sentiment and overbought conditions,” Morgan Stanley chief US equity strategist Mike Wilson wrote in a recent client note” writes Joe Ciolli for businessinsider.com. That’s the logic behind a technical indicator called the “relative strength index,” which Morgan Stanley says is the most stretched it’s been in 20 years when it comes to the benchmark S&P 500.Rather, it’s an indicator that will coincide with — rather than cause — a correction once the market has fully topped. Source: businessinsider.com Share This:

Read More
Markets News 

These are the main market risks right now, renowned hedge fund manager says

“High credit, fierce competition and stretched valuations could be potential market destabilizers, a renowned former hedge fund manager said Thursday” writes Silvia Amaro for cnbc.com. The prolonged use of low interest rates increases people’s and businesses’ willingness to borrow more money because their costs are lower.At the same time, the investment climate is more difficult at the moment due to more market competition and stretched valuations, Ruddock said.Central banks embarked on a low interest rate policy in the wake of the 2008 financial crisis and have just recently started reversing…

Read More
Markets News Stocks 

Making sense of an extremely expensive stock market

“Business Insider CEO Henry Blodget discusses the stock market’s ascent to yet another set of new highs, and drills down on high valuations” writes Kara Chin for businessinsider.com. Silverstein walks through the Fidelity Chart of the Week, which shows that stock market breadth is the lowest since the election, which could be a signal of weakness.Silverstein responds by noting that being two years early in calling a market top makes you wrong. Source: businessinsider.com Share This:

Read More
News 

Military stretched thin by hurricane relief efforts…

“Diana Holland, gave reporters an update on the rescue and recovery efforts following Hurricane Maria’s battering of Puerto Rico” reports thehill.com. Military personnel have already been working non-stop to respond to various parts of the United States devastated by a series of storms since August.The Pentagon is taking steps to prevent burnout among military personnel working rescue and recovery missions following a string of devastating hurricanes. Source: thehill.com Share This:

Read More
News 

Sell Johnson & Johnson because of its ‘stretched’ valuation: Goldman

“We are fully confident in our strategy to drive growth and to continue to create shareholder value in the near and long-term,” said Ernie Knewitz, spokesman for Johnson & Johnson, in response to a request for comment” writes unknown author for cnbc.com. The firm on Wednesday lowered its rating for the company to sell from neutral, predicting the drugmaker’s earnings growth will lag its peers during the next five years.Rubin increased her price target for the company to $130 from $125, representing 4 percent downside from Tuesday’s close. Source: cnbc.com Share…

Read More
Markets News 

Here’s a sign investors are viewing earnings through rose-tinted glasses

“So far, more than 70% of firms that have reported beat earnings or sales expectations, according to FactSet” writes Anora Mahmudova for marketwatch.com. S&P 500 SPX, -0.11%  companies are on track to report 7.2% earnings and 5% revenue growth for the second quarter.While the main indexes trade near records, investors haven’t been rewarding stocks of companies that beat estimates.While second-quarter earnings season is off to a great start, investors might be overlooking signs of potential trouble ahead, according to Bank of America Merrill Lynch analysts.So, it appears the rest of…

Read More
News 

Police missing terrorist tip-offs because of cuts, says former Met chief

“A former Metropolitan police commissioner has waded into the political row about the impact of austerity by warning that potential terrorist tip-offs are being missed because of cuts in police numbers” writes John Crace for theguardian.com. He said: “Counter-terrorism funding is ringfenced but cuts to the general policing budget [have] impacted on neighbourhood policing teams in many parts of the country including London. Source: theguardian.com Share This:

Read More