The Traderszone Network

CalPERS is reportedly in talks to outsource its private equity business to BlackRock, a source said.

Spain’s constitutional court on Thursday moved to block Catalonia from holding a referendum on separating from Spain, prompting vows from regional officials to push ahead with the vote in defiance of the ruling.
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A Japanese government official commenting
In response to the Q2 GDP data just out:   J
apan – Q2 GDP, final: 0.6% q/q (expected 0.7%)
And specifically to the capex component:

…

(hehe, I had a t-shirt with that graphic many moons ago. Wish I knew where it was, I’d wear it proudly!)

We could be seeing the final squiggle up;
Or a swift drop:

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New York Fed President William Dudley on Thursday renewed his support for gradual interest-rate hikes, a sign he is willing to tighten policy again this year.
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Financial markets are increasingly being dominated by quantitative and passive traders (even as quant forms have underperformed this year).

We highlighted this dichotomy earlier this year in a post titled “Quants Dominate The Market; Unexpectedly They Are Also Badly Underperforming It:”

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