UK voters decide to leave the European Union–What’s next (Part I: in the short run)?
In the short term volatility itself will bring more selling as computerized trend-following strategies designed to limit risk create more selling. When the price trend turns negative–as it has today after four previous days had left the S&P ahead by about 2%–these strategies say sell in order to keep up with index volatility and to limit the size of future losses
What’s the upside/downside for U.S. oil shale plays? The Continental Resources scenario
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Odds of a UK exit from the European Union fall but the Fed adds anxiety to the market on U.S. economy
Just as British bookmakers are soothing some financial market angst over the results of Thursday’s Brexit vote, Federal Reserve chair Janet Yellen is turning up the anxiety meter. Basically what Yellen said today is that the Fed is on watch to see whether the U.S. economy will show signs of improvement in growth. That’s a significant shift from last week when Yellen talked about watching to see when the economy showed signs of improvement.

Dollar continues to drop, gives oil prices respite
The U.S. dollar is down for the third straight day and that has given oil prices a chance to recover after six straight declines. The dollar, as measured against the basket of currencies in the Bloomberg Dollar Spot Index, was down 0.42% today, as of 1:30 p.m. New York time Oil, on the other hand, has rallied today with the U.S. benchmark West Texas Intermediate up 2.75% to $47.48 a barrel

Morgan Stanley says No again to China on emerging markets index inclusion
Wait until next year. Again. Morgan Stanley Capital International, the keeper of the MSCI Emerging Markets index, yesterday decided that it wasn’t time yet to include China’s Shanghai and Shenzhen markets in the stock index. This marks a third “No” from Morgan Stanley’s index keepers