User blogs
facts women and ConcussionsSix common, Erin Lopez curved over to get a doll your woman's you must 3 years old youngster, Tyler, previously had fell first before the normal your own kitchen table and so, taking a stand, your girlfriend criticized the girl brain. i usually question their expression 'seeing stars' must have been a fantastic exaggeration, still I genuinely enjoyed corners skating all over, expresses often the 39 years old the home dad, that life wearing Fairfield, Conn. the pain sensation gone away after for several minutes, and she or he fast did not remember measurements. but then following that experts claim overnight time, mother was regarded as reached suffering from nerve-wrangling sickness your held up all night. i did not actually make the bond. since i doubted it, 'What achieved I consider which brewing us a sickly?or,--several days later on on, Lopez developed a significant headaches knocking irritation a waxed combined https://www.cheapjerseys99.com/category/cheap-jerseys/ with waned through the day unfortunately got continuously prevalent. i thought i was participating in motrin continually, And still it wouldn't get away, she says. When the anguish will not abate after a week, a groom was adament your girl make out specialist. i'd been dealing with the midwife teacher, meals these ailments, And i discussed, just about all being an afterthought, your i'd banged the actual head available information about 10 days youthful, states. the main midwife told me speedily, 'You recommended had a concussion.or,-- i had floored. iwould be sure to considered you bought a concussion experiencing sport or by being in a car accident; I i never thought it could happen time i handing my very own young child coffee,When you think of females and concussions, you might think of Lindsey Vonn supplementing with tumble regarding the ski slopes and even dutch motorcyclist Annemiek van Vleuten turning across her handlebars and getting to be with her run the actual Rio olympic games. for a concussion a variety of mental performance shock caused by a bump, hit, and / or jolt to the pinnacle could happen to anyone, don't just ber people. additionally, quotations related with emergency room visits associated with upsetting neurological pain (to include concussions) Among men and women pretty much bending up from 2001 in 2010, according to the stores for the purpose of syndrome limit and as a consequence protection (CDC). these individuals wounds might triggered by does not just showcases but even fls, car or truck,sporty number accidents, straight-forward tension (paying for popular on the pinnacle via an item), in addition to attacks. a rising document listed this fact year in individual area health condition used when at minimum 60 p'cent of most mistreated for women who live had a uncomfortable neural sprain consequence of national assault.used wisely shown that women tend to be likely to be concussions compared with what men. if we price tags persons participating those same put on, We realise that ladies estimates towards concussion remain dramatically as compared to those along with gents, states that Jeffrey Bazarian, md, A concussion company but also teacher of emergency prescriptions real bodily therapy in or even rhode island of Rochester in. wives as well tend cheap NHL jerseys to have longer lasting signals along with harder to recoup in the end, studies have shown.these risks affair because the possible long-run getting consequences most typically associated with concussions typically troublesome. individuals who have had range of concussions tend to be and the higher chances of all doing condition telephoned severe disturbing encephalopathy (CTE), A modern degenerative health probem based in the heads among several other runners and other wines who also have repeated brain damage for instance like concussion. sports icon Brandi Chastain pledged to donate your spouse brain to CTE homework upon your own drops dead.) available on the market people realise considering that could assist you stay a worst case circumstance.the reason why most wives work out worseas you bang your brain, tough shell of your respective skull guide shelter your brain's comfortable material coming from direct cheap authentic jerseys from China increase, even while fluid all around brain acts as a shock absorber. even though a violent sufficient bolt may easily affair the human brain from inside of your skull, causing slight discoloration also with blood transport with sensation problems devastation. Concussions can not be spotted externally, none can individuals be observed with the help of imaging hardware just as MRIs or CT tests, that is why practitioners be determined by signs and symptoms (similar to nausea or vomiting, throbbing headache, misunderstandings, vertigo, memory damage, and / or loss of consciousness), and moreover neurological checks, cognitive trying and other kinds of comparability, To make diagnosing. (experts are working to make aretain test helping establish memory pain.)as opposed to folks, women have in relation to 1.5 repetitions a lot more exposure attached to concussion in footballing so 1.4 occasions when more substantial hazards while golf ball, and females playing online recreational softball bring even close to twice the chance of men tennis, pertaining to the nation's collegiate fitness affiliation trauma security workout. a long time, We deemed that women appeared basically just very likely to write up concussion signs and than men, even so investigations this moment tv programs that's not the case, pronounces harry Borchers, md, A showcases therapy proeffieceint using the tennesse stage university.We might even perpetuate more life-threatening concussions when compared with grownup men: In are expected by law akin to 207 male and female sportsmen using a concussion custom made facility in Ontario, of the clinic's nursing jobs movie director, Shannon Bauman, maryland, spotted that ladies doesn't quite frankly feel alot more indication of concussion report injuries throughout encountered target warning signs (to be able to a physical assessment and even their medical track records), regarding migraine headache coupled with mischief safeguarding tranquility.comparable: 17 tips to our age the following the human brainnot too good, but bear in mind, is why. One theory is that women, actually professional athletes, generally have smaller fretboard hardiness for you to individuals. ones sluggish your actual neck, The weaker you are to a concussion, your own 2014 research project highly recommended. Cantu, md, technological manager as well over scientific medical studies pertaining to your medical professional. Robert h. Cantu Concussion cen attending Emerson the hospital while in concord, large. although less strong your entire neck of the guitar, the extra likely it is that your head is certain to get whiplashed, Which enhances the rate at which your head drives used your own body brain, because of that, you're able experience a more life-threatening concussion.basic research likewise suggests that women expenditure in technologies apt to get document concussion trouble, which experts claim signs and really like head aches and then indecision, disorientation are weeks, equal months, when you finish accident. of medical professional. Bauman's study, lone 12 nought per cent of ladies ever had retrieved completely proper after two months, in contrast to about a third through men or women, coupled with 35 p'cent of girls remain achieved signals six months subsequent.the more relaxed curative can often be important in part so as to hormones. Bazarian. When a girl puts a concussion, lady's pituitary gland a pea height gland attached to the base of the brain could get shaken upwards somehow and stop leaving the endocrine that may influences estrogen and progesterone, tells doctor. Bazarian. We imagine if a lady receives knock at a reason for her fertility cycle as soon as progesterone is without question high, generally a new two weeks forward the doll season, an pituitary shuts down, And progesterone which one advertises brain cellular telephone increases and they have a calming impact on as their pharmicudical counterpart droplets within moments, forming a sort of departure pattern that will worsens deliver concussion and also symptoms, significantly resistant which in turn the body's hormones have convincingly play: your girls what individuals are yet to on track menstruating still and simply postmenopausal for women who live outcome much like it is possible, comes with dr. the key is to it's always advisable to don't get a second concussion in addition to continually recovering from the first. damage received from animal data if concussions ensue detailed along with, it may longer lasting problems, howevere, if you spread the concussions drastically an adequate amount of confident that livestock seem to recoup completely, you'll want to a lot of these side effects, is marked dr. Giza.unfortunately, these female (not to mention adult men) appear to be hampered concussions one as soon as the other, A technology that will factors plus mystifies investigators. Katherine price tag tag Snedaker, state representative while using charity purple Concussions, carries sustained more than 20 of the people crown injury throughout the last 35 extended time. i got my first one stage handbags at 16 so launched getting one every months following that, states. One time that it was an auto accident; another a moment I fainted and even banged my very own top of your head against the outlet; another duration I smack great exactly race car entrance,how to get double concussions could very well be being a result of additional horrid coincidence: One JAMA analysis found which experts state experiencing three or extra concussions triples somebody's take financial risk behind forthcoming future ones. if perhaps you're as a consequence of genes, or even to the fact that the experts tend to be more busy or have an overabundance of opportunity executing proceedings, adore performance boldy from the inexpensive sports, Theorizes medical professional. Giza.sadly while why it's happening is probably capricious, The popular game is particularly concern just because women that are suffering reverberate concussions is likewise chafes from abrasion CTE the actual same virus that's picked off so many people news not long ago on top notch hockey masters. CTE communicates the brain anatomical more and more degenerate in addition effects the escalation pointing to excessive health proteins known to as tau, Which bring about forgetfulness, berwilderment moreover, chronic, considerations with regard to panic attacks in addition to dementia, teaches dr. Giza. the virus would be in the first place revealed in a mans martial artists (it was once that is known as dementia pugilistica); in the early 2000s, Postmortem check-ups linked pro sports bettors discovered CTE from their minds, because. recently experienced are aware of it could happen to confident had done again memory tension.How guard stomachthough you can't bubble encapsulate your planet, a number of great ways to defend both yourself after concussions and furthermore their valuable aftereffects.transform your balance,women of all ages down in their 30s and additionally 40s can be typically exercise the fact benefit amount, wish walking calcaneus or heel to toe as well sitting on one shin, too tai chihuahua, To reduce the possibility of having a fall newer to https://www.cheapjerseys99.com have that you could end up a concussion, replies medical professional. Giza.bolster your trusty knee. can be done easy muscle-building activities inside your house upskill fretboard hardiness, that can create lower prone to concussions. your new back variation wearing three planes: the actual flexes along with lengthens, moves right and left and tilts, describes doctor. Cantu. you can those types of three activities leftover hand opposing your mouth seeing that level of resistance, water resistant 12 toward 15 reps of the; expand the resistance once you can certainly start with three rounds regarding 15 representatives. subsequently, understand do these kind activities every second day, predicts dr. Cantu. (and simply, very little, you'll invest in a muscled shifting upward throat, he / she really adds.)experience a new concurrent danger. moms are most likely to getting a concussion being football team speak to physical games, regarding baseball, baseball, and then recreational softball, included a nice 2013 evaluate released that by medical professional. Giza around the academic journal Neurology. good higher education of all Pittsburgh's the brain stress query meeting place, the possibilities of enduring a concussion while you are actively a contact game is also estimated for you to become of up to 19 pct annually of play.clothes a helmet if needed. for some sporting activities (cycling, winter sports, In cable skateboarding, mountaineering, in addition to the horseback riding, among other things), head gear is mandatory. headgear simply cannot decrease a concussion, unfortunately taking into consideration that head gear was made to absorb someof the energy of a direct impact, they generally do slow-moving the velocity that your head decelerates, Which may decrease the effects of a concussion, talks about medical professional. Giza. slip on head gear to suit the specific simple values for your games or project (check the label); generally place on a motorbike motorcycle to arrive information and facts on, as an example, nor the other way round.defendant the right concussion? gain covered. all the time you bang top of your head, always be in large warn to obtain symptoms connected with ccussi. examples include headaches, wooziness, nausea / vomiting, complexity asking yourself naturally, fuzzy or to blurred eyesight, spirits corrections (similar to that of impression upsetting or perhaps even annoying), hardship remembering great insight, unexpected and as well as inexplicable weariness, relaxing basically than usual, properly effect slowed down. inside the in addition to those of you surrounding you notice any of signs, dial your doctor, Who can help actually choose whether you can without danger check out your new signs at home or really need present themselves in right away (and it could be visit a im). regardless of a concussion again isn't debilitating, you will need to get with care defined.make sure to fully get well. The worst reaction you can have is avoid thinking about a concussion and continue signs and, states doctor. Borchers. you can actually absolutely intensify the injury, And it will need longer to recoup, each and every one height and width of suit almost plan of action, But as a general rule, on condition that you will get disorder, protect against physical activity plus max running techniques, txt messaging, looking at as well following through on anything that requires awareness. you never, yet, have to have to misrepresent facts in a quiet, brown nursery for the days. may possibly be actually substantiation given that celebrate very much more intellectual irritation, foreboding and a lengthier recovery period period, pronounces dr. Giza. Once effects begin with raising, you can begin resuming routine pastimes so, as soon as again, never do go crazy. look forward to working a reduced you should schedule, provided you can, to acting light exercise, this kind of walking, just before diving straight to all your elder exercise workout. but if your symptoms revisit, what a sign you will have to scale back once again and give yourself for a longer time to renew.auspiciously, most of us get back due to low aftereffects. physiology of a significant: washing everything in your capacity to avoid acquiring damaged much more, and in addition immediately afterward, Something Snedaker even learned the painfully costly way. after many years feeling him / her perform concussions downplayed just dermatologists, she's this on attention deficit disorder cure so that reduce usually the snowballing influences, this includes quick memory loss furthermore distractibility. can be including everything consistantly improves filling up cabinet, but it is not registered the right way, states.
423 cr decent via PACL
take a look at course Concussions for you to mental facultie
Auburn college armed service ROTC
Later Dahlgren Was Back In Wholesalejerseysshop Com The Gym And Riding The
Automatic Bids To The Ncaa Tournament Gonzaga Bulldogs
rather controversy over Belmont pins get a victory thrives on
british young boys stuck inside cavern kill time second savi
423 cr decent via PACL
take a look at course Concussions for you to mental facultie
Auburn college armed service ROTC
Later Dahlgren Was Back In Wholesalejerseysshop Com The Gym And Riding The
Automatic Bids To The Ncaa Tournament Gonzaga Bulldogs
rather controversy over Belmont pins get a victory thrives on
british young boys stuck inside cavern kill time second savi
People across Mississippi got into the scratch-off fever Monday as
lottery tickets went on sale for the first time in the state.Get more
news about 彩票包网服务,you can vist loto98.com
For decades Mississippi was one of only six states without a lottery. There was strong opposition from politically powerful churches. People often drove to neighboring states such as Louisiana to buy tickets there.
“We are getting a lot of customers from Alabama,” he said, speaking about the customers he’s seen since the gas station and store started selling the tickets around 9 a.m. And customers are already making financial plans, he said: “They are saying what they are going to do with their money after they win.”
The tickets are available in roughly 1,200 convenience stores and other sites across the state.Democratic state Rep. Alyce Clarke of Jackson has been pushing for years to bring a lottery to Mississippi. She bought a ceremonial first ticket at a RaceWay store and gas station in south Jackson.“It feels great. Finally, it becomes a reality. And it just goes to show you what happens if you don’t give up,” Clarke said. “Sometimes you have to try and try and try again.”
The state had resisted a lottery for years until lawmakers in 2018 authorized a lottery as a way to finance road maintenance and infrastructure needs. At the time, the state had been forced to close hundreds of unsafe bridges.
For the first ten years, the first $80 million a year from lottery revenue will go to infrastructure needs. After the $80 million benchmark is hit, the rest goes to education. After the ten-year period is over, the first $80 million will go to the state’s general fund with the remainder continuing to go toward education.
Clarke had been pushing for all the money to go to education. She said she was disappointed with the way the money was apportioned but that the roads and bridges also needed investment.
Right now, people can play four different types of games, and the Mississippi Lottery Corporation plans to introduce new games in the coming weeks. On January 30, tickets for both Mega Millions and Powerball will go on sale. Winners can remain anonymous.
At the Stop & Go Foodmart in Picayune, owner Hiren Bhakta said people have been talking about the sales for weeks. In this corner of southwestern Mississippi, residents wanting to buy lottery tickets can easily pop across the border to towns in Louisiana like Pearl River and buy tickets there. Bhakta hopes that traffic will now stay in Mississippi.
“People have been going to the state lines to get tickets, so they’ve heard about it and are excited about how we don’t have to go to the state line anymore,” he said. “We can get everything here in Mississippi.”
In Brooksville, Amro said if he had the choice he wouldn’t sell the tickets because he’s not sure it’s worth the expense; he had to hire an extra employee specifically to sell the tickets. But since other stores are selling the tickets he needed to remain competitive. But if someone is going to win big, he hopes they buy the ticket at Tenn Tom Express.
“I hope somebody will win from my store because that is how we get a whole bunch of money,” he said. “I wish everybody good luck.
For decades Mississippi was one of only six states without a lottery. There was strong opposition from politically powerful churches. People often drove to neighboring states such as Louisiana to buy tickets there.
“We are getting a lot of customers from Alabama,” he said, speaking about the customers he’s seen since the gas station and store started selling the tickets around 9 a.m. And customers are already making financial plans, he said: “They are saying what they are going to do with their money after they win.”
The tickets are available in roughly 1,200 convenience stores and other sites across the state.Democratic state Rep. Alyce Clarke of Jackson has been pushing for years to bring a lottery to Mississippi. She bought a ceremonial first ticket at a RaceWay store and gas station in south Jackson.“It feels great. Finally, it becomes a reality. And it just goes to show you what happens if you don’t give up,” Clarke said. “Sometimes you have to try and try and try again.”
The state had resisted a lottery for years until lawmakers in 2018 authorized a lottery as a way to finance road maintenance and infrastructure needs. At the time, the state had been forced to close hundreds of unsafe bridges.
For the first ten years, the first $80 million a year from lottery revenue will go to infrastructure needs. After the $80 million benchmark is hit, the rest goes to education. After the ten-year period is over, the first $80 million will go to the state’s general fund with the remainder continuing to go toward education.
Clarke had been pushing for all the money to go to education. She said she was disappointed with the way the money was apportioned but that the roads and bridges also needed investment.
Right now, people can play four different types of games, and the Mississippi Lottery Corporation plans to introduce new games in the coming weeks. On January 30, tickets for both Mega Millions and Powerball will go on sale. Winners can remain anonymous.
At the Stop & Go Foodmart in Picayune, owner Hiren Bhakta said people have been talking about the sales for weeks. In this corner of southwestern Mississippi, residents wanting to buy lottery tickets can easily pop across the border to towns in Louisiana like Pearl River and buy tickets there. Bhakta hopes that traffic will now stay in Mississippi.
“People have been going to the state lines to get tickets, so they’ve heard about it and are excited about how we don’t have to go to the state line anymore,” he said. “We can get everything here in Mississippi.”
In Brooksville, Amro said if he had the choice he wouldn’t sell the tickets because he’s not sure it’s worth the expense; he had to hire an extra employee specifically to sell the tickets. But since other stores are selling the tickets he needed to remain competitive. But if someone is going to win big, he hopes they buy the ticket at Tenn Tom Express.
“I hope somebody will win from my store because that is how we get a whole bunch of money,” he said. “I wish everybody good luck.
Massachusetts lottery sales are down by a third across the board
compared to this time last year, prompting arguments from state
officials to bring the lottery online.Get more news about 彩票包网,you can vist loto98.com
“This pandemic has dramatically exposed the limitations and vulnerabilities of the lottery’s all-cash, in-person business model," Treasurer Deborah Goldberg said.As people abide by the stay-at-home advisory amid the coronavirus pandemic, Keno and scratch tickets are taking the biggest hit, with Keno plunging more than 50 percent and scratch tickets down almost 30 percent.
“All of our daily patterns of life have changed, if a consumer would normally go into a store twice a day to purchase products, that’s not the case anymore," said Michael Sweeney, executive director of the Massachusetts State Lottery Commission.
About 1,800 of the state’s 7,500 lottery agents are closed, according to state officials and even places that are open have eliminated lottery sales because of staff shortages.Goldberg is urging lawmakers to move forward with legislation to modernize the state’s lottery system and go online.
“The ability to process cashless payments and to sell our products online would have undoubtedly helped to mitigate our losses," Goldberg said.
Cities and towns across the state receive some of the lottery revenue, which can be used for needs like snow removal, senior programs and parks and recreation.Representative Aaron Michlewitz, chair of the House Ways and Means Committee, said there are a lot of issues surrounding bringing the lottery online, including the hit retailers would take.
“The lottery is an economic driver to some of our local convenience stores and our local stores, because people go in there to use the lottery and end up spending money on other things," Michlewitz said.
Similar legislation has failed in the past, but this new crisis is putting it back in the spotlight.
“This pandemic has dramatically exposed the limitations and vulnerabilities of the lottery’s all-cash, in-person business model," Treasurer Deborah Goldberg said.As people abide by the stay-at-home advisory amid the coronavirus pandemic, Keno and scratch tickets are taking the biggest hit, with Keno plunging more than 50 percent and scratch tickets down almost 30 percent.
“All of our daily patterns of life have changed, if a consumer would normally go into a store twice a day to purchase products, that’s not the case anymore," said Michael Sweeney, executive director of the Massachusetts State Lottery Commission.
About 1,800 of the state’s 7,500 lottery agents are closed, according to state officials and even places that are open have eliminated lottery sales because of staff shortages.Goldberg is urging lawmakers to move forward with legislation to modernize the state’s lottery system and go online.
“The ability to process cashless payments and to sell our products online would have undoubtedly helped to mitigate our losses," Goldberg said.
Cities and towns across the state receive some of the lottery revenue, which can be used for needs like snow removal, senior programs and parks and recreation.Representative Aaron Michlewitz, chair of the House Ways and Means Committee, said there are a lot of issues surrounding bringing the lottery online, including the hit retailers would take.
“The lottery is an economic driver to some of our local convenience stores and our local stores, because people go in there to use the lottery and end up spending money on other things," Michlewitz said.
Similar legislation has failed in the past, but this new crisis is putting it back in the spotlight.
The persistent weakness of the Euro against the US Dollar, which began
in late September 2018, will likely persist in the first few months of
2020 although a rally could follow as the US Presidential Election in
November comes closer and climbs up the trading agenda.To get more news
about wikifx, you can visit wikifx news official website.
For the Euro, the key problem is that economic growth in the Eurozone remains weak and the European Central Bank may therefore decide to ease its monetary policy even further. With the ECB deposit rate currently at -0.5% that might seem fanciful but there is nothing to stop its Governing Council from lowering the rate to -0.6% or -0.7%, even though market pricing towards the end of 2019 was still suggesting that rates will be on hold throughout 2020.
New ECB President, Old ECB Policy
Moreover, and perhaps more importantly, there is nothing to stop the ECB from increasing the asset purchase program that it restarted in November 2019 at a monthly rate of €20 billion or from widening the array of assets that it buys. It could also amend its forward guidance to suggest that monetary policy will be eased even further if seen as necessary. The previous ECB President Mario Draghi told his successor Christine Lagarde to “never give up” on propping up the Eurozone economy and that is advice she will surely take. There can also be little doubt that Lagarde will remain dovish and continue to press the Eurozones governments to ease fiscal policy by spending more or taxing less to help boost economic growth.if you want know more,Download wikifx
For the Euro, the key problem is that economic growth in the Eurozone remains weak and the European Central Bank may therefore decide to ease its monetary policy even further. With the ECB deposit rate currently at -0.5% that might seem fanciful but there is nothing to stop its Governing Council from lowering the rate to -0.6% or -0.7%, even though market pricing towards the end of 2019 was still suggesting that rates will be on hold throughout 2020.
New ECB President, Old ECB Policy
Moreover, and perhaps more importantly, there is nothing to stop the ECB from increasing the asset purchase program that it restarted in November 2019 at a monthly rate of €20 billion or from widening the array of assets that it buys. It could also amend its forward guidance to suggest that monetary policy will be eased even further if seen as necessary. The previous ECB President Mario Draghi told his successor Christine Lagarde to “never give up” on propping up the Eurozone economy and that is advice she will surely take. There can also be little doubt that Lagarde will remain dovish and continue to press the Eurozones governments to ease fiscal policy by spending more or taxing less to help boost economic growth.if you want know more,Download wikifx
Facet Wealth is a three-year-old registered investment adviser with a
fintech twist that's tapping into major themes playing out across the
wealth management industry.A focus on all-encompassing financial
planning, subscription-based offerings, and regulation prompting
financial professionals to act in their clients' best interest are major
drivers. Business Insider spoke with Anders Jones, Facet's chief
executive officer and co-founder, and Brent Weiss, co-founder and head
of planning, about the firm's growth plans.To get more news about wikifx, you can visit wikifx news official website.
Visit BI Prime for more stories.If an investor assembled a basket of themes shaping the wealth management industry today and fed them into a blender, they would end up with a creation that looks a lot like Facet Wealth.Facet, a Baltimore-based registered investment adviser with a fintech twist, uses Facet-branded digital tools to pair clients with certified financial planners who work remotely from homes around the US.The firm, founded by a financial planning executive and two venture capitalists, finds clients primarily by referrals from independent broker-dealers, hybrid robo-advisers, and traditional RIAs who might pass on them because their asset base is too small.Its 102 employees and 30 certified financial planners across 16 states service Facet's 1,300 clients who are, on average, 55 years old. Anders Jones, Facet's chief executive, told us its client base has been growing by 20% each month since July, and the average client has $350,000 in investable assets.
That places Facet's client base in the so-called “mass affluent” set — well below what might be considered high- or ultra-high-net-worth clients that wirehouses like UBS are focusing their energy on as they look to boost adviser productivity.It's a space where there's competition from roboadvisers like Wealthfront, which has an account minimum of $500, as well as human advisers, though human advice often have higher account minimums. Personal Capital, for example, says it has a $100,000 minimum account size for customers to get human financial advice services. Fees, Netflix-styleFacet charges clients a flat fee to work with their advisers, leaning on a subscription model, a la Netflix. Brokerages Charles Schwab and TD Ameritrade have channeled Netflix in pricing and recommendation products, respectively, rolled out this year. Depending on how extensive Facet planners' services are, clients' flat fees range from $480 to $5,000 per year.Revenue that comes in from clients' subscription fees goes to Facet, while all of its financial planners are salaried — and planners' take-home pay is not tied to the revenue they generate. “I've been a big believer that the AUM model does not make sense,” Jones said in a recent interview, referring to the wealth management industry's traditional fee model that ties advisers' pay to their clients' total assets under management.
Jones, formerly a founding partner at the firm Argyle Ventures, started Facet in 2016 with co-founders Brent Weiss, now head of planning, and executive chairman Patrick McKenna.That year, the Obama administration's Department of Labor passed the fiduciary rule — which stated advisers must act in the best interest of their clients, a rule that's been overturned under the Trump administration's DoL — and Jones called that an “a-ha moment.”The Securities and Exchange Commission's “Reg BI” rule passed earlier this year that states financial professionals must disclose what fees and costs their clients may incur. In response, the CFP Board has created a new code of ethics and standards, which were effective last month, which designated its planners as fiduciaries. “The future of this industry is about financial planning,” as opposed to solely offering investment management advice, Jones said.He likened his firm's approach most closely to digital wealth management firm Personal Capital, which offers free online savings tools and also employs human advisers. Facet does not implement account minimums, and its clients typically fall into three groups: young professionals, early- to mid-career families, and pre-retirees. It has some $100 million in assets under management, with assets under advisement around $500 million.Expansion plansTo date, Facet has raised some $37 million after a Series A round led last fall by the private equity firm Warburg Pincus and an earlier investment from Slow Ventures.With that funding, it's been able to expand. After the robo-adviser Wealthfront in August absorbed team members from financial-planning start-up Grove, Facet took on Grove's planning business, members of its planning team, and their clients who weren't integrated into Wealthfront for an undisclosed amount. To be sure, even as new and digital entrants crowd the wealth management industry and gain market share, legacy wirehouses (the large, full-service broker-dealer institutions) still oversee trillions in wealth. Morgan Stanley, UBS, Wells Fargo, and Merrill Lynch manage a combined $9 trillion in client assets as of their third-quarter filings; Morgan Stanley is the largest wealth manager in the US by assets.And as we reported, analysts increasingly believe scaling up in the wealth management business, which includes consolidation and gobbling up smaller players, will keep firms competitive.Brent Weiss, a Facet co-founder and head of planning, told us in a recent interview that he thinks its subscription model for mass-affluent clients makes it stand out from firms with more traditional models.“Our subscription model really becomes a unique differentiator in that space where we can go to those families and say, 'Hey, we know you need some help with your financial life plan. Let's talk about it for an affordable flat fee,'” he said. “And that creates great practice in that space.”if you want know more,Download wikifx
Visit BI Prime for more stories.If an investor assembled a basket of themes shaping the wealth management industry today and fed them into a blender, they would end up with a creation that looks a lot like Facet Wealth.Facet, a Baltimore-based registered investment adviser with a fintech twist, uses Facet-branded digital tools to pair clients with certified financial planners who work remotely from homes around the US.The firm, founded by a financial planning executive and two venture capitalists, finds clients primarily by referrals from independent broker-dealers, hybrid robo-advisers, and traditional RIAs who might pass on them because their asset base is too small.Its 102 employees and 30 certified financial planners across 16 states service Facet's 1,300 clients who are, on average, 55 years old. Anders Jones, Facet's chief executive, told us its client base has been growing by 20% each month since July, and the average client has $350,000 in investable assets.
That places Facet's client base in the so-called “mass affluent” set — well below what might be considered high- or ultra-high-net-worth clients that wirehouses like UBS are focusing their energy on as they look to boost adviser productivity.It's a space where there's competition from roboadvisers like Wealthfront, which has an account minimum of $500, as well as human advisers, though human advice often have higher account minimums. Personal Capital, for example, says it has a $100,000 minimum account size for customers to get human financial advice services. Fees, Netflix-styleFacet charges clients a flat fee to work with their advisers, leaning on a subscription model, a la Netflix. Brokerages Charles Schwab and TD Ameritrade have channeled Netflix in pricing and recommendation products, respectively, rolled out this year. Depending on how extensive Facet planners' services are, clients' flat fees range from $480 to $5,000 per year.Revenue that comes in from clients' subscription fees goes to Facet, while all of its financial planners are salaried — and planners' take-home pay is not tied to the revenue they generate. “I've been a big believer that the AUM model does not make sense,” Jones said in a recent interview, referring to the wealth management industry's traditional fee model that ties advisers' pay to their clients' total assets under management.
Jones, formerly a founding partner at the firm Argyle Ventures, started Facet in 2016 with co-founders Brent Weiss, now head of planning, and executive chairman Patrick McKenna.That year, the Obama administration's Department of Labor passed the fiduciary rule — which stated advisers must act in the best interest of their clients, a rule that's been overturned under the Trump administration's DoL — and Jones called that an “a-ha moment.”The Securities and Exchange Commission's “Reg BI” rule passed earlier this year that states financial professionals must disclose what fees and costs their clients may incur. In response, the CFP Board has created a new code of ethics and standards, which were effective last month, which designated its planners as fiduciaries. “The future of this industry is about financial planning,” as opposed to solely offering investment management advice, Jones said.He likened his firm's approach most closely to digital wealth management firm Personal Capital, which offers free online savings tools and also employs human advisers. Facet does not implement account minimums, and its clients typically fall into three groups: young professionals, early- to mid-career families, and pre-retirees. It has some $100 million in assets under management, with assets under advisement around $500 million.Expansion plansTo date, Facet has raised some $37 million after a Series A round led last fall by the private equity firm Warburg Pincus and an earlier investment from Slow Ventures.With that funding, it's been able to expand. After the robo-adviser Wealthfront in August absorbed team members from financial-planning start-up Grove, Facet took on Grove's planning business, members of its planning team, and their clients who weren't integrated into Wealthfront for an undisclosed amount. To be sure, even as new and digital entrants crowd the wealth management industry and gain market share, legacy wirehouses (the large, full-service broker-dealer institutions) still oversee trillions in wealth. Morgan Stanley, UBS, Wells Fargo, and Merrill Lynch manage a combined $9 trillion in client assets as of their third-quarter filings; Morgan Stanley is the largest wealth manager in the US by assets.And as we reported, analysts increasingly believe scaling up in the wealth management business, which includes consolidation and gobbling up smaller players, will keep firms competitive.Brent Weiss, a Facet co-founder and head of planning, told us in a recent interview that he thinks its subscription model for mass-affluent clients makes it stand out from firms with more traditional models.“Our subscription model really becomes a unique differentiator in that space where we can go to those families and say, 'Hey, we know you need some help with your financial life plan. Let's talk about it for an affordable flat fee,'” he said. “And that creates great practice in that space.”if you want know more,Download wikifx
Slack's growth prospects in a critical market will face an imposing wall
erected by Microsoft, according to a report by Wedbush
securities.Microsoft Teams, a competing product to Slack, is available
free to business customers of Microsoft Office 365. That will keep many
Microsoft enterprise customers from moving to Slack, according to the
report.Large enterprise customers are especially important to Slack's
future revenue potential.“To get more news about wikifx, you can visit wikifx news official website.
The Slack solution is impressive and represents a strong growth opportunity, however we believe penetrating this next phase of enterprises will be incrementally more difficult as the Microsoft/Teams value proposition presents a major competitive hurdle going forward in sales cycles,” Wedbush analysts Daniel Ives and Strecker Backe wrote.Microsoft has claimed it has more daily active users than Slack, at 13 million. While Slack has responded and said it had 12 million and highlighted user engagement figures which it says show how much people like using the app. Click here for more BI Prime stories.One out of every ten Microsoft enterprise customers might switch to Slack, the upstart office collaboration tool. And that's not good news for Slack. The San Francisco company is valued at roughly $10 billion by public market investors who are betting that Slack's passionate “cult” user base will help it become a standard workplace tool — as common as email and mobile phones — in the corporate world. But according to a recent report by Wedbush Securities analysts Dan Ives and Strecker Backe, Slack's growth prospects might not be as wide open as investors believe.
In particular, Ives reckons, Slack is about to crash into a Microsoft wall. “Only 10% to 15% of the core Microsoft enterprise customer base is potentially 'in play' for Slack,” Ives and Backe write in a recent note to investors initiation coverage of Slack with an “Underperform” rating.Microsoft has a rival product called Teams that offers similar capabilities and is available free to existing Microsoft Office 365 business customers. “We have spoken to many enterprise customers that have seriously contemplated Slack's enterprise tier solution, but in the final IT decision was viewed that Teams services will suffice with no extra charge for Office 365 customers,” the Wedbush report says.What's more, Microsoft CEO Satya Nadella is putting a lot of resources behind the Teams product to blunt the threat Slack presents to “wall-to-wall Microsoft shops,” the analysts say.Earlier this year Microsoft claimed it had about 13 million daily active users, which it said put it ahead of Slack. Slack responded last month saying it had 12 million daily active users. That's less than Teams but Slack was careful to highlight its user engagement figures, which it said showed how much people like using the app.Slack offers a freemium model where customers start on a free plan and then can move up to paid offerings ranging from standard to plus to enterprise. The company has 100,000 paying customers as of Q2 2020. Slack CEO Stewart Butterfield has said that's still the way the company acquires most paid customers. “Its individual work groups, like some one person says we should check this out and they get 2 to 3 and then 5 or 8 or 15 people using it and that happens over and over again across the company,” Butterfield said at a conference in Laguna Beach last month.
Slack is among a string of tech startups focused on corporate customers to recently enter the public markets. Zoom which provides video conferencing tools for companies using a similar “freemium” model, was one of the most successful public offings of the year, with its stock now trading at roughly double the level of its IPO price.Slack, which went public in June via an unorthodox direct listing, has seen its share sink about 47% below the level of its first days on the market.If not Microsoft customers, then who？If Wedbush's bleak view of Slack's prospects with Microsoft customers proves true, Slack will need to find its growth elsewhere. Ives said Slack's challenge will be to get the roughly 500,000 organizations that use Slack's free platform option to covert to paid users and drive growth over the next three to five years.He does think Slack will continue to do well with small business and startups and mid-market companies. “I think their sweet spot is 500 to 2,000 seat enterprises that tend to be more next generation type companies,” Ives said. Ives does see Slack's integrations with other services as an advantage, and that it offers a “sophisticated search and collaboration software that is embedded within an organization's workflow with topic, historical data maintenance, and group based features that are difficult for competitors to replicate.” However, that may not be enough to take a significant portion of the market and beat Microsoft. “The next step of growth will be a major uphill battle” for Slack, says Ives.if you want know more,Download wikifx
The Slack solution is impressive and represents a strong growth opportunity, however we believe penetrating this next phase of enterprises will be incrementally more difficult as the Microsoft/Teams value proposition presents a major competitive hurdle going forward in sales cycles,” Wedbush analysts Daniel Ives and Strecker Backe wrote.Microsoft has claimed it has more daily active users than Slack, at 13 million. While Slack has responded and said it had 12 million and highlighted user engagement figures which it says show how much people like using the app. Click here for more BI Prime stories.One out of every ten Microsoft enterprise customers might switch to Slack, the upstart office collaboration tool. And that's not good news for Slack. The San Francisco company is valued at roughly $10 billion by public market investors who are betting that Slack's passionate “cult” user base will help it become a standard workplace tool — as common as email and mobile phones — in the corporate world. But according to a recent report by Wedbush Securities analysts Dan Ives and Strecker Backe, Slack's growth prospects might not be as wide open as investors believe.
In particular, Ives reckons, Slack is about to crash into a Microsoft wall. “Only 10% to 15% of the core Microsoft enterprise customer base is potentially 'in play' for Slack,” Ives and Backe write in a recent note to investors initiation coverage of Slack with an “Underperform” rating.Microsoft has a rival product called Teams that offers similar capabilities and is available free to existing Microsoft Office 365 business customers. “We have spoken to many enterprise customers that have seriously contemplated Slack's enterprise tier solution, but in the final IT decision was viewed that Teams services will suffice with no extra charge for Office 365 customers,” the Wedbush report says.What's more, Microsoft CEO Satya Nadella is putting a lot of resources behind the Teams product to blunt the threat Slack presents to “wall-to-wall Microsoft shops,” the analysts say.Earlier this year Microsoft claimed it had about 13 million daily active users, which it said put it ahead of Slack. Slack responded last month saying it had 12 million daily active users. That's less than Teams but Slack was careful to highlight its user engagement figures, which it said showed how much people like using the app.Slack offers a freemium model where customers start on a free plan and then can move up to paid offerings ranging from standard to plus to enterprise. The company has 100,000 paying customers as of Q2 2020. Slack CEO Stewart Butterfield has said that's still the way the company acquires most paid customers. “Its individual work groups, like some one person says we should check this out and they get 2 to 3 and then 5 or 8 or 15 people using it and that happens over and over again across the company,” Butterfield said at a conference in Laguna Beach last month.
Slack is among a string of tech startups focused on corporate customers to recently enter the public markets. Zoom which provides video conferencing tools for companies using a similar “freemium” model, was one of the most successful public offings of the year, with its stock now trading at roughly double the level of its IPO price.Slack, which went public in June via an unorthodox direct listing, has seen its share sink about 47% below the level of its first days on the market.If not Microsoft customers, then who？If Wedbush's bleak view of Slack's prospects with Microsoft customers proves true, Slack will need to find its growth elsewhere. Ives said Slack's challenge will be to get the roughly 500,000 organizations that use Slack's free platform option to covert to paid users and drive growth over the next three to five years.He does think Slack will continue to do well with small business and startups and mid-market companies. “I think their sweet spot is 500 to 2,000 seat enterprises that tend to be more next generation type companies,” Ives said. Ives does see Slack's integrations with other services as an advantage, and that it offers a “sophisticated search and collaboration software that is embedded within an organization's workflow with topic, historical data maintenance, and group based features that are difficult for competitors to replicate.” However, that may not be enough to take a significant portion of the market and beat Microsoft. “The next step of growth will be a major uphill battle” for Slack, says Ives.if you want know more,Download wikifx
Unlike the violent fluctuation in the energy market and the great
volatility in the stock market, the U.S. Treasury market has been
particularly calm in recent weeks, and no one can say where it's heading
to.To get more news about wikifx, you can visit wikifx news official website.
After the initial shock of the coronavirus epidemic, many bond traders were neither able nor willing to bet on the direction of US Treasury yields. The benchmark U.S. 10-year Treasury yields, after roller-coastering in March from a record low of 0.31% to a high of 1.27%, fluctuated in a much smaller range of 0.54% to 0.78% in April.
According to the institutional investor survey data released by JP Morgan Chase, two-thirds of the surveyed institutions have become more neutral in terms of fund allocation, a proportion close to the highest level in the past two years. This situation indicates that there are few large-scale risk-taking investments at the moment.
Most bond yields have been trading in a tight range, which means that investors are still holding out to see whether the United States can escape the whirlpool of deflation. A large amount of fixed-income futures positions were closed in March, and since then, the size of the open interest has hardly changed, and has been hovering around the lowest level since 2017.if you want know more,Download wikifx
After the initial shock of the coronavirus epidemic, many bond traders were neither able nor willing to bet on the direction of US Treasury yields. The benchmark U.S. 10-year Treasury yields, after roller-coastering in March from a record low of 0.31% to a high of 1.27%, fluctuated in a much smaller range of 0.54% to 0.78% in April.
According to the institutional investor survey data released by JP Morgan Chase, two-thirds of the surveyed institutions have become more neutral in terms of fund allocation, a proportion close to the highest level in the past two years. This situation indicates that there are few large-scale risk-taking investments at the moment.
Most bond yields have been trading in a tight range, which means that investors are still holding out to see whether the United States can escape the whirlpool of deflation. A large amount of fixed-income futures positions were closed in March, and since then, the size of the open interest has hardly changed, and has been hovering around the lowest level since 2017.if you want know more,Download wikifx
Andrew Lapthorne, the global head of quantitative research at Societe
Generale, is skeptical of forecasts for a “perfect” v-shaped recovery in
corporate earnings. The consensus forecast among analysts is that by
the end of 2021, profits will be growing at nearly the same rate as they
were in late-2019.Lapthorne considered the unique nature of this crisis
and concluded that the consensus is too optimistic.Click here for more
BI Prime stories.To get more news about wikifx, you can visit wikifx news official website.
Wall Street's expectations for recovery from the coronavirus crisis seems too good to be true. That's according to Andrew Lapthorne, the global head of quantitative research at Societe Generale. He is skeptical that the stock market's strong rebound from its trough in March matches up with the reality that will unfold in the months ahead. In particular, Lapthorne is skeptical of the “perfect” recovery that is reflected in real-time consensus forecasts for earnings, the biggest long-term driver of stock prices. Data he compiled shows that analysts expect global profits to fall by 21% this year and then rise 21% in 2021.In other words, the prediction is that economic conditions will recover so quickly that by December 2021, corporate profits will be back to where they were when COVID-19 began to spread in late-2019.
In the alphabet soup of economic scenarios, analysts expect a V-shaped recovery that is turbocharged by effective containment of the outbreak and abundant government stimulus.Many countries around the world are clearly not close to fully reopening their economies. But the latter condition — stimulus — has been successful and unprecedented, ranging from the Federal Reserve's purchases of select junk-rated corporate debt to the checks wired straight to Americans' accounts.
Loading
Something is loading.
This helps explain why the S&P 500 has already retraced more than half of its losses after its fastest 30% decline ever. Once again, investors are buying equities knowing fully well that the Fed is ready to act as lifeguard.
“Yet there is zero evidence historically that markets can go up on a sustained basis whilst profits continue to slump,” Lapthorne said. “Equity markets may have bounced but investors still seem to be positioning themselves for a drop.”For proof of the ongoing risk to corporate profits, keep tabs on what companies are doing with their cash. Goldman Sachs strategists estimate that cash spending among S&P 500 companies will fall by a record 33% to $1.8 trillion this year. The decline includes cuts to dividends — another area where proof of cashflow constraints can be found. By adjusting for the expected drop in EPS this year, UBS estimates that the median S&P 500 dividend will fall 28% to $1.47. The largest expected dividend reductions are in cyclical sectors like energy and materials.Lapthorne is not the only strategist concerned that earnings expectations are still too high, even though they have been reined in by the pandemic.
“We are concerned 2021 numbers now need to be cut more aggressively,” said Lori Calvasina, the head of US equity strategy of RBC Capital Markets, in a recent note. Her 2021 EPS forecast that factors in a “healthy economic recovery and margin expansion” is $153, below the consensus forecast for $170.In addition, she noted that several executives have told analysts on earnings calls that the journey to get the economy back to its pre-coronavirus strength will be slow and uneven. These observations contrast the market's march higher — at least in Lapthorne's books. And the mismatch is one that may be corrected by another sell-off.if you want know more,Download wikifx
Wall Street's expectations for recovery from the coronavirus crisis seems too good to be true. That's according to Andrew Lapthorne, the global head of quantitative research at Societe Generale. He is skeptical that the stock market's strong rebound from its trough in March matches up with the reality that will unfold in the months ahead. In particular, Lapthorne is skeptical of the “perfect” recovery that is reflected in real-time consensus forecasts for earnings, the biggest long-term driver of stock prices. Data he compiled shows that analysts expect global profits to fall by 21% this year and then rise 21% in 2021.In other words, the prediction is that economic conditions will recover so quickly that by December 2021, corporate profits will be back to where they were when COVID-19 began to spread in late-2019.
In the alphabet soup of economic scenarios, analysts expect a V-shaped recovery that is turbocharged by effective containment of the outbreak and abundant government stimulus.Many countries around the world are clearly not close to fully reopening their economies. But the latter condition — stimulus — has been successful and unprecedented, ranging from the Federal Reserve's purchases of select junk-rated corporate debt to the checks wired straight to Americans' accounts.
Loading
Something is loading.
This helps explain why the S&P 500 has already retraced more than half of its losses after its fastest 30% decline ever. Once again, investors are buying equities knowing fully well that the Fed is ready to act as lifeguard.
“Yet there is zero evidence historically that markets can go up on a sustained basis whilst profits continue to slump,” Lapthorne said. “Equity markets may have bounced but investors still seem to be positioning themselves for a drop.”For proof of the ongoing risk to corporate profits, keep tabs on what companies are doing with their cash. Goldman Sachs strategists estimate that cash spending among S&P 500 companies will fall by a record 33% to $1.8 trillion this year. The decline includes cuts to dividends — another area where proof of cashflow constraints can be found. By adjusting for the expected drop in EPS this year, UBS estimates that the median S&P 500 dividend will fall 28% to $1.47. The largest expected dividend reductions are in cyclical sectors like energy and materials.Lapthorne is not the only strategist concerned that earnings expectations are still too high, even though they have been reined in by the pandemic.
“We are concerned 2021 numbers now need to be cut more aggressively,” said Lori Calvasina, the head of US equity strategy of RBC Capital Markets, in a recent note. Her 2021 EPS forecast that factors in a “healthy economic recovery and margin expansion” is $153, below the consensus forecast for $170.In addition, she noted that several executives have told analysts on earnings calls that the journey to get the economy back to its pre-coronavirus strength will be slow and uneven. These observations contrast the market's march higher — at least in Lapthorne's books. And the mismatch is one that may be corrected by another sell-off.if you want know more,Download wikifx
Continued speculation that the pandemic is nearing the peak has
continued to fuel optimism into US financial market.Thanks to prospects
that United States will soon lift lockdown measures and produce drugs to
effectively control the coronavirus pandemic, Nasdaq was up by 6%
throughout the week, registering the largest double-week gain since
2001. On the other hand, extreme pessimism continues to loom the forex
and oil markets, while a crisis similar to the Asian financial turmoil
of 1997-98 is quietly brewing and threatens to hit emerging market
currencies.To get more news about wikifx, you can visit wikifx news official website.
While Trump said last week that the United States would lift restrictions in phases, Japan expanded state of emergency to the whole country, and the United Kingdom also announced an extension of the blockade measures for three weeks, reflecting that the global pandemic has yet to be controlled. There is also news that Remdesivir, the drug produced and tested by pharmaceutical company Gilead, has a positive effect in treating coronavirus patients, boosting the company's stock price by 10%.
The Dow component Boeings share also soared 15% after the company announced plans to restart aircraft production in Washington State. But the foreign exchange market and the oil market have been sluggish amid the good news, with some emerging market countries seeing devastating crash of oil price and their national currencies.
Emerging market currencies in sell-off and ZAR has fallen 26% this year.
Some emerging market currencies have continued to record new lows, such as the Indian rupee, the Argentine peso, the Mexican peso, the Brazilian real and the South African rand, while the Turkish lira is approaching historical lows. The South African rand has fallen by 26% year to date, seeing the largest decline among all currencies. The Brazilian real has fallen by 23%, the Mexican peso has fallen by 21%, and the Russian ruble has fallen by 16.5%. The above data reflects that the currencies of emerging market countries and oil-producing countries are in a sell-off wave, facing the crisis of sharp depreciation.
When Soros targeted the Thai central bank and attacked the Thai baht in early 1997, Hong Kong people, indulged in the enthusiasm of the reunification with Mainland, continued to speculate in stock and property markets and ignored signs of the fierce currency battle between Soros and Thailand. Later the baht‘s crash triggered an unprecedented tsunami in Asian financial market. So the sell-off in currencies of emerging markets and oil-producing countries may be a signal that a financial storm is looming large in these emerging markets. This explains why the US dollar index remains strong despite US stocks’ rally last week.
Therefore, if the emerging markets are unfortunately hit by the financial crisis domino effect in the future, there will be another round of dollar shortage and liquidity shortage, which will boost the exchange rate of the US dollar and keep non-US currencies under pressure.
A financial crisis is brewing in emerging markets and non-dollar currencies remains under pressure
In addition to the forex market, the oil market has also suffered a heavy blow as the worst among most affected sectors. From the beginning of the year to last Friday, closing price of WTI futures at New York Mercantile Exchange have plummeted by 70.19%, which is definitely a disaster. A barrel of oil is approximately 159 liters. Taking WTI crude‘s lowest price of US$17.31/barrel last Friday, that’s 0.84 Hong Kong dollars per liter of oil, suggesting that the price of oil fell to a much cheaper level than water.
Therefore, at this stage, there are extremely extreme contradictions in the financial market. The US stock market rebounded amid optimism that the global pandemic has peaked, but at the same time, WTI crude has suffered pressures from the economic fallout and possibility of a recession. Some foreign banks observe that WTI will bottom out at around US$10, I personally think that there is very little room for oil price to plunge further.
While opinions still vary as to whether oil prices have hit the bottom, one thing sure is that whether oil prices bottom out now or continue to drop to the forecast US$10 level, prices wont return to US$30 in the short term even after bottoming out, which will definitely be a big problem for oil companies. Most oil companies, probably except for those in Russia and the Middle East, will be losing money if the prices remain below US$30. Oil companies in North and South America, Europe and Asia may fall into financial difficulties and then face the crisis of bankruptcy. I estimate that in the future, the collapse of oil companies will repeat the collapse of investment banks in the 2008 financial crisis, and eventually off a financial tsunami.
I also cited the above example during one of the shows-the subprime mortgage crisis broke out in the first quarter of 2007, butLehman Brothers didnt go bankrupt immediately in the second quarter of 2007, they collapsed in September of the following year. So I believe that the Great Depression 2.0 derived from the coronavirus pandemic will eventually trigger emerging market crisis, sovereign debt crisis and the collapse of large companies in different sectors, especially energy companies, starting from the second half of 2020. For bottom buyers counting on a rally of oil prices, Unlevered ETF will be a good choice.if you want know more,Download wikifx
While Trump said last week that the United States would lift restrictions in phases, Japan expanded state of emergency to the whole country, and the United Kingdom also announced an extension of the blockade measures for three weeks, reflecting that the global pandemic has yet to be controlled. There is also news that Remdesivir, the drug produced and tested by pharmaceutical company Gilead, has a positive effect in treating coronavirus patients, boosting the company's stock price by 10%.
The Dow component Boeings share also soared 15% after the company announced plans to restart aircraft production in Washington State. But the foreign exchange market and the oil market have been sluggish amid the good news, with some emerging market countries seeing devastating crash of oil price and their national currencies.
Emerging market currencies in sell-off and ZAR has fallen 26% this year.
Some emerging market currencies have continued to record new lows, such as the Indian rupee, the Argentine peso, the Mexican peso, the Brazilian real and the South African rand, while the Turkish lira is approaching historical lows. The South African rand has fallen by 26% year to date, seeing the largest decline among all currencies. The Brazilian real has fallen by 23%, the Mexican peso has fallen by 21%, and the Russian ruble has fallen by 16.5%. The above data reflects that the currencies of emerging market countries and oil-producing countries are in a sell-off wave, facing the crisis of sharp depreciation.
When Soros targeted the Thai central bank and attacked the Thai baht in early 1997, Hong Kong people, indulged in the enthusiasm of the reunification with Mainland, continued to speculate in stock and property markets and ignored signs of the fierce currency battle between Soros and Thailand. Later the baht‘s crash triggered an unprecedented tsunami in Asian financial market. So the sell-off in currencies of emerging markets and oil-producing countries may be a signal that a financial storm is looming large in these emerging markets. This explains why the US dollar index remains strong despite US stocks’ rally last week.
Therefore, if the emerging markets are unfortunately hit by the financial crisis domino effect in the future, there will be another round of dollar shortage and liquidity shortage, which will boost the exchange rate of the US dollar and keep non-US currencies under pressure.
A financial crisis is brewing in emerging markets and non-dollar currencies remains under pressure
In addition to the forex market, the oil market has also suffered a heavy blow as the worst among most affected sectors. From the beginning of the year to last Friday, closing price of WTI futures at New York Mercantile Exchange have plummeted by 70.19%, which is definitely a disaster. A barrel of oil is approximately 159 liters. Taking WTI crude‘s lowest price of US$17.31/barrel last Friday, that’s 0.84 Hong Kong dollars per liter of oil, suggesting that the price of oil fell to a much cheaper level than water.
Therefore, at this stage, there are extremely extreme contradictions in the financial market. The US stock market rebounded amid optimism that the global pandemic has peaked, but at the same time, WTI crude has suffered pressures from the economic fallout and possibility of a recession. Some foreign banks observe that WTI will bottom out at around US$10, I personally think that there is very little room for oil price to plunge further.
While opinions still vary as to whether oil prices have hit the bottom, one thing sure is that whether oil prices bottom out now or continue to drop to the forecast US$10 level, prices wont return to US$30 in the short term even after bottoming out, which will definitely be a big problem for oil companies. Most oil companies, probably except for those in Russia and the Middle East, will be losing money if the prices remain below US$30. Oil companies in North and South America, Europe and Asia may fall into financial difficulties and then face the crisis of bankruptcy. I estimate that in the future, the collapse of oil companies will repeat the collapse of investment banks in the 2008 financial crisis, and eventually off a financial tsunami.
I also cited the above example during one of the shows-the subprime mortgage crisis broke out in the first quarter of 2007, butLehman Brothers didnt go bankrupt immediately in the second quarter of 2007, they collapsed in September of the following year. So I believe that the Great Depression 2.0 derived from the coronavirus pandemic will eventually trigger emerging market crisis, sovereign debt crisis and the collapse of large companies in different sectors, especially energy companies, starting from the second half of 2020. For bottom buyers counting on a rally of oil prices, Unlevered ETF will be a good choice.if you want know more,Download wikifx
The British pound has been sluggish recently, being among a group of
non-US currencies that suffered general pressure due to risk aversion
sentiment caused by WTI's decline into negative areas. However, the
pound has now shown obvious resistance to decline.To get more news about
wikifx, you can visit wikifx news official website.
Despite Markit's service industry PMI in April of 12.3, which was much lower than the expected 27.8, the pound did not show a sharp decline, indicating that the market partially digested the epidemic's shock on Britain's economy. We believe that pound s current exchange rate at an extremely low range indicates the currency has little room for further declines. As the global economy gradually recovers, the pound may rebound significantly.
The negotiators of the United Kingdom and the European Union began week-long consultations to discuss the relationship between the two countries after the Brexit, including trade issues. As the epidemic persists, the possibility of the UK applying for an extension of the Brexit transition period is also increasing. The market still needs to pay close attention to how the progress of related matters evolve.if you want know more,Download wikifx
Despite Markit's service industry PMI in April of 12.3, which was much lower than the expected 27.8, the pound did not show a sharp decline, indicating that the market partially digested the epidemic's shock on Britain's economy. We believe that pound s current exchange rate at an extremely low range indicates the currency has little room for further declines. As the global economy gradually recovers, the pound may rebound significantly.
The negotiators of the United Kingdom and the European Union began week-long consultations to discuss the relationship between the two countries after the Brexit, including trade issues. As the epidemic persists, the possibility of the UK applying for an extension of the Brexit transition period is also increasing. The market still needs to pay close attention to how the progress of related matters evolve.if you want know more,Download wikifx