THE M3: ADELSON SPAIN PLANS; TWO NEW SANDS EXECS; STRENGTHEN S'PORE DOLLAR

The Macau Metro Monitor, July 26th, 2010

 

GLADEN'S TIDINGS HVS Madrid

According to HVS Madrid, Adelson plans to invest more than €8 billion in a mixed-use tourism development in Spain.  He has begun talks with Spanish authorities over possible locations in Madrid or Barcelona.


SANDS CHINA: TWO NEW EXECUTIVES ON THE WAY Macau Daily Times

LVS's President and COO, Michael Leven, said that the new executive vice president and chief casino officer, along with the new president and chief operating officer of Sands China will arrive on August 10.  Leven has been named Sands's acting CEO and currently serves as a special adviser to the Sands China Board of Directors.  According to MDT, Stephen Weaver, who will serve as an adviser to Leven, does not seem interested in the CEO position.

 

SINGAPORE MAY REQUIRE FURTHER 'CALIBRATION' OF MONETARY POLICY, IMF SAYS Bloomberg, AFP

Owning to signs of Singapore's inflation accelerating, the IMF believes the Singapore dollar appears “somewhat weaker” than its medium-term equilibrium level.  “The return to a modest and gradual appreciation of the Singapore dollar in nominal effective terms is consistent with internal and external stability,” the IMF said. “Directors pointed out that changes in the outlook for growth or inflation warrant vigilance and could call for a further recalibration of monetary policy in the period ahead.”  On April 14, the Monetary Authority of Singapore (MAS) allowed a revaluation and shifted to a stance of gradual appreciation.

 

Singapore's monetary policy is conducted via the local currency, which is traded against a basket of currencies of its major trading partners within an undisclosed band known as the nominal effective exchange rate. 


Cartoon of the Day: 'Biggest Tax Cut Ever'

President Donald Trump's economic team unveiled what he called last week, "the biggest tax cut we’ve ever had.” Before you get too excited about that hang on a sec. "Trump Tax Reform ain’t gettin’ done anytime soon," Hedgeye CEO Keith McCullough wrote in today's Early Look.

read more

Neurofinance: The Psychology Behind When To Sell A Bull Market

"Most momentum investors stay invested too long, under-reacting and holding tight after truly bad news finally arrives to break the trend," writes MarketPsych's Richard Peterson.

read more

Energy Stocks: Time to Buy the Dip? | $XLE

What the heck is happening in the Energy sector (XLE)? Energy stocks have trailed the S&P 500 by a whopping 15% in 2017. Before you buy the dip, here's what you need to know.

read more

Cartoon of the Day: Hard-Headed Bears

How's this for "hard data"? So far, 107 of 497 S&P 500 companies have reported aggregate sales and earnings growth of 4.4% and 13.2% respectively.

read more

Premium insight

McCullough [Uncensored]: When People Say ‘Everyone is Bullish, That’s Bulls@#t’

“You wonder why the performance of the hedge fund indices is so horrendous,” says Hedgeye CEO Keith McCullough, “they’re all doing the same thing, after the market moves. You shouldn’t be paid for that.”

read more

SECTOR SPOTLIGHT Replay | Healthcare Analyst Tom Tobin Today at 2:30PM ET

Tune in to this edition of Sector Spotlight with Healthcare analyst Tom Tobin and Healthcare Policy analyst Emily Evans.

read more

Ouchy!! Wall Street Consensus Hit By Epic Short Squeeze

In the latest example of what not to do with your portfolio, we have Wall Street consensus positioning...

read more

Cartoon of the Day: Bulls Leading the People

Investors rejoiced as centrist Emmanuel Macron edged out far-right Marine Le Pen in France's election day voting. European equities were up as much as 4.7% on the news.

read more

McCullough: ‘This Crazy Stat Drives Stock Market Bears Nuts’

If you’re short the stock market today, and your boss asks why is the Nasdaq at an all-time high, here’s the only honest answer: So far, Nasdaq company earnings are up 46% year-over-year.

read more

Who's Right? The Stock Market or the Bond Market?

"As I see it, bonds look like they have further to fall, while stocks look tenuous at these levels," writes Peter Atwater, founder of Financial Insyghts.

read more

Poll of the Day: If You Could Have Lunch with One Fed Chair...

What do you think? Cast your vote. Let us know.

read more

Are Millennials Actually Lazy, Narcissists? An Interview with Neil Howe (Part 2)

An interview with Neil Howe on why Boomers and Xers get it all wrong.

read more