Here is an analysis of the dispersion of returns in the various sectors of the European equity markets as defined by the Stoxx sub sector indices. Dispersion here has been defined as the standard deviation of returns across the constituent stocks in a Stoxx sector index. I looked at 2 year daily data as well

See my earlier article A Return to Boom and Bust, where I argue that product and asset markets will be driven by liquidity and leverage and monetary policy in the short to medium term due to the extraordinary circumstances we find ourselves in in the aftermath of the bursting of the great credit bubble. Monetary policy

Does the printing of money by central banks inevitably lead to inflation?   Is there good inflation and bad inflation?   Quantitative easing is now underway in most developed countries in some form or other, most notably in the US, UK and Europe. It hopes to make up for the decline in transactions for a

The mark of a great leader is that he or she leaves a company, country or other organization strong enough to stand on its own without their continuing influence or indeed choice of successor. Redundancy is the ultimate test. Some potentially great leaders do in fact succeed in this respect, yet fail to recognize their

Inflation/deflation doesn’t turn on a dime. Inflation/deflation expectations turn on a dime.   Time to put on curve flatteners in US 2s and 10s, and 2s and 5s.