Juggling Dynamite

Danielle was a guest today with Phil Mackesy on Talk Digital Network discussing recent trends in global markets and the economy.  You can find the audio clip here.

Two chart updates today worth considering. This first one shows 10 Treasury yields continuing to fall as money flows to strategic ‘risk-off’ mode parking in the relative liquidity of US Treasuries.

Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.

Another big picture snapshot of the Canadian stock market confirms this trend, with capital continuing to flow out of the ‘risk on’ global-growth bet.

Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.

Private equity firm Carlyle Group LP went public today raising $671 million in its initial public offering and making its three founding partners billionaires. The issue was priced below the marketed range however, after struggling to win investors wary of the track record of publicly traded buyout firms. More evidence of the investor dupe of IPO’s can be found in considering the after-IPO performance of some of the other much-hyped deals sold to the public over the past few years as shown below. Typically sellers and their broker/promoters get big bucks while investors get big hype and big hurt. See Carlyle Prices IPO Below Range.