Arpa-E, an agency under the US Department of Energy, announced that they are developing the new generation of batteries that will change the way we use and store energy. Other companies have committed to fund research to speed up the development of these new energy storage systems.
As if a gloomy start to 2016 for global markets was not enough, many investors are puzzled to see sectors with the strongest earnings estimates failing to buck the trend. The financial sector, in particular, is seemingly trapped in the broadly negative sentiment stemming from global equity weakness.
The US currency appreciated against almost every currency in 2015 by an average of 12 %, making US labor and US products that much less competitive.
The trade of the Year was to be short the Japanese Yen and the EUR against the US Dollar to finance long positions in Us Dollar denominated investments. The build-up of US Dollar long positions led to disappointing returns against the Japanese Yen, which ended the year where it started it, and the CHF that saw massive volatility in January as the Swiss National Bank changed its policy tools and abandoned its ‘peg’ against the EUR.