What do I first comment about? Do I remark about oil’s unrelenting advance spiking to over $62 barrel on a reduction in inventories? Or do I write about the bond market rout as the 30-year pierced the 3.0% level because of potential inflationary pressures from...
Oil is over $60 barrel, the highest level since December and up about 40% since it mid-March six year low. The reasons for yesterday’s gain…Libyan port closure and an increase in price that Saudi Arabia charges some North American and European customers....
Are the markets overvalued? In my view, the answer is data dependent. Relatively speaking shares are inexpensive based upon current interest rates. On the other hand, if rates begin to normalize, values are extended....
Last week contained several surprises. European bonds were crushed as the realization of negative yields was acknowledged. This acknowledgement was the catalyst for a sharp selloff in US Treasuries. Oil advanced to its highest level of the year while the dollar fell from its lofty...
Bloomberg reports bonds backed by loans to Spanish small businesses became the first asset-back securities to stop making interest payments last week after the benchmark rates turned negative....
Bloomberg reports bonds backed by loans to Spanish small businesses became the first asset-back securities to stop making interest payments last week after the benchmark rates turned negative....
Bloomberg reports bonds backed by loans to Spanish small businesses became the first asset-back securities to stop making interest payments last week after the benchmark rates turned negative....
Three months ago, many bond investors were bracing for deflation. Three months later, many are now concerned about inflation. These worries have not yet manifested themselves in Treasury bond prices but are evident by the record demand for TIPs or Treasury Inflation Protected bonds....
What will conclusions will be made from this week’s FOMC meeting? Many are discussing about a possible bubble in technology stocks. I think there is a bubble in sovereign debt yield. Several weeks ago I commented there are 21 countries that have negative interest rates,...
Many times I have commented about the outsized influence ETFs and index funds have had upon the markets, further stating it appears the only manner to have any return is to be a closet indexer. I have cynically written if mindless passive investing is the...