Did Iran back down? Did brinkmanship win again? Only history will answer this question. Perhaps the only certainty to write is the media/blogosphere is filled with official sounding but completely unsubstantiated reports. ...
Equities fell nominally as some are wary of escalation in tensions with Iran. Oil also declined believing that such any escalation will not impact supplies. Treasuries were essentially unchanged. ...
Perhaps today’s biggest question is whether or not Iran is a rational actor. To date the regime’s actions do not match their words. While I will not opine about the killing of Soleimani, the rhetoric from some in the US as well as...
In my view the opinions on Wall Street are either extremely bullish or bearish. The bullish camp contends technology shares will continue their exponential rise. Bloomberg writes Apple and Microsoft contributed about 35% to the Dow’s 2019 gains. As written several weeks...
Welcome to 2020 and to a new decade. Many want to know the future but as all know change is the only constant. Based upon the massive ownership of several companies partially the result of passive investing and technology based trading, the vast...
An argument can be made the world’s sovereign debt markets just got a lot riskier as Sweden just ended a half of decade of negative rates. The question at hand will other central banks follow their lead? Everything in the world is priced...
An argument can be made the world’s sovereign debt markets just got a lot riskier as Sweden just ended a half of decade of negative rates. The question at hand will other central banks follow their lead? Everything in the world is priced...
As with months’ past, there was little attention focused on the impeachment drama. For the moment trade, the primary catalyst of 2019 is not an immediate issue. Will activity continue wane as the year is quickly coming to an end? ...
Equities were relatively quiet as the euphoria over a partially completed trade deal began to fade. Economic data continued to be stronger than expected including pivotal housing data that stated permits rose to a 12 year high. More over the number of October’s...
Three months ago the pundits were dogmatically stating a recession was inevitable. Today some are suggesting fourth quarter growth could be over 2.5%. As widely discussed the third quarter expanded at a 2.1% pace versus the consensus estimate of 1.3%. ...