FRB Chair’s much anticipated speech was not a watershed event. Powell essentially reiterated the messaging from the last FOMC statement and Minutes. If things evolve as expected, the Fed could start to ...

Both Citicorp and Merrill Lynch are suggesting the 10-year will yield 2.0% by year’s end. Merrill further stated this increase in yields will cause a 16.5% decline in the S & P 500 as valuations are...

There is a plethora of explanations for recent equity weakness; tapering, resurgent virus worries, rising wages, inflation, supply bottlenecks, option expiration....

Yesterday I rhetorically asked whether reality will return to the bond market with a vengeance. At the time of this writing the 10-year Treasury is yielding 1.37% up from ...

July’s employment data exceeded all estimates. More importantly the previous month’s data was revised higher thus suggesting considerable underlying strength. ...