Treasury yields surged to the highest in a year over economic and COVID optimism. A Bloomberg headline read “US COVID cases are Plunging.” The article commented more than ...

17 February, 2021

Yesterday all markets were relatively subdued as fed speakers, Treasury auction and data had little impact....

11 February, 2021

Today is Inauguration Day. I think most will agree the vitriol is intense. Will the rhetoric subside? Will President Biden be able to enact his “restorationist agenda?” Will the Democratic Party splinter as some of the more progressive demands may ...

20 January, 2021

Several times I have commented about massive retail option call buying. According to Bloomberg over the last 30 days an average of more than 22 million calls traded across US exchanges, a record. Of this amount,18 million calls in sizes of ...

19 January, 2021

For many years I titled these remarks “Early Morning Commentary,” a commentary as to how I view of the socio economic and geopolitical issues facing the markets and the economy. I am flattered by the ...

15 January, 2021

The yield curve is the steepest it has been since 2016. The current difference between the 2 year and 10-year Treasury is about 100 bps (basis points) up from about ...

14 January, 2021