Did record third quarter growth impact yesterday’s seven-year Treasury auction? In my view the lack luster demand, defined by the weakest demand for bonds by a two standard deviation margin, was ...
Equities stumbled the most in four months. There were numerous catalysts. Rising COVID cases. Reality setting in Biden could win thus ushering in an unprecedented wave of ...
The election is in eight days. Will the outcome end the extreme vitriol and animosity that has dominated society over the last 9 months? I will argue COVID was the proverbial gasoline that ...
The polls are saying and the market is pricing it: President Trump will not win on November 3. The obvious question at hand is this a correct conclusion?...
Bloomberg writes all the physical assets owned by all the companies in the S & P 500, all the cars and office building and factories and merchandise, if sold would generate less than ...
In my view the market had little reaction to what Bloomberg writes “is the most significant monopoly case filed in the US in perhaps 100 years.” The US Justice Department is poised to...
The WSJ wrote “technology companies are set to end the year with their greatest share of the stock market yet, topping the dot-com era peak.” The Journal stated that companies involved in ...
Today is Monday October 19 a date I vividly recall. Thirty-three years ago, and after only six months in the business, the Dow plummeted 22%, the largest one-day percentage drop in history. I am a ...
Depending upon one’s preconceived bias, yesterday’s economic data can be viewed as either half full or half empty....
The indices declined after Treasury Secretary Mnuchin stated that it would be difficult to get a stimulus deal done before the election. Bloomberg notes however, the inverse of the vast majority of ...