Regulatory officials are now becoming concerned of the illiquidity of the bond market. There is now little debate whether or not regulations implemented after the 2008 financial crisis is affecting trading as a new consensus is being formed that it is just a matter of...
At one time oil rallied over 2% yesterday. Dow Jones wrote on a closing basis oil has moved over 2% forty two times this year, more than the total number of such moves over the past three years. Perhaps it is a gross understatement that...
Have oil prices bottomed? Was the high profile merger between two industry behemoths an indicator of prices bottoming and the harbinger of mergers to occur? Wire services report in order for the merger to be economically feasible, oil is expected to average $67 barrel in...
Many times I have commented about the bifurcation between the indices and the typical stock as many now are chasing returns via closet indexing. For those, such as me, who rely upon sector analysis via geopolitical and macroeconomic trends, the last 12-15 months have been...
Early yesterday morning all thought the markets would be down because of Friday’s poor jobs data. The markets did open lower only to stage a considerable advance following NY Fed President Dudley’s remarks that the pace of interest rate increases is likely to be “shallow”...
For many, I included, the first quarter was difficult. It is now very apparent the only manner to generate returns is via closet indexing. As noted several times, I believe today is analogous to 1999-2000 where performance was driven by something .com or the four...
Stocks ended nominally higher after Wednesday’s drubbing closing on the pivotal and technically important 200 day moving average line of the S & P 500. As noted many times, the markets are overly influenced by technology based trading; trading that places great emphasis upon this...
Will there be a nuclear deal with Shia Iran? It was reported late Friday by various news wires Sunni Saudi Arabia may seek to buy or build a nuclear weapon, perhaps from Pakistan. I will vigorously argue this is the result of American foreign policy,...
It is generally accepted there is a civil war between the Shias and the Sunnis with Iran and Saudi Arabia as the proxy. In my view this is a major geopolitical event that can potentially have a massive geostrategic and macroeconomic impact....
Equities closed considerably lower as monies began to exit the momentum names, perhaps the result of the rising dollar that may hurt profits. Treasuries also declined in price even though the economic data was weaker than expected....