What do I first comment about?  Do I remark about oil’s unrelenting advance spiking to over $62 barrel on a reduction in inventories?  Or do I write about the bond market rout as the 30-year pierced the 3.0% level because of potential inflationary pressures from...

Are the markets overvalued?  In my view, the answer is data dependent.  Relatively speaking shares are inexpensive based upon current interest rates.  On the other hand, if rates begin to normalize, values are extended....

Bloomberg reports bonds backed by loans to Spanish small businesses became the first asset-back securities to stop making interest payments last week after the benchmark rates turned negative....