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The S & P has experienced its biggest four-day slump since December 2018. The 10- and 30-year Treasury yields have plunged to the lowest levels on record. As widely discussed, the coronavirus is blamed for the current rout. ...

Equities were mixed Friday on contrasting statistics from China on how the coronavirus is spreading. Data was generally upbeat however some are concerned that retail sales were revised nominally lower in December. ...

The first print of third quarter GDP validated my long held view of today’s recessionary fears are vastly overblown. The economy expanded at a 1.9% annualized rate versus the consensus view of a 1.6% pace. Perhaps the most significant aspect of the report...

Is a new theme arising? For many years market participants have been rationalizing the valuations of profitless companies. Was We Work the proverbial straw that broke the camel’s back? ...

Is there a liquidity crisis? Yesterday’s repo auction was oversubscribed by a factor of two. However yields did not spike. The Fed is providing the necessary liquidity, operating in its most foremost capacity of being the “banker’s banker,” the lender of last...

As widely known, the Dow is down for six consecutive weeks. Will this week be the seventh? Bespoke Investment Group states that since 1900 there have only been seven 7-week losing streaks and just one ...

Equity markets declined yesterday on mixed earnings. Disappointing results from both Alphabet and Samsung overshadowed stronger than expected profits from GE and Pfizer. Oil rose on Venezuelan unrest, Saudi Arabia signaling a ...

Equities were again mixed as a group of high profile earnings offered disparate clues on the strength of the economy. Treasuries continued to slump with rates falling to levels last seen before the Fed’s dovish tilt a month ago. Oil advanced about ...

Markets were relatively quiet as two mega sized financials posted disappointing results. Many are beginning to write the current advance is “looking tired.” Will earnings rejuvenate the averages? Several high profile companies report this week including ...

Fourth quarter earnings season is accelerating. A quick and obvious observation is that if the company exceeds expectations, shares rise and vice versa. Leuthold Group writes earnings day turbulence in individual companies late last year reached the highest since...