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Yesterday I commented about the massive outperformance of technology which started in earnest in 2016. According to Bloomberg the ten years of tech outperformance is the longest stretch in history with concentrations exceeding the manic 2000 apex. ...

In my view the opinions on Wall Street are either extremely bullish or bearish. The bullish camp contends technology shares will continue their exponential rise. Bloomberg writes Apple and Microsoft contributed about 35% to the Dow’s 2019 gains. As written several weeks...

An argument can be made the world’s sovereign debt markets just got a lot riskier as Sweden just ended a half of decade of negative rates. The question at hand will other central banks follow their lead? Everything in the world is priced...

An argument can be made the world’s sovereign debt markets just got a lot riskier as Sweden just ended a half of decade of negative rates. The question at hand will other central banks follow their lead? Everything in the world is priced...

As with months’ past, there was little attention focused on the impeachment drama. For the moment trade, the primary catalyst of 2019 is not an immediate issue. Will activity continue wane as the year is quickly coming to an end? ...

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...

Equity markets are pricing about a 90% probability the Fed will lower interest rates on Wednesday. In my view the global headwinds that pushed the Bank to cut rates in July and September have abated somewhat ...

Twenty five years ago one of the top tier data points was the Leading Index of Economic Indicators (LEI). It was a hard and fast rule that three consecutive declines in the LEI all but assured a recession will occur in the next ...

As widely expected the FOMC lowered interest rates by 0.25% to insulate the US from slowing global growth. The Committee also stopped shrinking the Fed’s balance sheet effective August 1 as compared to the previously announced ...