• All
  • Capitol Securities News
  • Equity Research
  • Independent Office
  • Locations
  • Market Commentary

Last week I commented about a possible short cover rally in the Treasury market, perhaps a reason why yields dropped about 10 basis points in quick order. JP Morgan wrote yesterday that ...

Some have commented that White House statements indicating it has no plans to delist Chinese companies helped offset the negative sentiment from Chinese remarks that it has narrowed the range of topics to be discussed. I am certain the interpretation of the upcoming meeting...

According to a survey taken by JP Morgan the greatest risk to quantitative strategies is not a sharp increase in rates or poor economic data but rather a collapse in liquidity. According to the Bank, “people know this is happening, it is not...

Earnings season commences Friday. Depending upon the source, first quarter profits are expected to decline anywhere between 4.8% and 9%. JP Morgan writes the majority of the declines will be focused in the ...

March’s unemployment data is released at 8:30. In my view the data can confirm or deny the recessionary narrative. As widely discussed February’s statistics were extremely confusing as growth in private sector and non-farm payrolls greatly disappointed while other components of the report...

Treasury prices have been surging. Yields are now around 90 basis points (0.90%) lower than they were about three months ago. In other words, yields have dropped over 33% with the large minority of this decline occurring since the March Fed meeting, the meeting...

We are we going? Three months ago the global consensus view was growth. Three months later, the inverse. According to Bloomberg, since November the global universe of negative yielding debt has surged by 75% to approximately $10 trillion. The apex was ...

Many times I have commented about the outsized impact of algorithmic trading has had upon the markets.  JP Morgan recently wrote 80% of equity volume is now the result of this type of momentum based trading and...