IT IS ALL ABOUT INTEREST RATES
The 10-year Treasury is at the highest yield in a year. Many market luminaries have defended current lofty valuations—the highest since the records achieved during the ...
19 February, 2021
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SOME THOUGHTS
For many years I titled these remarks “Early Morning Commentary,” a commentary as to how I view of the socio economic and geopolitical issues facing the markets and the economy. I am flattered by the ...
15 January, 2021
WILL POTENTIAL REGULATION OF ARTIFICIAL INTELLEGENCE COMPANIES BECOME A MAJOR MARKET RISK?
Will regulating artificial intelligence…aka social media companies…become a major market risk? As widely known, social media companies are massive AI operations, their data centers running ...
13 January, 2021
THE OUTCOME OF THE FED MEETING ANNOUNCED AT 2:00 P.M.
Today is the conclusion of a two-day FOMC meeting. No change in interest rates is expected but some are speculating about a change in ...
16 December, 2020
A QUIET DAY
It was a relatively quiet day as prospects for a stimulus deal remained elusive while COVID cases increases. The NASDAQ closed nominally higher and the Dow nominally lower. Treasuries were ...
11 December, 2020
AN UGLY DAY FOR A MULTITUDE OF REASONS
Equities stumbled the most in four months. There were numerous catalysts. Rising COVID cases. Reality setting in Biden could win thus ushering in an unprecedented wave of ...
29 October, 2020
STIMULUS AND ANTI TRUST LITIGATION
In my view the market had little reaction to what Bloomberg writes “is the most significant monopoly case filed in the US in perhaps 100 years.” The US Justice Department is poised to...
21 October, 2020
YESTERDAY WAS A RECORD DAY FOR BOTH TECH AND HOUSING SENTIMENT
The WSJ wrote “technology companies are set to end the year with their greatest share of the stock market yet, topping the dot-com era peak.” The Journal stated that companies involved in ...
20 October, 2020
MARKETS ARE SUGGESTING MASSIVE STIMULUS SPENDING HAS NO DOWN SIDE…THIRD QUARTER EARNINGS SEASON COMMENCES TODAY
Many are convinced a Biden presidency will create an economic boom via increased fiscal spending. While it is correct equities typically perform best under a Democratic Administration given the ...
13 October, 2020
POWELL, THE HOUSE, TRADE DATA, THE DEBATE, STIMULUS AND THE HOUSE AGAIN…YESTERDAY COULD BE TRANSFORMATIONAL
In my view, FRB Chair Powell offered no new insight into the economy. Powell warned of a weak recovery without sufficient government aid and providing to much stimulus would not be a problem. He further stated ...
07 October, 2020