Triple Peaks For Stocks? Market conditions seem to have turned on a dime. Just 6 trading days ago, several major indexes were grinding to new highs and threatening to go much higher. Then came the flare-up in Trade tensions with China and suddenly the health of the markets took a nasty turn for the worse. […]
Stocks And Bonds Diverge It wasn’t that long ago the markets anticipated a substantial economic slowdown. The 20% or so plunge in equities was coupled with a sizable drop in Treasury Bond Yields. Something odd is going on. Most key equity indexes are approaching all-time highs. Bonds yields, on the other hand, are breaking […]
Has The Fed Miscalculated, AGAIN?? The recent about-face in US Treasury rates is nothing short of stunning. Or is it? At the end of 2015, Janet Yellen’s Federal Reserve first began the process of unwinding the prior years of stimulus. The key “Federal Funds” rate target was hiked a full five times. Even so, […]
Federal Reserve Chairman Signals Change in Policy Jerome Powell has only been on the job as the new Federal Reserve Chairman since February, but has already created substantial controversy. Powell’s Fed has raised the “Federal Funds” rate 3 times in 6 months. Until recently, the Fed was signalling another rate hike in December and up […]
Asset Bubbles Start Popping as Interest Rates Surge. It was “too good to be true” for “too long to be true”. Nearly 38 years of falling interest rates (or RISING BOND PRICES) and a 9-year Bull Market in Equities appear to be beating a hasty retreat. Lots of signs were there: this unprecedented period of […]
