Global Bond Yields COLLAPSE!

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 […]

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Inflection Point (Part 6): What Precious Metals?

Inflection Point (Part 6): What Precious Metals? So far, the Inflection Point Series appears to be largely unfolding along the lines that we laid out beginning in Part 1, which argued that the long run equity valuation cycle had more than run its course.  The key factors which had propelled the Stock Markets to dizzying […]

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Inflection Point (Part 3): The Ultimate Cryptocurrency Surprise

Inflection Point (Part 3): The Ultimate Cryptocurrency Surprise It’s pretty tough to recall a historical example of an “asset class” that has generated as much controversy as Cryptocurrencies.  On the one hand, established Wall Street veterans, such as J. P. Morgan Chase Bank CEO Jamie Dimon, have called Bitcoin a “fraud”  (https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html).  Others, such as […]

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Inflection Point (Part 2): Financial Assets Give Way to Hard Assets

Inflection Point (Part 2): Financial Assets Give Way to Hard Assets   Recently, we outlined the case for why equity prices may be at an historical Inflection Point (https://markonomics101.com/2018/07/12/inflection-point-part-1-the-long-term-equity-valuation-cycle/).  Both Price Earnings multiples (PEs) and Earnings themselves have very little apparent upside while being highly susceptible to a reversion to their long-run means.  Such a […]

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More Signs That Stocks Are Now In BEAR Mode

Just yesterday, we observed that the financial landscape may be changing.    It appears that Stocks and other “Risk Assets” were finally, FINALLY ready to enter something that only us old-timers remember: The Ravages of a Bear Market  (http://markonomics101.com/2018/06/26/a-cruel-summer-for-equities-the-bear-has-arrived/).  That particular argument is not just reflected in the charts, but also is consistent with other […]

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