Plunging Yields Point to Rising Deflation Risk

Long Term Interest Rates Plunge to 2.9% Despite the Federal Reserve’s (the Fed) policy of slowly raising rates to “Neutral”, the Bond Market won’t cooperate.  On Thursday, yields fell to a level that, not long ago, seemed UNTHINKABLE. The Mini-Slideshow below illustrates the dramatic downward moves in 5 year, 10 year and 30 year maturities.  […]

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Will the Stock Market Get a “Santa Claus Rally” or “Season’s Beatings”?

Is Santa Claus Coming To Town? Also known as the “December Effect”, the Santa Claus rally refers to the tendency of the Stock Markets to rally during the winter holidays.  Yale Hirsch first coined the term in 1967 in the “Stock Trader’s Almanac”.  (https://www.stocktradersalmanac.com/).     The evidence, as compiled by the Wall Street Journal, […]

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Interest Rates in Sudden, Full Reverse

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 […]

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