ECONOMY, MARKET and POLITICS UPDATE October 3, 2023 Right on Cue After warning clients over the past couple of months that I was expecting a stock market pullback in the 5-10% range, bond vigilantes jumped on today’s hot jobs data and heavy selling in long-dated Treasury bonds drove the 10-Year Treasury above 4.8% …
The Whack-a-Mole Market May 1, 2023 The Current Market Grind As I had forecast when I wrote to our clients in early February, we gave back some of the quick gains we saw in January. And over the past few weeks, trading transitioned to almost a zero-sum game with stocks and bonds grinding up and …
2022 Was Painful, 2023 Begins with a Bang! Feb 21, 2023 Happy New Year! After suffering the worst year since 2008 and with 2022 thankfully in the rearview mirror, the markets finally appear to have transitioned from panic to relief. Faced with a dizzying pace of interest rate hikes from the Federal Reserve last …
Lately I feel like I’ve been living in a reality-TV show. The script reads like the housing bubble of the late 2000s when over-leveraged, highly speculative activity in real estate and the unwinding of massive debt collided with crashing home prices to create one of the biggest economic shocks the US had experienced since the …
The VIX remains stubbornly high, market indexes and stocks of all sizes are testing lower and lower bottoms – is peak fear on the horizon? If you’ve been investing for years like I have, things look eerily familiar, but if you just started investing during the recent Bull Market you may be looking for a …
In the Bond Market, the morning began with a risk-off tone as sticky inflation pushed the UK to raise interest rates for the second time in two months and the European Central Bank finally acknowledged that they may start tightening later this year. In response to the news, rates in the US climbed as investors …
Rates Climb, Tech Stocks & Mixed Earnings Force Indexes Lower Read More »
Inflation seems to be everywhere. Prices for lumber, plastic, oil, and other commodities are rising due to supply chain bottlenecks and worker shortages. Just as Covid became more manageable, many businesses have begun passing those costs to their customers. With most of us feeling the sting of rising prices for gas and groceries over the …
You can’t time the market On Wall Street, a common saying is “you can’t time the market” and last week was a harsh reminder of that for those of us who own ViacomCBS (VIAC) stock. We saw firsthand how momentum can take our stock from rising more and more, to seeing our stock fall back …
Game Stop meme stocks The GameStop (and other “meme” stocks) saga continues… Online security analysts have recently uncovered evidence that Bots (software that can impersonate hundreds or thousands of people online) were pumping up GameStop and some other buzzy stocks on popular social platforms. While this might partly explain why the prices of some out-of-favor …
Treasury rates The Treasury markets have sure been on a wild ride. With 10-year Treasury rates hovering between 0.5% and 1.0% for the past year, rates have begun to surge. The 10 Year breached 1.5% today for the first time since Covid cases began to rise in early 2020. Bond Market As longer-dated bonds sold …
Bond Market Roller Coaster – Should We Be Worried? Read More »
