March 3, 2021
March 3, 2021
Gold Still Attractive as the Bond Selloff Looks Overdone
March 3, 2021
Buy The Dip & Bank RRR Cut Speculation Lead to Spectacular Day
Asian equities had a strong day as China, Hong Kong, India, and Thailand all outperformed. By far the most important catalyst for Mainland China and Hong Kong overnight was a report that banks’ reserve requirement ratio (RRR), the amount of deposits they need to hold, could be cut for regional banks, which would free up cash for lending.
March 3, 2021
Fiscal Spending Could Cause a U.S. Growth Spike – Compounding Investors’ Concerns on Inflation
While a period of above-target inflation has become more likely, in our view, the likelihood of a self-reinforcing inflationary process similar to what happened in the 1970s is still relatively low.
March 3, 2021
Jobs on the Mind as Rates Creep Back Up
Monday’s strength, as glorious as it was, clearly got a little ahead of itself. U.S. benchmarks struggled to hold gains at key technical levels Tuesday before slipping into settlement.
March 3, 2021
The Fed Mutes The Messenger
March 3, 2021
Market Outlook: Mar. 3, 2021
Following a bounce to “lower highs” overnight in stocks, we’re right back down where we closed yesterday. US ADP Employment was released this morning printing 117K vs 200K exp private payrolls released.
March 2, 2021
The Only Thing We Have to Fear…
March 2, 2021
Beta or Quality?
March 2, 2021
Vaccines Pave the Way For ‘Normal Life’ to Re-Emerge in Israel
As Israel leads the way in COVID-19 vaccinations, events such as concerts and theater performances return after an 11-month ban.
March 2, 2021
Not-So-Secret Admirer
Berkshire Hathaway reported its fourth-quarter earnings over the weekend, and it looks like Warren Buffett’s investment conglomerate is its own biggest fan…
March 2, 2021
Feeling A Little Sheepish — But Only A Little
It will be interesting to see if yesterday was the high watermark for the week for the major indices. It’s possible given how strong the gains were.
March 1, 2021
When Will the Steepening Stop?
March 1, 2021
Rally in the Alley
March 1, 2021
Bond Market Making Some Noise
March 1, 2021
Weekly Market Recap: Mar. 1, 2021
March 1, 2021
Economic Update: Mar. 1, 2021
January headline and core PCE rose 0.3% m/m, both up 1.5% y/y. Headline CPI rose 0.3% m/m and core CPI was flat in January, both rising 1.4% y/y.
February 26, 2021
Putting Inflation Concerns in Perspective
In this episode of Franklin Templeton’s “Talking Markets” podcast, they discuss interest rates, deficits, inflation concerns, commodity prices, rising US Treasury yields, and the global rollout of the COVID-19 vaccine.
February 26, 2021
Market Corrections Are Tears in The Rain, Week in Review
Asian equities were taken to the woodshed overnight. Yesterday’s US Treasury yield spike reminded me of the 2013 taper tantrum when Ben Bernanke said they were thinking of slowing quantitative easing.
February 26, 2021
Would A P/E Mean-Reversion Be Painful or Benign For Stocks?
February 26, 2021
Why Asian Local Currency Bonds Look Appealing in A World of The Zero
February 26, 2021
The Queen’s Gambit Declined
The game of chess shows us that there are reasons why declining to take a particular position today may actually offer better long-term prospects for portfolios, and a higher probability of winning the long game.
February 26, 2021
The Pain Threshold Has Been Tapped
The pain threshold has been tapped and U.S. benchmarks are taking it in stride. The move in rates, particularly the 10-year Treasury Note out above 1.5%, has weighed heavily on risk-assets this week.
February 26, 2021
Keep A Close Watch on Interest Rates
Currently, the S&P 500 futures are up 15 points and are trading 0.4% above fair value, the Nasdaq 100 futures are up 116 points and are trading 1.0% above fair value, and the Dow Jones Industrial Average futures are down 29 points and are trading slightly below fair value.
February 26, 2021
Webinar – Small Exchange – How to Pairs Trade with Smalls
February 25, 2021
