Rates and Bonds
Is the Fed Going Out of (Yield Curve) Control?
The Federal Reserve posted its June meeting minutes and a report on individual corporate bonds bought so far. Here's my take on both.
What Do You Call a Bear in the Middle of the Road?
That's me, right now, and here's how I'm positioning myself amid a host of uncertainties.
Here's How to Navigate the Great Debt Binge of 2020
The risks are likely different from what you've been told. Here's what you should be watching instead and how it could impact your investment decisions.
All Eyes Are on Fed's Corporate Bond Buying Scheme
But what can we expect from this program, what kinds of bonds should benefit, and is the Fed setting us up for disappointment?
Wondering About Raised Rates? Don't Even 'Think' About Asking
At least don't think about asking Fed Chief Jerome Powell. The Fed concluded its June meeting, and here are my takeaways.
The Fed Likes It Hot
The Fed believes that holding interest rates low will help get the economy burning but they could start rising, too -- so here's my take on the current situation and trades that make sense now.
Would a Common EU Bond Give U.S. a Run for Its Money?
The European Union has unveiled a historic proposal to fund fiscal stimulus through a common bond issuance, and it could mean real competition for the U.S. Treasuries.
The Fed Isn't Going Negative, and Isn't Trying to Bail Out Losers, Either
Those chasing returns in credit need to be aware of what the Fed is and isn't trying to achieve, so let's dig in.
The Market Will Have Its Moment of Reckoning
As we look at why the S&P 500 is stuck in its narrow range, we see every retail investor and trader chase the same basket of names higher, edging closer to a technical point where the market could lose its support.
Making Sense of These 3 Big Headlines of the Week
Here's my take on the Fed's corporate bond ETF buying, Germany's ruling on quantitative easing and the Treasury's decision on new bond sales.
Don't Let Sleepy Fed Meeting Fool You
This is a game in which Jerome Powell & Co. have played their turn, and now await their opponent's move; also here are the bonds to own now.
Now, the Fed Catches 'Fallen Angels,' Too
The Fed has made three big changes to its corporate bond-buying program, and here's my take what the controversial moves mean.
Team, We Are in a Heck of a Jam
But as jobless claims explode while the coronavirus takes its toll, we have heroes at the nation's hospitals and heroes delivering packages and stocking shelves, and we have possibly the greatest Fed ever.
March Minutes Offer Window into Fed's Thinking
Is there a fear of inflation? Is there a chance to go negative? What's next? Here's what we can conclude from the body's own words.
Know These Plots and Characters to Guide You as This Drama Unfolds
As the Covid-19 crisis takes its toll on our people and economy -- and the world's -- we must break things down as simply as possible to see what's happening.
Bonds: We Are in a Brave New World
Given recent actions, the way we view fixed income may be changed forever.
I'm Dusting Off My Old Playbook for Bonds Right Now
After a strong day for fixed-income markets, let's learn from 2008 how to play this volatility.
Next Up: How Do You Contain the Dollar Virus?
A U.S. dollar that is rising in value against most other currencies is creating a huge problem for a world inundated with dollar-priced debt.
We Can Fix the Liquidity Crunch, But Can't Avoid the Economy Crunch
Action in a lot of these other securities only makes sense if there is a liquidity squeeze going on.
When One Domino Falls, It Takes the Entire System Down
These are not investable markets, yet. Wait it out, the damage is beyond a small fix now.
Fed's Latest Actions Scream Why Markets Have Lost Faith in It
Dramatically slashing interest rates to zero and promising huge asset purchases are instilling fear, not confidence, in market participants.
Equities Would Do Well to Listen to What the Bond Market Is Saying
And the bond market isn't saying encouraging things just now.
Fed Cut Begs the Questions: Why a Half Point and Why Now?
Let's break down the move and what it could mean -- and what the Fed just won't be able to help as the coronavirus spreads.
Why Downside Risk Has Increased After the Fed Cut
The psychology of the market will be quite different now as news hits.
Pfizer Has an Attractive Dividend Yield, but What Do Its Charts Reveal?
Here's how we would play shares of the pharmaceutical giant now.
Not Quite a Victory, but the Rally Feels Like a Win
Both the Dow and the S&P are still under where they were last Wednesday, despite the bounce.
When China Sneezes, the U.S. Will Catch a Cold
The market is all about technicals now. The real buying will only come once the virus is contained or Fed goes all in, as China seems to be willing to do so at all costs.
Economies and Markets Are Adapting to the Environment: Market Recon
I want you to write down what I always tell you, and post it somewhere where you can see it when you need it: Understand, Identify, Adapt, Overcome, and Maintain.
Where to Put Your Money? Bonds Still Look Good Here
Every minute detail and data point is misinterpreted to paint a positive picture for stocks.
Let's Unpack the Recent Downgrades to Junk
Kraft Heinz, Macy's and Renault have all recently been downgraded, and now the question must be asked: Is this the start of something bigger?