Rates and Bonds
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?
Here's Why We're Focused on Higher Quality Bonds
We're also focused on buying bonds that can survive a bad downturn. This gives us a game plan going into a recession.
What's the 'Right' Level for Treasury Bonds?
In some scenarios, the 10-year is actually cheap at 1.65%; here's why.
4 Key Takeaways From the Latest Fed Meeting
What the central bank said and hinted about rate cuts, inflation, repo lending and the coronavirus.
Brace Yourself for the Looming Junk Bond Deadline
As the debt markets sit in a moment of complacency, here's why you should check the balance sheet rundown on each stock you own.
Here's Why I'm Turning Bearish on Stocks and Risky Credit
But I still see one area of stocks that should outperform.
Kass: 5 Big Surprises That Could Impact Markets in 2020
Surprises in the political arena and in corporate profitability are my most important deviations from the consensus.
Market Melt-Up Appears the Mantra for Now
There are multiple reasons to be wary of the market at these levels, and to be concerned about potential of rising inflation.
This Won't Be the Fed That Slays the Bull Market
Clinging to outmoded ideas of what is 'normal' and even what is 'low' will prevent you from seeing just how hands-off this Fed really is.
What We Learned From the December FOMC Minutes
The Committee members seem to be cautiously optimistic, and this fits well with their decision to keep rates on hold.
Don't Trash Junk Bonds: There's a Logic Behind Winning Their High Yields
Investing in these bonds requires a counter-intuitive approach, and reframing how you look at risk.
'Uncertainties' Out of Way, but Fed Hike Still Unlikely
The Federal Reserve left rates alone, but don't miss these subtle signals coming from Wednesday's statement.
A December to Remember: A Look at Fed Action from Last Year
Let's look back to a year ago this month, when most investors saw volatility and a lack of liquidity; and then turn to now, as the tariff deadline looms and the VIX vs. VIX futures gap widens.
Fed Minutes Offer Clues on Possibility of Dec. Rate Cut
It appears that an overwhelming amount of bad news would be needed for the Fed to cut in December, but 2020 is a different story.
Trade Is Reaching an Inflection Point
I see two ways the trade talks can play out from here, and how the effects of each will ripple out into the global economy.
Kass: The Market's L-I-B-I-D-O Is in Overdrive
But is this market's insatiable drive to be trusted?