Plus, pining for the days of thoughtful price discovery in the markets.
Only because of the incessant brainwashing of individuals by an industry with a bias toward indexing do we have this attitude that stocks are one and the same. They are anything but.
Markets are at risk of ongoing balance sheet and risk reduction, where both stocks and bonds do poorly.
Let's face it, the numbers aren't great and the trend is bad.
Bonds are an interesting trade right now.
Thoughts on the ISM, trade, Friday's key job report and how to play it all.
Cracks are appearing in some high-beta parts of the market, and a few recent initial public offerings have been pulled or haven't fared well after issuance.
Who was speaking to the strength of the U.S. Treasury Department's auction of $32 billion worth of 7 Year Notes as a driver for equities through Thursday afternoon?
it seems that consensus is to interpret anything that can be viewed as bad, as actually bad, and anything that could be good, as an aberration that will soon become bad.
Like central bankers, the equity markets seem oblivious to weakening global economic conditions that indicate a recession already is here.
The Fed Chair's statement is such a mass of self-contradiction and obfuscation that it is no wonder his colleagues are deserting him.
The Fed as a group isn't completely sold on another cut yet.
Plus, here's a strategy for investing in oil that even the retail investor can employ.
There doesn't seem to be any particularly fundamental reason for bonds to weaken to such a degree.
Here's the way you have to approach this market.
Take advantage of the NIRP-induced carry trade with this options trade.
A Minsky moment is when excessive speculation leads to excessive demand for credit and excessive leverage.
I'm playing for the move down to 1% or 0.50% and earning yield while I wait.
The Fed also finds itself under pressure amid indications of a slowing U.S. economy
The bond market has no single-source indicator like the S&P 500, but looking at a variety of indexes, 2019 has been a terrific year.
Let's look at a number of charts to get some perspective on this investment arena.
Bonds got ahead of themselves and there were number of factors at work.
There are two big reasons why the odds of Treasuries moving higher from here are dismal.
Following ex-Fed board member's advice would actually give President Trump reasonable cause to fire Powell and politicize the bank even more.
In the near term, I think bonds are way overdone.
There is no real connection to the economy right now because of globalization.
I start this week in risk-off mode and want to sell every rally in risk.
Literally at the same time Powell was speaking, trade tensions were ramping up.
The Fed Chair's address this day will move markets. This we know.
My advice after diving into the 15-page document: Tighten your exposure to stocks, and don't even consider selling your bonds.