A ‘funny’ thing happened a month ago. The Treasury yield curve suddenly started to collapse… despite gains in stocks and positive economic data surprises… the question is, why? Here’s one possible reason why: Originally submitted by GovTrader, TL/DR: Tax reform creates pension fund incentive to buy 30yr bonds NOW. Currently, the top corp tax rate in the US…
Stocks Are Expensive The current market is expensive, but earnings momentum and global growth from the emerging markets are keeping the stock market up. The time the expansion has left is dwindling as the yield curve has been flattening lately. However, the last couple years of gains in a bull market are usually the highest,…
How much more depressing can these bearish watch-lists become? Yes, I still maintain one, but sometimes I do question the sanity behind doing so. Nonetheless, I think it is still important, because one day, this honeymoon between the market and the traders that trade in it, will end, and only the prepared will benefit from…
Below is an updated look at our asset class performance matrix showing total returns for ETFs so far in 2017. We also show total returns so far this month and in the fourth quarter. Aside from a few areas like the US Energy and Telecom sectors plus oil and natural gas, every other asset class on…
A Thanksgiving spread is not laid until the Turkey makes its presence felt on the table. Apart from the bird, another Turkey has been grossing investors’ attention this Thanksgiving. Yes, we’re talking about the country called Turkey. Let’s look at the investment odds surrounding this country right now and see why it’s not winning favor….
With three weeks of November in the rear view mirror and the signpost up ahead reading “Thanksgiving weekend next exit,” it is time, once again, for me to report my monthly buy(s) and look forward to tuning out all the financial headlines and noise, at least for a few days. As I always say, there…
The palladium price has not taken a break yet. Palladium is in a relentless bull market. The price of the silvery-gray metal soared in early 2016. The price more than doubled since then, and it shows little sign of slowing down. You can see what I mean in the chart below: Automobile demand is the sole…
On this day of lifetime highs on almost every important index in the world, I’m selling short high-yield bonds. Here are a couple of ETFs, each of which have vaulted over the past week to their respective topping patterns. Here’s high-yield fund JNK: Here’s the second, HYG:
Video Length: 00:01:12 The big four — Apple, Amazon, Facebook, and Google — have literally changed the face of the world economy, and are collectively responsible for creating a combined market capitalization equivalent to the GDP of India with a population the size of the Lower East Side of Manhattan. This, according to Scott Galloway,…
The Australian dollar outperforms its major counterparts, with AUD/USD at risk for a larger rebound as the Reserve Bank of Australia (RBA) gradually alters the outlook for monetary policy. A bullish engulfing appears to be taking shape in the aussie-dollar exchange rate as Governor Philip Lowewarns ‘that ‘it is more likely that the next move in interest…
