Is This A Bubble?
Stocks are expensive, but in and of itself, this isn’t necessarily a problem. As long as bond yields stay benign and there is no recession or other dramatic economic event, […]
Bond market’s recession warning is at odds with stock market near record highs
Stocks are near record highs, driven by surging tech shares, a sharp contrast with the bond market, where interest rates have been sinking on worries the economy just isn’t getting […]
PIMCO: 5 key policy areas will test markets over the next 5 years
Pimco analysts Richard Clarida, Andrew Balls, and Daniel Ivascyn cite “insecure stability” as a key factor that will affect policy decisions around the world. “Over our five-year secular horizon we […]
Dow 40,000!
A pundit argues that the S&P can double in five years, or sooner; we kick the tires of the reasoning behind this. One part of the argument seems actually reasonable […]
What Will Keep The Rally Going?
The market rally has stalled on diminished outlook for a Trump reflation and a surprising softening in US economic data. It’s understandable, given the length of the rally and the […]
Market Relief: Trump Turns Out To Be A Mainstream Republican
While we still await details and legislative proposals of the big Trump reflation, markets do have something to celebrate from the White House. There is increasing data subscribing the view […]
Meet The 3 Brothers That Are Ruining South Africa
South Africa enjoyed a period of solid economic performance in the decade up to the financial crisis. After that, things have deteriorated, and recent revelations have brought to light a […]
Is This The End Of The Trump Rally?
Have we reached the end of the Trump rally, at least for now? A good deal will depend on whether Trumpcare will pass the House on Thursday, as that will […]
Goldilocks Once More?
With the rate rise, both the stock market and the bond market rallied. Both markets seem to believe that the Fed is not behind the curve and inflation won’t be […]
Melt Up… What Is Really Driving The Epic Stock Rally?
The dominant opinion about what has caused the stock market rally is that it is expectations of a Trump reflationary package. But such package is likely to be a year […]