Category Archives: Economics

Weekend Reading: Lack Of Perspective

Written by Lance Roberts | Mar, 24, 2017

In this past weekend’s missive I wrote: “Speaking of low volatility, the market has now gone 108-trading days without a drop of 1% for both the Dow and the S&P…

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Echo Chamber

Written by Michael Lebowitz | Mar, 22, 2017

Since the U.S. economic recovery from the 2008 financial crisis, institutional economists began each subsequent year outlining their well-paid view of how things will transpire over the course of the…

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Weekend Reading: Just Buy Everything

Written by Lance Roberts | Mar, 17, 2017

On Wednesday, as I discussed yesterday, the Fed hiked rates and despite the fact that hiking interest rates further tightens monetary policy, thereby reducing liquidity to the markets, the markets…

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The Trump Range Chart

Written by Michael Lebowitz | Mar, 14, 2017

On the night of the U.S. Presidential election, many investment assets went from a state of sheer panic at the prospect of Donald Trump winning the election, to manic euphoria…

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Weekend Reading: All Eyes On The Fed

Written by Lance Roberts | Mar, 10, 2017

Next week the Janet Yellen and her minions are expected, with 100% certainty, to lift the Fed funds rate by another 0.25% to 1.00%. This certainty has been building as…

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Weekend Reading: Trump’s Rocket Ride

Written by Lance Roberts | Mar, 3, 2017

I have a simple question… If the rally in the market that began following the election was pricing in the expectations for tax reforms, repatriation, building the wall, and infrastructure…

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Weekend Reading: Errant Thinking

Written by Lance Roberts | Feb, 24, 2017

Last week, I penned a post entitled “You Can’t Time The Market?” which was subsequently picked up on the Seeking Alpha website. It is always interesting for me to read…

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The Sure Thing

Written by Michael Lebowitz | Feb, 22, 2017

The New England Patriots pulled off a stunning come-from-behind victory in Super Bowl LI, and one that was truly unprecedented in American football. Throughout modern NFL history, playoff teams that…

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Weekend Reading: Deja Vu

Written by Lance Roberts | Feb, 17, 2017

As discussed yesterday, the exuberance in the markets, as witnessed by the net positioning of large speculators, has reached records on both ends of the spectrum. Those extremes, combined with spiking…

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Fed Up – A Look Behind the Curtain

Written by Michael Lebowitz | Feb, 15, 2017

Danielle DiMartino Booth, a former Dallas Federal Reserve official, released a new book this week entitled Fed Up. The book, a first-person account of the inner-workings of the Federal Reserve…

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Weekend Reading: Fed Up

Written by Lance Roberts | Feb, 10, 2017

As discussed yesterday, the markets have been quiet. Too quiet. That makes me worry as generally when volatility resurfaces it has not been kind to investors in the short-term. But…

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The Lowest Common Denominator

Written by Michael Lebowitz | Feb, 8, 2017

The Lowest Common Denominator: Debt At a recent investment conference, hedge fund billionaire Stanley Druckenmiller predicted that interest rates would continue rising. Specifically, he suggested that, consistent with the prospects…

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Weekend Reading: And…It’s Only Week Two

Written by Lance Roberts | Feb, 3, 2017

As we conclude week two of the new Presidential cycle, it certainly has not been dull. The markets have started struggling with an Administration which is hanging up on heads of…

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