Is Volatility Awakening?
Written by Michael Lebowitz and Lance Roberts | Aug 10, 2023 | Daily Market CommentaryThe VIX volatility index calculates how much the options markets imply the S&P 500 will move ov...
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Treasury Auctions On Deck
Written by Michael Lebowitz and Lance Roberts | Aug 9, 2023 | Daily Market CommentaryThe U.S. Treasury will auction $38 billion of a ten-year note today and $23 billion of a thirty-yea...
> Read MoreMortgage Rates And Spreads Soar
Written by Michael Lebowitz | Aug 8, 2023 | Daily Market CommentaryIt's no secret that mortgage rates have risen sharply. They now stand above those seen on the eve o...
> Read MoreThe Employment Report Shows Normalizing Job Growth
Written by Michael Lebowitz and Lance Roberts | Aug 7, 2023 | Daily Market CommentaryThe BLS employment report showed that job growth has finally normalized to pre-pandemic levels. Per...
> Read MoreTINA Is Back But For The Bond Bulls
Written by Michael Lebowitz and Lance Roberts | Aug 4, 2023 | Daily Market CommentaryEquity investors used the acronym TINA to justify buying stocks at excessive valuations. TINA follo...
> Read MoreFitch Downgrades America. Does It Matter?
Written by Michael Lebowitz and Lance Roberts | Aug 3, 2023 | Daily Market CommentaryOn August 5, 2011, S&P downgraded the United States' credit rating to AA+. Almost to the day, t...
> Read MoreXOM Is Diversifying Well Beyond Oil
Written by Michael Lebowitz and Lance Roberts | Aug 2, 2023 | Daily Market CommentaryYesterday we learned that Exxon (XOM) is in talks with Tesla, Ford, and Volkswagen about supplying ...
> Read MoreKashkari Is A Moderating Hawk
Written by Michael Lebowitz and Lance Roberts | Aug 1, 2023 | Daily Market CommentaryIn last week's Commentary, Doves Versus Hawks, we stated: "There appear to be two camps emerging, t...
> Read MoreFlexible Japanese Monetary Policy Weighs On U.S. Bonds
Written by Michael Lebowitz and Lance Roberts | Jul 31, 2023 | Daily Market CommentaryTen and 30-year U.S. Treasury bond yields rose sharply, with their yields piercing 4%. The driver w...
> Read MoreDoves Versus Hawks. The Differing Views Propelling Policy
Written by Michael Lebowitz and Lance Roberts | Jul 28, 2023 | Daily Market CommentaryThe Fed has raised rates by 5.50% in a little over a year. For the most part, during that period, F...
> Read MorePacWest is Back in the Headlines
Written by Michael Lebowitz and Lance Roberts | Jul 27, 2023 | Daily Market CommentaryRemember PacWest? Following the demise of Silicon Valley, Silvergate, and Signature banks in March,...
> Read MoreLower Rates Limited Stimulus – The Feds Future Headache
Written by Michael Lebowitz and Lance Roberts | Jul 26, 2023 | Daily Market CommentaryOver the last thirty years, the Fed has relied on lower interest rates to pump the economy when it ...
> Read MoreTaylor Swift and The Swifties Are Pumping the Economy
Written by Michael Lebowitz and Lance Roberts | Jul 25, 2023 | Daily Market Commentary"Despite the slowing recovery in tourism in the region overall, one contact highlighted that May wa...
> Read MoreConsumer Borrowing Facing Headwinds
Written by Michael Lebowitz and Lance Roberts | Jul 24, 2023 | Daily Market CommentaryThe recent New York Fed Credit Access Survey report shows consumer borrowing is becoming more diffi...
> Read MoreAlbert Edwards Asks What on Earth is Going On?
Written by Michael Lebowitz and Lance Roberts | Jul 21, 2023 | Daily Market CommentaryAlbert Edwards of Societe Generale wrote a thought-provoking piece based on the graph below. He ask...
> Read MoreWill the Nasdaq Rebalance be a Nothing Burger?
Written by Michael Lebowitz and Lance Roberts | Jul 20, 2023 | Daily Market CommentaryOn July 24th, the Nasdaq 100 will reduce the weightings of its top seven holdings to try to better ...
> Read MoreAre The Treasury and Fed Managing Market Liquidity?
Written by Michael Lebowitz and Lance Roberts | Jul 19, 2023 | Daily Market CommentaryThe federal debt cap was lifted on June 3, 2023. The Treasury immediately flooded the markets with ...
> Read MoreEurope Is Facing Economic Stagnation
Written by Michael Lebowitz and Lance Roberts | Jul 18, 2023 | Daily Market CommentaryYesterday's Wall Street Journal led with a troubling article on Europe's economy. Their article, Eu...
> Read MoreMixed Bank Earnings Kick Off Q2 Results
Written by Michael Lebowitz and Lance Roberts | Jul 17, 2023 | Daily Market CommentaryEarnings season began with mixed results from three of the largest US banks on Friday. JPMorgan and...
> Read MoreAre Small Cap Stocks Next Up For a Rally?
Written by Michael Lebowitz and Lance Roberts | Jul 14, 2023 | Daily Market CommentaryThe Magnificent Seven (Apple, Amazon, Google, NVIDIA, Meta, Tesla, and Microsoft) have been on a te...
> Read MoreThe CPI Dilemma, Decoding Monthly vs Annual Inflation Rates
Written by Michael Lebowitz and Lance Roberts | Jul 13, 2023 | Daily Market CommentaryThe BofA graph below (right) is making the rounds on Twitter and causing investors quite a dilemma ...
> Read MoreAs Goes Bank Credit Goes GDP
Written by Michael Lebowitz and Lance Roberts | Jul 12, 2023 | Daily Market CommentaryThe US and much of the global economy are driven by bank credit. Since debt has grown consistently ...
> Read MoreThe Coming NASDAQ 100 Rebalancing
Written by Michael Lebowitz and Lance Roberts | Jul 11, 2023 | Daily Market CommentaryNASDAQ announced it will rebalance the NASDAQ 100 Index to "address overconcentration in the index ...
> Read MoreThe Labor Market Remains Hot
Written by Michael Lebowitz and Lance Roberts | Jul 10, 2023 | Daily Market CommentaryThe past week's labor market data continued to show strength. However, the week's data varied wildl...
> Read More5 Year Real Rates are Soaring
Written by Michael Lebowitz and Lance Roberts | Jul 7, 2023 | Daily Market CommentaryThe Federal Reserve closely follows how restrictive or easy its monetary policy is. While many indi...
> Read MoreAre Household Savings Still Driving the Economy?
Written by Michael Lebowitz and Lance Roberts | Jul 6, 2023 | Daily Market CommentarySince 2020, individuals and corporations have been provided significant funds from the government t...
> Read MoreLong Term Valuations Remain Hefty
Written by Michael Lebowitz and Lance Roberts | Jul 5, 2023 | Daily Market CommentaryOver the last three years, massive amounts of fiscal and monetary stimulus and irregular economic a...
> Read MoreIs Nike A Precursor of Weaker Earnings?
Written by Michael Lebowitz and Lance Roberts | Jul 3, 2023 | Daily Market CommentaryLast week Nike reported a fourth-quarter net income of .66 cents a share, down from .90 cents in th...
> Read MoreWill Second Half Performance Follow the First Half?
Written by Michael Lebowitz and Lance Roberts | Jun 30, 2023 | Daily Market CommentaryThe S&P 500 rose 13% in the first quarter, the third-best first-half-of-the-year performance si...
> Read MoreUninversion Not A Yield Curve Inversion Signals Recessions
Written by Michael Lebowitz and Lance Roberts | Jun 29, 2023 | Daily Market CommentaryOur most recent article, Treasury Yield Curves- Is This Inversion Different, explains why inverted ...
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