Numerous bond narratives are driving long-term bond yields higher. “Crippling deficits” and a...
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The Deficit Crisis Is Really A Recession Problem
The graph below provides a clearer understanding of the US fiscal deficit. First, focus on the red...
An ETF Like No Others: The Pudgy Penguin Project
The cryptocurrency sphere and that of traditional finance continue to merge in ways that were...
Sellers Outnumber Buyers In The Housing Market
The following commentary is from Redfin “There are 34% more sellers in the market than...
Sell In May And Go Away?
An old Wall Street adage advises investors to sell in May and go away. Given that we have just...
Bond Market Paradigm Shift?
Some bearish bond investors in Japan and the US appear to believe that a paradigm shift is...
Judges Trump Trump’s Tariffs
On Wednesday afternoon, the judges from the US Court of International Trade struck down some of...
Consumers Are Not As Gloomy
The Conference Board’s consumer confidence index surged from 85.7 to 98.0. Such was the largest...
Assessing Credit Spreads After The USA Downgrade
A reader of our Daily Commentary asked how we measure corporate credit spreads in light of the...
The EU And Apple Hit With Tariffs
After a bout of relative market tranquility, investors were rudely awakened Friday with a barrage...