146 results found
Newsletter
U.S. markets surged on Friday, setting new all‑time highs for the S&P 500 and the Nasdaq Composite as investors cheered a cooler‑than‑expected inflation print (CPI for September at 3.0 % vs ~3.1 % expected).
Economics
Recently, MarketWatch ran a provocative headline: “When the world’s largest asset manager and the Bond King both agree: Run to gold, silver, and bitcoin.” The article highlighted how Larry Fink’s BlackRock and Jeffrey Gundlach, often dubbed the “Bond King,”
Daily Market Commentary
Not only is the market chasing the most speculative of assets, but it is employing record amounts of leverage to do so. Traditionally, investors use margin loans to gain leverage. More recently, however, leveraged ETFs allow investors to get leverage in one package. To wit, the graph below, courtesy of BofA, shows that there are […]
Invest
The recent market crack certainly woke up the more complacent bullish investors. Of course, the complacency was warranted, given the recent market surge, conversations about “TINA” (There Is No Alternative), and how “this time is different.” But that is what a speculative bull run looks and feels like. However, deep inside, you know there are […]
Daily Market Commentary
On Tuesday morning, Bloomberg published an article titled “The Great Debasement Is Rippling Across Markets.” From the start of the year until its low in the middle of September, the US dollar index fell by nearly 15%. The weak dollar seems to fuel the debasement narrative, benefiting a few asset classes. The most obvious assets benefiting […]
Daily Market Commentary
Last Friday, the cryptocurrency market experienced a violent crash. The trigger was President Trump’s announcement of a 100% additional tariff on Chinese imports. The sudden and unexpected action reignited fears of a full-blown trade war. Global risk assets fell sharply. Of these, the most notable declines occurred in the cryptocurrency markets, particularly the altcoin market. […]
Newsletter
The market crack on Friday resulted from a defensive move as geopolitical stress, trade rhetoric, and political dysfunction triggered a sharp reversal in sentiment. After trading relatively flat most of the week, the S&P 500 fell 2.7% on Friday, wiping out earlier gains and ending the week in the red. The late-day selloff was triggered by unexpected comments from former President Donald Trump, who called for a sweeping escalation in trade restrictions against China, including 100% tariffs and export controls.
Daily Market Commentary
According to The Wall Street Journal, on an inflation-adjusted basis, technology companies have spent more in the last three years on data centers, chips, and energy than has been spent over the past forty years building out the nation’s interstate system. The massive amount of investments being put to work is stunning. But the Wall […]
Daily Market Commentary
In Monday’s Commentary, we alerted readers that the dollar could be setting up for a reversal higher. Furthermore, we noted that if such a turn comes to fruition, some investors may encounter surprises. To wit: As such, investors should examine their portfolios for risks that have developed with the reversal of the previously overbought dollar, to […]