1,313 results found
Financial Planning
Richard Rosso, CFP shares his recommended reading list for 2021. A solid library of literary insight can lead to more prosperous financial results.
Daily Market Commentary
The two graphs below tell us the market was petrified on Monday and willing to pay exorbitant prices for hedging protection. Unlike prior downdrafts, fear wasn’t just expressed in sentiment and words but also by remarkable heading action. As we share below, the hedging activity was nearly off the charts. The graph on the left, […]
Daily Market Commentary
CLICK HERE for a short video on the state of the markets and yen carry trade. Weak employment data, the simmering Middle East, election jitters, and many other factors are taking the blame for rattling the markets. Those are important issues, but the infamous yen carry trade is the culprit. How do we know? Some […]
Daily Market Commentary
This past weekend’s Newsletter discussed how yield curve un-inversions have an excellent track record of predicting recessions. Another historically reliable indicator of recessions is weakness in the corporate credit markets. In mid-July, we highlighted a troubling divergence between the best and worst-rated junk bonds in our Daily Commentary, The Credit Widening In The Coal Mine. […]
Daily Market Commentary
As the election nears, investors will become more anxious about how the market may react to each candidate and their campaign promises. Accordingly, we suspect that shifting polls will breed volatility. Moreover, with President Biden dropping out of the race, this presidential election is unique. Below, we share and discuss two charts to help guide […]
Daily Market Commentary
Yesterday, McDonalds issued a health warning in their earnings announcement. The warning is not about the physical health of its consumers but the customers’ financial health. McDonalds global sales were down 1%, and U.S. sales fell by 0.7% in the second quarter. Moreover, as shown below, its same-store sales have fallen for the first time […]
Daily Market Commentary
Copper is often called Doctor Copper as its price serves as an economic barometer. Before Friday, Doctor Copper was down for nine consecutive days. In the first five months of the year, copper prices rose by 38% as inflation stagnated, worrying the Fed that it could start a new upward trend. In reaction to stubborn […]
Daily Market Commentary
In a stunning reversal of opinion, ex. New York Fed Governor Bill Dudley now calls on the Fed to immediately cut rates. In a Bloomberg article titled I Changed My Mind. The Fed Needs To Cut Rates Now, he states: “I’ve long been in the ‘higher for longer’ camp…The facts have changed, so I’ve changed […]
Invest
As we shared in a recent Daily Commentary about interest rates: The current unemployment rate is 4%, and the core PCE inflation rate is 2.6%. In December 2019, the unemployment rate was 3.6%, and the core PCE was 1.6%. At the time, Fed Funds were 1.5%. Here we sit today, with the unemployment rate .4% […]