FedEx reports Tuesday, March 17th, 2020 after the closing and my guess is the Irish Eyes won’t be smilin’ on Beale Street as the Transport giant continues to get kicked right in the teeth with “macro” developments and the Covid-19 … Continued
Reading the headlines this week around the 800 point drop in the Dow, which was the largest point drop ever in one day, but – I think the source was Charlie Bilello at Pension Partners – who noted that in … Continued
Bernie Schaeffer’s – Schaeffer’s Investment Research – “Despondent Survey” is at an interesting level: From talking to clients and reading comments on Seeking Alpha, most are still bearish on “expected forward returns” for the SP 500, and to me … Continued
Talking with my yoga instructor this week about the market – she does one-on-one yoga sessions with many CME traders and hedge fund types – and while explaining I really wasn’t a trader for my clients, but more of a … Continued
Dr. David Kelly and his team at JP Morgan put together one of the best research and market / economic summaries on the Street (published quarterly) and that is the JP Morgan “Guide to the Market” (GTTM). The above … Continued
The Financial sector is one of client’s overweights and it’s lagged the SP 500 badly all year. Up just 2% YTD, versus the roughly 8% total return for the SP 500, banks and brokers have been pretty punk, with the … Continued
Looking at all the data this past week, the metric that jumped out was the 15 basis point climb in the 10-year Treasury yield from 2.85% to 3% even as CPI came in softer-than-expected. Thomson had Oracle reporting this past … Continued
With next weekend being the anniversary of the Lehman bankruptcy, this coming week the financial media will likely be flooded with stories, recollections, “the wisdom of hindsight” type of reflection (and it’s starting already), that is helpful in not repeating … Continued