Looking at the “weekly” chart of the TNX, the CBOE 10-year Treasury Yield Index, Id say the 10-year Treasury yield is at a critical level. A trade much lower in yield toward 2% and I’d say that the uptrend … Continued
The big news this week was the Treasury market and the rise in yields, but more on that in a minute. With 488 companies having reported Q4 ’16 earnings already, there is little left to know, and instead we look … Continued
At a CFA Chicago lunch about a week ago, Charlie Evans, Head Fed-head at the Chicago Federal Reserve here in the Windy (and balmy) City, talked about how the Fed plans to shrink the $4.5 trillion Fed balance sheet down … Continued
Many of the pundits around today, probably don’t remember when the fed funds rate was 15%, the Prime Rate was 20% and the 30-year Treasury would fluctuate from 8% to 15% in one year alone, as it did in 1980. … Continued
Readers will kept abreast of sector changes and such over the next 6 weeks of the quarter, but really all eyes should be on 2017 SP 500 earnings estimates and the potential impact from not just personal tax rate reductions, … Continued
Jeff Gundlach, the “new” media-appointed Bond King in the last year, (and Jeff has made some good calls) who runs his own bond firm, DoubleLine Capital, was on CNBC yesterday (11/11/16) and weighed in on all things political, economic and … Continued
“One Guy” – listening to the Delivering Alpha conference this week with one ear, doing some spreadsheet work, I was really struck by the gloom and doom of just about everyone at the conference. It was depressing to listen to … Continued
Doug Kass, the famed author of “The Edge” column at Jim Cramer’s Street.com, and a noted bear who gave the bearish perspective on Berkshire-Hathaway the stock (BRKB), to Warren Buffett and Charlie Munger a few years ago at Berkshire’s Omaha … Continued
“Sometimes it is good to have reminders of the mistakes you’ve made.” Brian Bosworth, “The Boz”, ESPN’s 30-for-30 —————————————————————————————— If there is one trade that I haven’t done a good job for clients with off the ’09 low, it has … Continued
Friday morning, November 6th, Wall Street gets the monthly update on the job market as the October ’15 nonfarm payroll report is set to be released at 7:30 am. The last two jobs reports have been on the weaker side, … Continued