We have been talking for some time about why a long bond position makes sense. The exuberance today says to us, time to get your money out of the bond market. We continue to like gold, and are moving the…Continue Reading →
What if the real story is: Over the past 9 months the interest rate markets did their job of forecasting an economic downturn by flattening the yield curve. The FED is now trying to play catch up by steepening the…Continue Reading →
The manipulation of the markets has reached unprecedented levels it seems, and probably was to be anticipated. Two charts here kind of show the picture. First an update of our long standing Fracture Chart. Powell’s comments on the possibility of…Continue Reading →