Interest rate markets are in a quandary, is the pressure on rates due to weak economic forces or FED manipulation. Inflation direction remains upward. The S&P Hedging model added another unit of short S&P at 4709 as the RSI is…Continue Reading →
Lance Roberts has done a good job of handling the markets over the past 18 months, while I have been stuck in the valuation analysis/inequality trap. Here is what he says now. Did The Fed Just Set The Stock Market…Continue Reading →
Today we see two things, 1) good numbers on employment and the 2) Taper Tantrum Task Force is all over the various bond markets, good job all around. Not much to analyze. The S&P Hedge Model added one more unit…Continue Reading →
Today the early trade seems to be a “Jerome Appreciation Celebration” as he appears to have convinced the markets yesterday that valuations don’t matter and all the players have to do is follow his cues. Has this turned into a…Continue Reading →
Zombie companies now in focus. HYG junk bonds, Mnuchin’s favorite charity, would appear to be feeling the effect of higher inflation and interest rates. HYG is taking a hit on the downside today.