Weekly Market Update
Market Action Global equities were little changed on the week. The same held true for interest rates, with the yield on the 10-year US Treasury note rising two basis points to 2.52%. The price of a barrel of West Texas Intermediate crude oil fell $1.50 to $62.00 while...
Crossroads: At the Intersection of Geopolitics and Geoeconomics
Here are some critical issues to watch around the globe over the coming month: North America The United States Department of Justice released a long-awaited, lightly redacted report by Special Counsel Robert Mueller on Russian interference in the 2016...
Very Short Reflections on Value
We invite our readers to watch this video which is wonderfully done. Euro Banknotes - Made to Last And now our simple and humble questions: How about fire? Would ever anyone offer €110 for €100 bill? If the answer to those questions is problematic, then what is the...
Weekly Market Update
Market Action Global equities rose on the week, underpinned by better than expected earnings reports, particularly in the United States. The yield on the US 10-year Treasury note declined to 2.50% from 2.56% a week ago while the price of a barrel of West Texas...
Market Records in the Midst of a Maturing Credit Cycle: How Would Cicero React?
The S&P 500 as well as the Nasdaq hit record highs on Tuesday. What’s next? Can we answer that question without considering the surrounding context and especially the stage of the credit cycle? Cicero used to say that context shapes decorum and the latter,...
Weekly Market Update
Market Action Global equities increased slightly on the week. The US 10-year Treasury note rose to 2.56% from 2.50% last week, while the price of West Texas Intermediate crude oil declined slightly to $63.60 a barrel. Volatility, as measured by the Chicago Board...
Echoes from the Riviera of Purgatory: Investing for the Future
“China is in deep trouble”; “China is recovering” “All hell is breaking loose with the trade war”; “We are very close to a trade deal” “Brexit on March 29th”; “Brexit is postponed” “Modi’s chances of reelection have been reduced significantly”; “Modi is expected to...
Weekly Market Update
Market Action Global equities rose this week while the yield on the US 10-year Treasury note rose 6 basis points to 2.55% on signs of a stabilizing global economy. The price of a barrel of West Texas Intermediate Crude oil rose $1.50 to $64.15 amid supply disruptions...
Weekly Market Update
Market Action Global equities were higher on the week; so too were yields on the 10-year US Treasury note, which rose to 2.49% from 2.42% a week ago on signs of economic stabilization in China and continued hopes for a resolution of the US-China trade standoff. Oil...
The Bond Market and Investors’ Assertiveness
On March 28, the 10-year Treasury’s yield dropped to 2.34% due to exaggerated fears of an imminent recession. The drop in rates in the first quarter of this year (see graph below) and the inversion of the yield curve has created opportunities in both equities and...
