Weekly Market Update
Global Market News Global equities slightly downGlobal equities were slightly down on the week. The US 10-year Treasury note was also little changed this week, yielding 0.62% at the end of the week. Though market volatility, as measured by the Cboe Volatility Index...
From Westphalia (1648) to Vienna (1815) and onto Paris (1919), Bretton Woods (1944), Camp David (1971) and the forthcoming Paradigm Shift: Part IV (final), Rebalancing of Power
In the second book of Aristotle’s Nicomachean Ethics we are confronted with a list of virtues and vices. In that table we read about andreia (courage), sophrosune (temperance), eleutheriotes (liberality), megaloprepeia (magnificence), megalopsuchia (magnanimity),...
Weekly Market Update
Global Market News Global equities slightly lowerThough the market rally continues, global equities were slightly lower on the week. The yield on the US 10-year treasury note changed little, coming to 0.61% at the close of markets on Friday. The price of a barrel of...
Alphabet Soup of Recoveries
“The three most important words in investing are margin of safety." - Warren Buffett There’s been an alphabet soup of hypothesized recovery patterns over the last two months as the economic consensus came to grips with the impending recession in the U.S. L, U, V, W...
Weekly Market Update
Global Market News Global equities make gainsGlobal equities made gains this week despite grim economic data reports. However, the yield on the US 10-year Treasury note dropped 11 basis points to 0.62%. The price of a barrel of West Texas Intermediate crude oil fell...
Balance of Power, Thucydides, Useful Idiots, & Covid-19: Part III, China and the Statecraft Dimension
“The admiration of the present and succeeding ages will be ours, since we have not left our power without witness…We have forced every sea and land to be the highway of our daring, and everywhere, whether for evil or for good, have left imperishable monuments behind...
Weekly Market Update
Market Action Global equities performed higher on the week as many hope the coronavirus pandemic is reaching its peak. The yield on the US 10-year Treasury note rose to 0.73%. On the other hand, the price of a barrel of West Texas Intermediate crude oil continued to...
Is the Covid-19 Awakening Undercurrent Threats and Underwriting a Paradigm Shift? Markets, Statecraft, and the Dollar: Part II, the Oil Dimension
OPEC+ was born in the midst of the last oil crisis about five years ago. It expanded the traditional cartel of 14 nations and included Russia, Mexico, Kazakhstan, and few other oil-producing nations, all of which now control about 55% of global production and about...
Weekly Market Update
Market Action Global equities were lower on the week and US Treasuries continued their fall. The US 10-year Treasury note fell 0.18% to 0.58%. The oil sector had a bit of a rally causing the price of a barrel of West Texas Intermediate crude oil to rise $5.50 to $27....
More Than a Virus: A Look at the Economy’s Fundamentals
The major U.S. stock indices just closed their worst first quarter in history. And yet it’s not hard to find plenty of optimism thanks to the rally seen last week where some equity indexes rose by over 20% of their lowest point. Morgan Stanley, earlier this week,...
