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...
Weekly Market Update
Market Action Global equities rose on the week as interest rates rebounded from their recent lows in developed markets. The yield on the US 10-year Treasury note fell to 2.40% from 2.44% a week ago having fallen as low as 2.35% on Wednesday. The price of a barrel of...
Brexit and the Grim Picture Unfolding in the Midst of Rising Risks: The Berthe Morisot Dimension
This Friday, March 29th, was supposed to be the day of Brexit. The earliest possible date for Brexit has now been pushed back to April 12th. Over the course of the next few days as many as seven options may be put to test in the British Parliament, namely: - PM May’s...
Weekly Market Update
Market Action The Mueller report was delivered to the US Attorney General early evening hours yesterday. Depending on its findings it could generate market turmoil next week. Global equities fell this week, undermined in part by concerns over slowing global growth....
