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...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...Contemplating a Market Reversal: The Importance of Hedging
Just after the market closed on Tuesday, Federal Express issued an earnings warning. Specifically, it reported declining international revenue and blamed it on deteriorating macroeconomic conditions and weaker global trade prospects. If Micron Technology too misses...Anti-Epics, Brexit, and Market Outcomes: A Mark of an Epic Misconception and Mismanagement
Homer is the classical epic. Virgil is the epic of Rome. Sirat Bani Hilal is the Arabian epic. Dante is the epic of Christendom. Milton is the epic of the Renaissance. Luther is the epic of the Reformation. Robespierre is the epic of Terror. David Cameron and Theresa...Emerging Markets Developments and the Growth Trajectory
Just a couple of days ago, the Chinese authorities announced that growth this year is expected to range between 6-6.5%. A number of publications pointed out that this is the slowest growth rate in a couple of decades, but our opinion is that it is pretty healthy under...Sign Up for Our Publications
