Jackson Hole and the 10th Anniversary from the Financial Crisis: QExit and Prospects
The central bankers’ conference in Jackson Hole, Wyoming ended last week, and with it several questions arose as we reached the 10th anniversary of the financial crisis started showing its ugly face. During that period a number of assets classes have more than...The Ataraxia (Tranquility) of the Market and Its Breath: Stoic, Epicurean, or Sceptic?
It has been well-recorded that the equity market’s volatility is pretty low by historical standards as the following 10-year graph shows. This kind of ataraxia (tranquility) may be the equivalent of the period when the Platonic and Aristotelian Schools of Thought were...Corporate Earnings, Equities Trajectory, and Risks: Considering the Purchase of Cheap Insurance
Over the course of the past several months we have reiterated the point that good growth earnings provide market justification for further rises in the equities market. We continue supporting that thesis and we still hold the view that future earnings for the next...Commodities, Volatility, and Cryptocurrencies: Some Initial Thoughts
Commodity prices usually follow long cycles. As the graph below shows, commodities enjoyed a good run from the early 1990s to the dawn of the financial crisis and recovered pretty quickly from the crisis, then experienced a downward trajectory for about five years...Market Signals, the Economic Cycle, and Enthymemes: Which Sectors Could Benefit?
We have written before that the financial stress index produced by the St. Louis Fed is a very reliable indicator regarding potential dark clouds in the economic and financial horizons. As can be seen in the graph below (updated as of the end of July), the index...Sign Up for Our Publications
