by John E. Charalambakis | Apr 25, 2019 | Commentaries, Uncategorized
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,...
by Laura Hochstetler | Apr 20, 2019 | Uncategorized, 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...
by John E. Charalambakis | Apr 17, 2019 | Commentaries, Uncategorized
“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...
by Laura Hochstetler | Apr 13, 2019 | Uncategorized, 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...
by Laura Hochstetler | Apr 6, 2019 | Uncategorized, 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...
by John E. Charalambakis | Apr 4, 2019 | Commentaries, Uncategorized
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...