“Mind you, while that number wasn’t exactly diminutive, it had taken all of 188 years to accumulate. That is to say, Uncle Sam had borrowed an average of $28,000 per week during the 9,776 weekssince George Washington was sworn in as the nation’s first president.”
Category: S&P 500
Fly Me To The Moon.
I was told Icarus would be unleashed.
When Are Bond Yields ‘Kryptonite’ For Stocks? The Debate Rages On…
“Clients and colleagues are asking if there’s a magic interest rate that’s kryptonite to stocks; is it 3.0% or 3.5% on the 10Yr Treasury?”
David Stockman Compares ‘This Time’, To Last Time And It Actually Is ‘Different’
“In that cyclical context, the historic record leaves little doubt about the foolishness of pricing the stock market at peak PE multiples during the final innings of the business cycle.”
Wait, What?
If you don’t have a sense of humor, the market’s reaction to the Fed minutes was probably pretty frustrating for you.Â
‘The Truth Is, We Don’t Know’: What Is The Line In The Sand For Bond Yields?
Well, the debate around what the number is for 10Y yields has devolved into a veritable obsession for markets at this point.Â
Welcome Back!
The win streak is over.
Corporations Are Buying The Dip, So What The Hell Is Your Excuse?
Don’t worry, you can always lean on the price-insensitive corporate bid.
‘Savor The Moment’ Because February’s Selloff Was ‘An Appetizer, Not The Main Course’
There you go. Lots of “bummers” on the horizon. So you know “savor” the moment, because…
Get Ready For ‘More Pain’ Trader Says, As Yields Rise, Stocks Fall, U.S. Traders Return
But hell, you never know these days. U.S. investors are a funny bunch and they’re prone to defying common sense when it comes to piling in for absolutely no reason whatsoever.
‘As Far As I’m Concerned, It’s Just Speculation’: Full Week Ahead Preview
“Right away, you’re ready to sell it.”
In My Experience, Getting Drunk With Political Scientists Is Safer Than Getting Drunk With Economists
Two economists walk into a bar…
I Bet You Care About The Bond Market Now, Don’t You?
Funny what losing $3 trillion will do.
‘I Suppose You Think You Raised Hell’
“When I’ve raised hell you’ll know it.”
Robert Mueller Indicts A Dozen Russians For Defrauding America
MUELLER’S OFFICE SAYS NONE OF THE RUSSIAN DEFENDANTS IN CUSTODY
So I guess Trump is still President. Oh well.
Here’s A Fun S&P Corrections Flow Chart
If you try hard enough, I have no doubt you can find plenty of confirmation bias in there to support your penchant for loading up some more headed into the weekend.
Only ‘Odd-Balls’ Think Low Vol. ETFs Are Vulnerable During A Tantrum, Says Guy Running Low Vol. ETF
“…when you look at any given day or week, you see what appear to be odd-ball circumstances.”
Goldman’s Buyback Desk Went Nuts During Selloff, But It Wasn’t Enough…
Whatever the case, it looks like Goldman’s buyback desk isn’t enough to stop the bleeding in an acute situation…
‘You’re Going The Wrong Way!’
“Oh, they’re drunk. How would they know where we’re going?”
Futures Plunge, Yields Spike As CPI Fears Realized
Well there you go folks.Â
Market Correction: Lessons From 2006
If you’re looking for some confirmation bias for your still-bullish outlook…
Die Another Day.
So the real drama (if there proves to be any) will come tomorrow.
Trader: ‘I Don’t Know How Else To Say It – It’s Different This Time’
“As I struggle to find the words to communicate my thoughts, I worry they will be misconstrued. Yet I don’t know how else to say it – except to blurt it out. So at the risk of being labeled a fool, here it goes - it’s different this time.”
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