Monthly Archives: March 2019

Newton’s Q1 Law Of Motion For The S&P500

Newton’s three laws of motion may be stated as follows: Every object in a state of uniform motion will remain in that state of motion unless an external force acts on it. Force equals mass times acceleration. For every action, there is an equal and … Continue reading

Posted in Equities, Equity, Uncategorized | Tagged , | 1 Comment

Stare At The Clouds Long Enough And… Yikes!

As the saying goes, “if you stare at the charts long enough, you can see any pattern you what to see.” We weren’t even staring but spotted this cloud pattern last week. It looks similar to only a pooh bear, … Continue reading

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Quarter In Review – March 28

Summary Big bounce in all assets after the Q4/December downdraft Global bond yields way down on global deflation panic as $11 trillion in global bonds now have negative yields The Power of Zero (yields) has driven stocks up with China … Continue reading

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Sector ETF Performance – March 29

We will be phasing out free rider access to the Sector ETF Performance during our website overhaul to take place over the next month.  Contribute by clicking on donate widget on the right-hand side of the website.   

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Global Risk Monitor – March 29

We will be phasing out free rider access to the Global Risk Monitor during our website overhaul scheduled to take place over the next month. Contribute by clicking on donate widget on the right-hand side of the website.   

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BFTP: On Brexit

BFTP = Blast From The Past BREXIT ain’ gonna happen.  The political extremes on both ends have “woke” the sleepy and complacent middle, women, and the young – GMM, October 19, 2019 The March 29th exit date has come and … Continue reading

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IMF Analysis Of Nafta 2.0 = Potemkin Trade Deal

Summary IMF published a working paper on NAFTA 2.0 or the USMCA on March 26th The trade deal still needs Congressional approval The impact on GDP is negligible and the effects are relatively small at the aggregate level Trade is … Continue reading

Posted in Mexico, Trade War, Uncategorized | Tagged , , | 3 Comments

Permabulls For The Long Run

  I once heard the late, great financial economist Stephen Ross speak at a Lehman Brothers bond conference in Sun Valley, Idaho.  He opened his presentation with a short story about how investors would approach him and ask, “if you’re … Continue reading

Posted in Equities, Uncategorized | Tagged , | 8 Comments

Week In Review – March 22

Summary Big move in 10-year yields fueled by dovish Fed and ugly German economic data German 10-year Bund yields crossed into negative territory Turkey and Brazil bond yields blow out on currency weakness and Brazil’s political risk we spoke about … Continue reading

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QOTD: More On Moore

QOTD = Quote of the Day Memo to Senate: Just Say No …today the president nominates Stephen Moore to be a Fed governor. Steve is a perfectly amiable guy, but he does not have the intellectual gravitas for this important … Continue reading

Posted in Economics, Fed, Monetary Policy, Uncategorized | Tagged , | 2 Comments