It is somewhat hard to believe but oil prices are up nearly 90% over the past year. The past two times oil prices have increased this much year-over-year, US 10-year bonds rallied quite significantly. In 2008, oil was up over […]
What a quandary we’re in. Stocks have reached stupid valuations. It’s like Wall Street has, en masse, joined the ghost of Jim Jones down in Guyana for the Jonestown Kool-Aid Reunion — and that’s gonna end badly for anyone who […]
Something is brewing in the economy. Since the election of Donald Trump, interest rates have spiked, copper prices have surged, and various sectors of the stock market have swung “bigly” on speculation of what “Trumponomics” will bring. Donald Trump Scores […]
2016’s Bond Market Rollercoaster In Charts Credit investors have been taken on a wild ride this year. From the lows after Brexit when $13 trillion of sovereign bonds traded at negative yields, to the Trump inspired bond sell-off, few could […]
Commercial traders are net long more bond contracts than at any point since 1992 other than in the spring/summer of 2005 according to the latest data from the Commodity Futures Trading Commission. They were a bit early in 2005 but ultimately 10-year […]
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When the Federal Open Market Committee finally raised rates to the 0.25% to 0.50% last December, it was the first time in seven years. Indeed, the fact that we just quote those minuscule rates and a range instead of fixed […]