If you went panic chasing into stocks following Jay Powell’s ‘ready to act’ speech on June 4 on the expectation for imminent rate cuts you just got thrown a curveball: Economic data […]
If we look at these charts, it looks like only the top 10%, or perhaps the top 20% at best, might qualify as “middle class” by the metrics described below.The conventional definition of working class is based on income and education:the worki…
Once you realize negative yielding sovereign bonds aren’t investments, they are balance sheet tools for global banks, things start to fall into place. I had the honor to chat with the fellas at Grant’s Interest Rate Observer. In a world where stocks are the media kings it’s good every once in a while to talk […]
There are many market charts to track and most headlines are focused on the $DJIA, $SPX and $NDX, but there are other key index charts of interest, especially at this time. I […]
As noted earlier this week, the world’s two big hopes for the global economy in the second half are pinned on the US labor market continuing to exert its purported strength and Chinese authorities stimulating out of every possible (monetary) opening. Incoming data, however, continues to point to the fallacies embedded within each. The US […]
Inflation always brings out an emotional response. Far be it for me to defend Economists, but their concept is at least valid – if not always executed convincingly insofar as being measurable. An inflation index can be as meaningful as averaging the telephone numbers in a phone book (for anyone who remembers what those things […]
Short term interest rates have fallen sharply in recent weeks. Wall Street says that falling interest rates mean the economy is weak. Therefore the Fed…
The Composite Liquidity Indicator remains near a record extreme, and that’s scary. Here’s what you need to know. Click here to download the report (Subscribers…
New York | This week we announce the publication of The IRA Bank Book for Q2 2019, a publication of The Institutional Risk Analyst. In this issue we ask some important questions, including:** Why is Capital One Financial (COF) a better comp for Citigroup (C) than JPMorganChase (JPM)? ** Why are loss rates for real estate exposures of US banks moving back into positive territory? ** Will funding costs for banks continue to rise even as long-term Treasury yields fall dramatically? ** And just when
In technical analysis one always searches for actionable patterns. The biggest mistake people make when applying TA is they see potential patterns and treat them like they’re valid. Now mind you there’s […]
