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Newsclips
Quick Comments/What We’re Reading
October 8, 2020
Today's topics include bonds responding to odds of a Democratic sweep?, 2016 vs. 2020, Europe's second wave, European stocks, a note on jobless claims, low rates & demographic trends, reviewing the FOMC minutes, a wealth divide, what does the average recovery look like?, and LIBOR legislation moving along at a snail's pace
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Cartoons
October 8, 2020
Newsclips
More on the Reopening
October 7, 2020
Why is the market so obsessed with fiscal stimulus? Because the reopening continues to stall.
Newsclips
Quick Comments/What We’re Reading
October 7, 2020
Today's topics include stimulus off, stimulus on, timing high beta stocks, hidden joblessness, earnings season gets underway next week, the world's wealthiest, the IPO market, the low cost of servicing debt, and the jobs market in swing states
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Cartoons
October 7, 2020
Newsclips
Is the Bond Market Finally Waking Up?
October 6, 2020
Think of the Fed as a post and the bond market as a horse tied to that post. The horse will remain in place, tied to that post, unless spooked by inflation. The horse has the ability to rip that post from the ground and run wild. The post cannot stop a scared horse.
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Quick Comments/What We’re Reading
October 6, 2020
Today's topics include checking in on the consumer, the retail landscape, bankruptcies actually lower in the U.S. in 2020, hedging against election uncertainty, retail investors' ability to time the market, more bad publicity for the paycheck protection program, financial advisors predict divided government, and bond traders pricing in unified government
Newsclips
Cartoons
October 6, 2020
Newsclips
Updating Two Market-Moving Stories
October 5, 2020
Europe's second COVID wave grows. Is a similar trend beginning in the U.S.? We also show the latest on the election betting markets and polls.
Newsclips
Q3 Earnings Preview
October 5, 2020
Q3 earnings season kicks off next week. Companies are positive, but analysts are less so.
Newsclips
Quick Comments/What We’re Reading
October 5, 2020
Today's topics include stimulus & banks' capital requirements, another story on the dollar's demise, more problems with the pandemic unemployment assistance program, the 60/40 portfolio, tech stocks, cutting Into China's rare earths production, the U.S. exporting crude oil to China, more on permanent vs. temporary job losses, and miles driven in the U.S.