Commodity total returns since March 9, 2009... Read More
Emerging markets are susceptible to higher volatility in the event the U.S. dollar and real yields climb. But, repositioning away from the likes of emerging market debt likely has more to do with the shifting relationship between risk and safe assets. Hedging will become much more problematic going forward.... Read More
Few major assets offer an effective hedge against rising U.S. equity volatility. ... Read More
The number of economies leading positive economic growth has tended to grow high during the end of cycles. All in all, volatility is likely to remain high and central banks may be dismayed assuming inflation does not rise as hoped.... Read More
Regional banks are riding high on expectations for higher rates and lower taxes. Defensive sectors like utilities are out of favor. ... Read More
Since the wild trading in early February both volume and open interest in the VIX have collapsed.... Read More
Rising U.S. Treasury yields should stress 'zombie' companies subsist on low borrowing costs. Distressed securities and high yield credit should become quite opportunistic for active management. ... Read More
A look at the Q4 2017 Flow of Funds report. ... Read More
Less than 50% of the world's economies are now producing economic data surprises. Realized economic data following suit in the months to come would remove the tailwind of 'concerted economic growth' for risk assets and central banks. Emerging markets may be first on the list to experience higher volatility.... Read More
Risk-adjusted returns produced by municipal bonds over the past year are now in line with the S&P 500 and U.S. high yield. Municipal bonds have often provided the top risk-adjusted returns post-crisis.... Read More
In this webcast, Jim Bianco discusses changing inflation expectations leading to changing market relationships and how ETF investors are NOT reacting to this.... Read More
Last week we argued that a regime shift might be underway in the relationship between stocks and bonds. Investors appear to be confused as to how to proceed now that the old risk-on/risk-off relationship no longer exists.... Read More
Last week we argued that a regime shift might be underway in the relationship between stocks and bonds. Investors appear to be confused as to how to proceed now that the old risk-on/risk-off relationship no longer exists.... Read More
Emerging markets' strengthening ties to the dollar leave them exposed to escalating trade tensions. ... Read More
Here you will find additional stories that we consider the most interesting and relevant of the day from major financial publications.... Read More
Tariffs sent ETF investors scrambling out of industrial sector funds. But the six months after the 2002 steel tariffs saw broad U.S. equity weakness away from exposed sectors. ... Read More
Speculators Remain Heavy Sellers Of Treasuries.... Read More
Large speculators and managed money have been rushing to get long soybeans. Large speculators and managed money are carrying record net longs in soybean meal. Large speculators and managed money are also rushing to get long corn. The next chart... Read More
Recognizing potential regime shifts is critical to returns. The stock and bond markets are flashing signs that one such major shift may be underway.... Read More