Markets
Weekly Digest – October 15 -19, 2018
Weekly Digest – October 15 -19, 2018
Our top posts from the week of October 15, 2018.... Read More
Tag Archives: Markets
Markets
CoT Detail: 10-Year Treasury Large Specs Bounce Off Their Net Short Extreme Position
CoT Detail: 10-Year Treasury Large Specs Bounce Off Their Net Short Extreme Position
CoT Detail: 10-Year Treasury Large Specs Near Their Net Short Extreme Position Once Again.... Read More
Markets
Global Economic Growth is Losing Momentum
Global Economic Growth is Losing Momentum
Posted By Ben Breitholtz
Slowing global economic growth has the potential to boost global risks and increase demand for safety.... Read More
Markets
Canadian Inflation Cools Ahead of Rate Hike
Canadian Inflation Cools Ahead of Rate Hike
Posted By Peter Forbes
The Bank of Canada is likely to press ahead with a rate hike next week despite the soft September inflation and retail sales. Slowing momentum for the economy and inflation, along with renewed softness in housing-related searches, may complicate plans for 2019. ... Read More
Markets
Consumer Behavior Shifts Dent Malls and Retailers
Consumer Behavior Shifts Dent Malls and Retailers
Posted By Peter Forbes
Soft September retail sales confirm the shift in U.S. consumer behavior away from shopping and toward experiences. We look at the impact on retail real estate, equities and investment grade credits. ... Read More
Markets
Many Cities Still Struggling to Reach Pre-Crash Home Prices
Many Cities Still Struggling to Reach Pre-Crash Home Prices
Posted By Greg Blaha
Many cities across the U.S. have yet to regain their pre-crash levels in home prices.... Read More
Markets
Healthcare Spared in Risk-off Move
Healthcare Spared in Risk-off Move
Posted By Peter Forbes
Health care ETFs continue to see inflows despite the latest risk-off cycle.... Read More
Markets
Risk-Off Echo May Boost U.S. Dollar
Risk-Off Echo May Boost U.S. Dollar
Posted By Peter Forbes
There is an old line about history rhyming instead of repeating. Risk-off is different in 2018, but we are still in the longest risk-off cycle since December 2016. The next phase of the cycle has favored U.S. dollar strength. ... Read More
Markets
What If There Is No Such Thing as a Balanced Portfolio?
What If There Is No Such Thing as a Balanced Portfolio?
Posted By Ben Breitholtz
Investors are seeking short duration as the new risk-off destination of choice in 2018. Bouts of no-to-positive correlation between equities and U.S. Treasuries could exacerbate the need to discover what the new 'balanced portfolio' will become.... Read More
Markets
Conference Call Transcript – The Stock/Bond Regime Shift Reasserts Itself
Conference Call Transcript – The Stock/Bond Regime Shift Reasserts Itself
A transcript of our October 11, 2018 conference call.... Read More
Markets
Will the Pain of the 60/40 Portfolio Lead to More Selling?
Will the Pain of the 60/40 Portfolio Lead to More Selling?
Posted By Jim Bianco
The wealth management industry is so dominant that they own half of all outstanding ETFs. Their most popular strategy is a variation of the 60/40 portfolio. This has not been working this year and lots of questions are being asked.... Read More
Markets
Loans March on as High Yield Stumbles
Loans March on as High Yield Stumbles
Posted By Peter Forbes
Leveraged loans fared well as turbulence hit U.S. corporate bonds last week. High yields and Treasury implied volatility favor loans over high yield bonds. Financial conditions bear watching but remain benign. ... Read More
Markets
Weekly Digest – October 8 -12, 2018
Weekly Digest – October 8 -12, 2018
WEEKLY DIGEST – THIS WEEK’S TOP POSTS These Are Not the Risk-Off Flows We?ve Been Used To We do not expect Powell to cave to market gyrations unless a protracted drawdown ensues. But, investors are no longer following typical... Read More
Markets
CoT Detail: 10-Year Treasury Large Specs Bounce Off Their Net Short Extreme Position
CoT Detail: 10-Year Treasury Large Specs Bounce Off Their Net Short Extreme Position
CoT Detail: 10-Year Treasury Large Specs Near Their Net Short Extreme Position Once Again.... Read More
Markets
U.S. Treasury Volatility Reluctant to Chase Equities
U.S. Treasury Volatility Reluctant to Chase Equities
Posted By Ben Breitholtz
U.S. Treasury volatility is again oddly extremely low relative to bursting equity volatility (i.e. VIX). But, the correlation between the risks / volatility behind safe and risk assets is elevated. Investors will struggle to understand a need to alter the traditional portfolio mix of stocks and bonds.... Read More
Markets
Rising Mortgage Rates Add to Housing Woes
Rising Mortgage Rates Add to Housing Woes
Posted By Peter Forbes
Rising borrowing costs are just one more headwind for consumers that were already turning away from the housing market. ... Read More
Markets
These Are Not the Risk-Off Flows We’ve Been Used To
These Are Not the Risk-Off Flows We’ve Been Used To
Posted By Ben Breitholtz
We do not expect Powell to cave to market gyrations unless a protracted drawdown ensues. But, investors are no longer following typical 'risk-off' protocols, instead making a concerted rush for the safety of ultra-short-term U.S. Treasuries and investment grade corporates.... Read More
Markets
ETF Investors Pivot Toward Southeast Asia
ETF Investors Pivot Toward Southeast Asia
Posted By Peter Forbes
Concerns about the resilience of the Chinese economy in an escalating trade war are not scaring away investors. ETF flows show a rotation among emerging markets away from Latin America and toward Southeast Asia. ... Read More