March 14, 2019
Corporate bonds enjoyed a good start to the year, the best start since 2012. The strong performance allowed European issuers to issue the largest amount of debt in years with ease. The MSCI World Index also had its best start since 2012.
March 11, 2019
The ECB inspired a rally and that was followed up with a bedrock of data and commentary. Lael Brainard (Fed Governor) was dovish in her comments and even suggested that the next move by the Fed could be lower.
March 7, 2019
The American dream has all but evaporated for the average American to buy a home, or at least that’s what a recent survey found in a national poll. Some 45% believe banks and investment firms have made it harder to achieve the dream.
February 26, 2019
The big news is that Trump is delaying the scheduled increase in tariffs. China and the U.S. economies appear to be both reeling under the weight of trade barriers and a compromise is being sought.
February 25, 2019
It seems the desire to invest overcomes rational thought and the simple fact that once again we have a déjà vu moment. Once again, a trade deal with China is just around the corner. And once again, we lose all basic instincts and add to risk.
February 21, 2019
The issue that all investors and traders have at present is what to do. Something has to be done but what? Investors and traders need to be seen to be making money and the current environment is not helpful.
February 17, 2019
Friday was a day most peculiar and peculiar for a number of reasons. On a typical day when equities have a significant rally, bonds go into risk-off mode and sell. The S&P 500 rallied 1% and bonds weakened a basis point.
February 1, 2019
Bonds continued their rally - unusual in itself. The $84 bio refunding looms large next week and opportunities to buy bonds over the coming months are plentiful. Perhaps bonds are a little caught up in the party atmosphere.
January 31, 2019
In one sentence, Powell unleashed the bull in equities. The outlook for the Fed, or at least the outlook that was communicated, was one of patience. For bond investors it all looks rather benign.