market-commentary

MARKET COMMENTARY

Scroll Down

Turning Tides

Mar 9, 2021

8:51 am

At times, bad news is good news for the stock markets. A backdrop of massive economic disruption caused many stock markets around the world to rise and hit lifetime highs. At the core of this risk on environment were interest rate cuts to multiyear lows that left investors little option but to take on more…

Read More

Rotating to the Old Normal

Mar 8, 2021

8:49 am

• Global growth data is strong and getting stronger • The upward pressure on bonds yields is here to stay – think a 10 year bond yield of 3% • Rotation away from last year’s winners of technology and duration • The new portfolio winners will be income producers: back to the Old Normal Last…

Read More

Can you Endure the Duration?

Mar 1, 2021

10:46 am

• Bonds endure a tough month. • Bond traders are sending an unambiguous signal to the Treasury that they do not see value in their paper. • US government Bond yields could go a lot higher – 6% is justified by historical precedent. • US 10 year government bond yields well above 2% look quite…

Read More

Upgrades Everywhere

Feb 22, 2021

10:06 am

• Economists raise global GDP forecasts after a strong start to the year • Many economists add one to two percentage points to their GDP growth forecasts • Fed Chairman Powell speaks this week – will he deflect from the easy money line? • Stay long equities and be very careful with bond duration Global…

Read More
Top