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The Sayer of Truth is Screaming

Last Friday, 30-year Treasury yields closed at their all-time lows. Less than two years ago, bank CEOs, analysts, traders and nearly every participant in the stock market was predicting much higher interest rates. In turn, market participants bet against the bond market in hopes to make a fortune when, after a thirty-year hiatus, inflation comes … Read more

Market Brief – Friday 2/28/20

Stocks started the day lower on continued fears of the Coronavirus with the S&P 500 wiping out all its gains from January 2018 in a matter of seven trading days. Investors were once again quick to buy the dip in hopes this time a bottom is in. Treasury yields crashed with 10- and 30-year yields … Read more

Market Brief – Thursday 2/27/20

Stocks fell in overnight trading due to reports of the Coronavirus spreading. The Dow Jones Industrial Average was trading below its January 2018 highs in early trading as it has given back two years of returns in six trading days. Treasury yields fell in overnight trading with 10- and 30-year yields making new all-time lows … Read more

Market Brief – Wednesday 2/26/20

Stocks started the day higher as investors hoped today would mark the bottom of the recent selloff, although based on yesterday’s closing values, trend-following computer models are expected to sell today. Treasury yields also started the day higher but fell in early trading as buyers stepped in. Mortgage applications rose +1.5% over last week with … Read more

Market Brief – Tuesday 2/25/19

Stocks started the day higher but quickly reversed direction as all sectors saw strong selling due to computer traded models deleveraging. Treasury yields rose in overnight trading but were lower in early trading with 10- and 30-year Treasury yields making new intra-day all-time lows. Redbook same-store weekly retail sales fell -0.2% over this week last … Read more

Market Brief – Monday 2/24/20

Stocks opened lower on reports over the weekend that the Coronavirus is spreading, but U.S. investors were undeterred as they attempted to buy the dip in early trading. Treasury yields fell across the curve with 10-year Treasury yields flirting with their all-time low in early trading while 30-year Treasury yields made a new intra-day all-time … Read more

Watch the Dollar

While most investors are focused on stock prices, the U.S. Dollar is threatening to break the stock market in half, just like it did in mid-2008. Most investors do not have any interest in the price of the dollar, but as the world’s reserve currency, its value is critical. In normal conditions, a rising dollar … Read more

Market Brief – Friday 2/21/20

Stocks started the day lower over fears the Coronavirus is spreading in South Korea and Iran, but U.S. investors were quick to buy the early dip as most U.S. investors believe stock prices are headed much higher. Treasury yields gapped lower on the same news, with 30-year Treasury yields making a new all-time low in … Read more

Market Brief – Thursday 2/20/20

Stocks started the day lower over concerns the Coronavirus is going to cause quarantines in South Korea, but buyers were quick to buy the mid-morning dip. Treasury yields also started the day lower, with 30-year Treasury yields falling to their lowest level since September 2019 helped by the Fed who was purchasing Treasury Notes today. … Read more

Market Brief – Wednesday 2/19/20

Global equities rose on the hopes of more stimulus from China, even though half the country appears to be under quarantine. Treasury yields rose in early trading but quickly found buyers bringing yields down from their early morning rise. Even crude oil traded over $53 per barrel as U.S. investors remain extremely optimistic about the … Read more