Meditating on Ancient Banking
I’ve been over in Italy the past couple of days, enjoying the geographical and time-difference arbitrage to the United States’ markets. It’s rather peculiar having the market closing at 10 o’clock at night instead of 4 o’clock in the afternoon, but it gives me much more freedom during my mornings, so I can’t complain.…
The Coming Currency Crisis
Real markets matter. They dictate everything. The bond market has a reputation for where the “smart money” plays, but it pales in comparison to the size, magnitude, and importance of the currency market. In fact, I would argue that everything that happens in financial markets is ultimately downstream from currencies. I’ve said it before,…
Is Time More Important Than Price?
If you’ve been around in this business long enough, I can almost guarantee that you’ve heard the saying, “The trend is your friend.” This is undoubtedly true, but I’ve taken the liberty to add a second-part to it, which goes like this, “The trend is your friend, until the trend ends.” Sounds great, right? It…
Something Just Broke the Markets
It looks like we have a victor from the latest battle in the bond market, and this round goes to the bears. After last week’s stronger-than-expected payroll report, we saw interest rates spike, and bond prices were crushed lower. My cyclical factors were pointing to the dangers of this move, and while I still think…
Battle of the Bonds!
Well, that’s a wrap for Q1 2024! Markets did not disappoint in the slightest, as stocks across the board hit new all-time highs (save for the Russell 2000).But as we are in the precipice of a new quarter, there are some notable shifts taking place, not only within the stock market, but also within the…
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