Economic Growth Slows: February 14, 2017
An excerpt from today’s Sevens Report. Non-Political Risk #1: Economic Growth Slows. Stronger economic data remains an unsung hero of this post-election rally, and while Trump gets the headlines, it’s really the economic data that’s enabling this rally as better economic growth is allowing the market to continue to give Trump and the Republicans the […]
S&P Hits Fresh All-Time-Highs
The S&P 500 gapped up to another all-time-high yesterday, underscoring the very strong bull market in stocks. But, the current pace of gains in unsustainable and equities are due for a phase of consolidation.
Economic Cheat Sheet: February 13, 2017
Last Week: There was very little incremental economic data last week, and what reports did come met expectations and importantly did nothing to change the perception that economic activity is legitimately accelerating—a perception that continues to support stocks broadly. From a domestic data viewpoint, there isn’t a lot to talk about. Jobless claims continued to […]
Stocks Reach New Highs
The S&P 500 is now more than 6% above its 200 day simple moving average. And while the trend is clearly still bullish, the complacency in the market paired with the overextended conditions raise the chances of a pullback.
10 Year Note Yield Continues to Fall
The 10 Yr T-Note yield remains below the key 2.50% level and a considerable distance from the long term regression line which suggests a further correction is very plausible.
Bond Bubble
A friend who runs a successful tax lien fund called me this past weekend with an interesting story. The portfolio manager of one of the biggest institutional investors, a $2-plus billion multi-family office on the West Coast, called him last week and told him to expect a bigger allocation soon because he (the PM of […]
Is the Yen Carry Trade Become A Headwind on Markets?
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Is the Yen Carry Trade Become A Headwind on Markets?