Chart of the Day: Oil’s Recent Rally
Despite the early week pullback in the energy market, WTI futures are continuing to trend higher right now thanks to speculation that global oil producers may “freeze” production next month in an effort to defend prices. Today, the weekly EIA Report released at 10:30 a.m. ET will be in focus.
Chart of the Day: 10yr Treasury/ JPG Yield Spread
Stocks rallied after the Treasuries-Japanese Govt. Bond (JGB) 10 year yield spread dropped following Brexit. But the yield has stabilized now and as a result the US stock rally has stalled. This spread needs to fall again via lower Treasury yields to restart the stock rally.
Bond Bubble
It’s the calm before the storm. That’s what this market feels like to me right now, because the fact is that the events of the next six weeks have the potential to either 1) Ignite an acceleration of the recent rally or 2) Cause a sharp pullback. While I admit these markets are downright dull […]
What’s the TINA Trade?
Do you know what the TINA trade is? I ask that, because I’m pretty sure talking about the TINA trade would have just gotten me new clients, if I was a financial advisor. I just finished giving a presentation on the economy and markets to a group of business executives. While most of the presentation […]
Could the Yield Curve Invert?
Yesterday, a subscriber called to tell me about a successful meeting he had with a client this week, in which the advisor explained: What the Equity Risk Premium was, Why it was driving stocks higher, and Why the 10-year yield is now a leading indicator for a potential correction in stocks. The client asked him […]
What is Earnings Per Share?
“It’s a good thing I’m retiring soon, because after almost 38 years in the business almost nothing makes sense in the markets anymore. So it’s a good thing I have you, who understands the way things work today.” That’s what Reed, an advisor and subscriber, wrote to me yesterday. If a guy with nearly four […]
Jobs Day
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Jobs Day, Key VIX Levels to Watch.