Investing
Suddenly, Markets Not Boring

Suddenly, Markets Not Boring

Suddenly, Markets Not BoringAfter the video above, I thought it was going to be very uninteresting today, but Mr. Market smacked me across the forehead, and my radar turned up a notch.Stocks for show, bonds for dough, and for the first time all year, interest rates...

Magnificent 7 ONLY

Magnificent 7 ONLY

Magnificent 7 OnlyJae’s Rib Shack? Meh. You can see IWM which is higher by 3.9937% since January 20, 2023, a year ago. Cash in a money-market mutual fund has beaten the IWM, without the risk.Don’t Forget: This Is Never UntrueNeither Is ThisThis is an important week,...

Bonds Are En Fuego

Bonds Are En Fuego

Bonds Are En FuegoIt could be for a long list of reasons. Here are a couple of the most popularly-held possibilities.The Federal Reserve is going to reverse course and lower interest rates due to slowing economic activity. We will have an important piece of data on...

Fed Chair Powell Reverses Course

Fed Chair Powell Reverses Course

Fed Chair Powell Reverses CourseThis is very different from what the market heard just a week ago.The Bloomberg.com headline says it all. Interest rates jumped, and risky assets dropped sharply. Note that it is not only the direction/level, but the speed. It is very...

September Is “Suddenly” Nasty

September Is “Suddenly” Nasty

September Is “Suddenly” NastyOn July 29, I hurriedly wrote an email to the stable (which is our narrow set of clients that keep the lights on over here, we have bills yanno). The title was “We’re gonna party like it’s is 2022.” Here Is The Email I SentClosed list...

Fitch Downgrades US Debt: Does It Matter?

Fitch Downgrades US Debt: Does It Matter?

Fitch Downgrades US Debt: Does It Matter?Confidence and correlations (the glue) matter, the actual downgrade doesn’t. If the US actually defaulted, then candidly speaking, then salt would be the new money. Never say never, but the fact of Fitch downgrading US...