Volatility
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...

Fitch Downgrades US Debt: Does It Matter?

Why Do Foreign Markets Matter?

My early morning comments on this article are here, click on the image to listen to my dulcet tones, describing this article.Now, there is no coordination among global central banks and governments.If you are a HUGE investor, running trillions, then your...

Fitch Downgrades US Debt: Does It Matter?

Sandwiched

Trick Or Treat? Very Appropriate PhraseEarnings awful, but markets much higher (no surprise to readers of Jae’s Corner, the numerator isn’t the captain of the ship, it is that one-way, low volatility of interest rates and its conjoined twin (foreign...