In the past week, since the better than expected jobs data, the VIX has risen 70%. Yesterday it closed above 20 for the first time since October 20th (when the SPX was more than 100 …
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This morning’s jobs data confirms that the U.S. economy is back to sort of healthy pre-financial crisis levels. While I am happy about the number I remain skeptical of our ability to reach escape velocity …
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There have been no shortage of geopolitical events blamed for the 7% decline in the S&P500 (SPX) since making all time highs on September 19th. But let’s be clear – after a two year …
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America. F#@K Yeah!! This morning’s unemployment report, showing the lowest rate since June 2008 at 5.9% confirms our status as, by far, the best block in a crappy neighborhood. This will probably be the 50th …
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On CNBC’s Fast Money program last night, me and my friend Josh Brown (CEO of Ritholtz Asset Management) had a little debate on the merits of holding a prior market leader that has underperformed in …
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Yesterday’s prepared testimony by Fed Chair Janet Yellen created a lil controversy, and a mild bit of equity selling pressure for the following remarks: However, signs of risk-taking have increased in some asset classes. Equity valuations of …
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Credit spreads have not moved much for most of the past year. Credit defaults in the U.S. have been quite rare, and low rates has allowed corporates to roll their funding needs further and further …
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Last May, prior to the “Taper Tantrum” that forced investors for the first time in years to contemplate an investment landscape with higher yields, bond proxies were all the rage. High yielding sectors like Reits, …
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Once again, today is Payrolls Friday. Today’s jobs data is the most important monthly economic data point. Even more so these days, since the all-powerful Federal Reserve committee has pinpointed jobs as the leading consideration …
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Back on Jan 20th, the WSJ’s Jon Hilsenrath penned a story suggesting the FOMC would continue their reduction in bond buying at yesterday’s meeting, “Next Cut in Fed Bond Buys Looms” to a mere $65 …
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