October 22, 2015 by Dan • Commentary

On the Central Bank front, the focus this week was on the ECB, and this morning the bank’s head Mario Draghi for all intents and purposes reiterated his multi-year long commitment to do “whatever it takes” …

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October 9, 2015 by Dan • Commentary

The S&P 500 (SPX) is up 8% from last Friday’s low. That low followed Sept’s disappointing and downward revised August employment data that basically put the final nail in the coffin for any chances of the FOMC …

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September 21, 2015 by Dan • Commentary

In a great interview with the Financial Times, John Burbank of multi-strategy hedge fund Passport Capital this morning explains the reasoning behind his firms large wagers against commodities and emerging markets: Mr Burbank said years of QE had …

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May 19, 2015 by Dan • Commentary

If Q1 GDP is revised lower from its reported 0.2 gain (well below the prior quarter’s 2.2% gain) it will mark the third negative Q1 print since 2011.  Cold rain and snow apparently wreaked havoc on …

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May 15, 2015 by Dan • Commentary

Back on Jan 16th (TLT: No Mr. Bond, I Expect You To Die) I had the following to say about the rally in Treasury Bonds; It is our sense that the U.S. Treasury rally is …

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