Last week in this space (MorningWord 5/5/16: Bail Bonds – $TLT) I had some thoughts on the direction of U.S. Treasury yields (below). Regular readers know that I have been fairly steadfast in my belief that the U.S. Federal …
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Raoul Pal, the founder of the Global Macro Investor, is one of the few guests we have on CNBC’s Fast Money program that connects macro dots back to the stock market in a way that even a monkey …
Continue readingBack on January 15th we laid out a bullish case for being long U.S. Treasuries and detailed our bullish trade in the TLT, the iShares 20 year Treasury Bond etf to reflect this view (read: Trade …
Continue readingYesterday’s price action in U.S. stocks following the release of the October FOMC meeting minutes suggests, at least for now, that equity investors are comfortable with the notion of a rate increase at their Dec …
Continue readingThere was a lot of excitement around the Nasdaq breaching the 5000 mark yesterday for the first time since March of 2000. Not that I’m not nostalgic, but aside from it being a nice round …
Continue readingOn Tuesday prior to the Fed meeting a placed a very short term bearish trade on the TLT with the thought that the commentary would calm some of the current fears in the market, and …
Continue readingThe yield on the 10 year Treasury almost got to 2% this morning, down from 3% at the start of the year, and the TLT (the iShares 20yr Treasury Bond etf) nearly matched the October …
Continue readingWith Operation Twist ending, what’s the Fed likely to do today? Are there any new signals that the Fed is likely to send about monetary policy for the next 6 months? The Fed has shown …
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