An overheated economy and highly speculative equities market should weigh on the FOMC during Tuesday and Wednesday’s meeting. And a potentially critical ECB meeting comes Thursday. Currency instability, fragile EM and European periphery and a Bubbling U.S. create quite a challenge for our global monetary commanders. Cracks in the global Bubble have markets betting central bankers don’t have the guts to normalize.
I may need to add the TSP International fund to our seasonal tracking of our Bellwether signal. Take a look. The TSP I fund is the international fund which holds the largest […]
This is an update to my January article As GE Goes So Goes The Nation except maybe we should have called it As GE Goes So Goes our Retirement Funds or something like that […]
Keep in mind that it’s not unusual for U.S. equities to go on their merry way right into trouble. The S&P500 rallied to record highs after the subprime eruption in 2007…2000. 1987. […]
For some reason President Reagan’s former budget director has an issue with the Russell 2000 small cap index “stratospheric” price-to-earnings (PE) ratio. David Stockman writes that the “actual” PE of the index that holds the 2000 smallest US listed companies is around 91 times earnings. It was hitting an epic 142 at the end of January by some reports.
Did you feel the tremor in the financial markets the other day? Probably not, but maybe you noticed the small tsunami that washed ashore in US Treasuries. After hitting a peak of […]
I doubt future analysts and historians looking back in 25 years will have much interest in whether inflation targets were achieved or policy effects on unemployment rates and GDP. Contemporary central bankers […]
On January 19th 2015 I posted the TSP F Fund’s Last Hurrah. Today, we are going to look at how the last Hurrah worked out and how it foretells the final “Hurrah” in the […]
It’s worth recalling that the 2016 de-risking/de-leveraging episode was nipped in the bud by an upsurge in global QE (especially courtesy the ECB and BOJ) and a corresponding extension of easy money […]
In a world of too much “money” and Crowded Trades prevailing throughout the risk markets, it regresses into a dysfunctional game of disregarding risk and chasing performance. Buy and hold an equities […]