Just a few ones.... I have focused quite a bit on the US equity market in previous posts, since it has been the lone World leader since 2008. It remains the leader, in relative terms. The US equity mkt has been the excess liquidity recipient. However, the derivatives mkt is...
The unprecedent COVID fiscal impulses are behind the hot "flation" debate. Expectations are getting more anchored which is, in my view, the principal headache for the FED. Google Trend provides us with a good "anxiety" snaphot of the situation. Bear in mind that inflation is a lagging indicator and...
Richard Werner (Princes of the Yen and...) is always on the top of my list. Take your time (less than 30 min) because it will help you get a clearer picture. One thought popped in my mind while watching. Could ultra low/negative interest rates policies induce a negative loop when...
Here is an excerpt of a recent report which can provide you with a different view. The US equity market has been for years the main driver behind performance. Are we reaching an inflection point? You can download the PDF here: site post report
Back in July and August 2020, I had published updates on the yellow metal since Silver had broken an important resistance. Here is an update of GOLD/ZROZ (US treasury 30 year zero coupon bonds) or..future long term cash! (Above chart) GDX (Gold Miners)/ZROZ. Precious metal investors (Gold Bugs) have been a bit...
The two charts are a just an illustration over time of how I best view the principal driving forces behind the markets. What matters here, are the proportions and their respective empirical evolution. It varies countries from countries but since we all use the same monetary/economic system, the trip is...
Consumers are paying back Bank credit did increase quite substantially but since may 2020 the trend has reversed It's getting harder to get a loan FED's intervention has sustained investors' appetite for debt securities but will it keep going? Commercial Delinquency rate is still well contained. Banks did show better quarterly results by...
