It’s the type of extraordinary backdrop that flashes “critical juncture”. Ongoing “Terminal Phase Excess” is the culmination of a historic [...]
It might have been subtle, but it was reminiscent of early April. During Tuesday and Wednesday trading, KKR’s stock suffered a 6.1% drop – the largest [...]
The market came into the week pricing a 3.63% year-end Fed policy rate. After Wednesday’s 25 bps rate cut, the market ended the week pricing the same 3.63% [...]
Once a quarter, Bubble Analysis requires the deciphering of a bevy of new Fed data. It’s been quite a ride; quarter-to-quarter epic monetary inflation. [...]
An apt Friday evening headline from “The Times” (UK): “After a Very Brief Selling Frenzy, Bonds Are Back in Fashion.” What a difference a few trading [...]
France’s 10-year “OAT” yields jumped nine bps this week to 3.51%. Thirty-year French yields surged 12 bps to 4.42%, trading within four bps of the spike [...]
The Federal Reserve is under assault. Our nation, as we have known, is under assault. Equities, well, they seemingly couldn’t be chippier. Bloomberg: “Wall [...]
Just another week in Bizzaro Bubble World. Bloomberg: “Bessent Urges Fed to Lower Rates by 150 Basis Points or More.” NYT: “Trump, Seeking Friendlier [...]
The Nasdaq100 surged 3.7% this week to close at an all-time high. Powered by Apple 13.3% melt-up, the Bloomberg MAG7 Index surged 5.4% to a record high. August [...]
High yield CDS (Credit default swap) prices surged 22.4 this week to 336 bps, the largest weekly move since the (“liberation day”) week of April 4th (62 to [...]
Please join Doug Noland and David McAlvany this coming Thursday, July 31st, at 4:00 pm Eastern/2:00 pm Mountain Time for the McAlvany Wealth Management [...]
In his argument for a July rate cut, Fed Governor Christopher Waller states that “tariffs are one-off increases in the price level and do not cause inflation [...]
