Latest Articles
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2016 Setting Up For Record Debt Issuance Thanks To M&A
October was the busiest month for deal making in the last 12 years, see below. Almost half a trillion in mergers and acquisitions were ... -
Best Performing Assets Since Rates Bottomed
Today the Fed unsurprisingly held rates steady and commented that “the case for an increase in the federal funds rate has continued to strengthen.” ... -
Rising Yields Are A Headwind For Gold
During the first half of this year gold prices really got going after the Bank of Japan moved into negative interest rates. The BoJ’s ... -
Copper Rallying Is a Good Sign
Copper has been on its longest winning streak in years and looks to be breakout. Additionally other industrial metals including aluminum, nickel and zinc ... -
Asset Returns Under Prior Presidents
With it being Election Day today let’s look back and see how US assets performed under past administrations. The following chart from Bank of ... -
Republican Sweep Means Fiscal Stimulus
Donald Trump won the Presidency and Republicans managed a clean sweep of the House and the Senate in an election which defied polls and ... -
Markets Expecting Higher Inflation and Interest Rates
Yesterday’s blog posted covered the increased likelihood of fiscal stimulus in the US thanks to the Republican election sweep, see here. Markets are expecting ... -
Seasonality A Tailwind Into Year-End
Since Trump’s victory investors have aggressively rotated out of defensive bond proxy sectors (Utilities, Telecom, and Staples) and into cyclical sectors (Financials, Industrials and ... -
After A Year US 10-Year Yield Above S&P500 Dividend Yield
After almost a year the US 10 year yield is above the S&P 500 dividend yield, see below. The recent change has been due ... -
BAML Survey: Investors See US Election Results As Unambiguously Positive for Nominal GDP
Bank of America Merrill Lynch released the results of its monthly global fund manager survey which shows investor sentiment and position changes since the ...
