The T-Report: America, the Land of the Slogan
Land of the Free, Home of the Brave? That seems more like a fairytale than reality. I cannot believe that I am sitting here the second last trading day of the year and having to guess what Washington will do. What will the senate pass? What will congress do with it? I’m not even sure […]
The T-Report: America is the Dirtiest Shirt
The U.S. Needs to Do Some Laundry I decided to try and be bullish this morning. I tried to look at the world through rose colored glasses. I wanted to come up with all sorts of reasons to be excited about the U.S. markets. I wanted to see if the U.S. is the “cleanest” shirt […]
The T-Report: 1982 S&P Points
1982 S&P Points Later… For most of the year we seem to live a frantic day to day existence of chasing returns and the market. Every decision seems critical, yet around this time of the year, people get comfortable with what they have. They live through the volatility and stick with their plans. The fact […]
The T-Report: No Ire in Ireland
Back from the Brink in Brogue The Pogues Sang Some Upbeat Songs As Well (“Fiesta”) Off the Radar Screen and Off the Charts I had more potential titles than I knew what to do with for this one little chart, but thought it would be a nice chart for the holiday, as it is upbeat. […]
TF Mkts Weekly Fixed Income Overview & Strategy
Finally Some Volatility This week, we finally saw some real volatility. It doesn’t show up so much in the weekly numbers, but it was there. Brief spikes or dips, driven by weak hands, were the order of the day. The big one happened outside of fixed income. S&P futures closed at about 1,440 on Thursday. […]
The T-Report: Seasons in the Sun
We had joy, we had fun, we had seasons in the sun…. If there was ever a one hit wonder album that deserved to be set on fire in center field at yankee stadium, than this song is it. But like the wine and the song, the T-Report is gone. Well not gone, but we […]
The T-Report: Long, Longer, Longest
WWF Adds Financial Market Bears to the Endangered Species List It is almost impossible to find any bears. I consider myself bearish, but all I can muster is a mildly bear view. I got the courage to get more bearish on Fed day, but by Friday had cut back and took some profits. What longs […]
Weekly Fixed Income Summary, Outlook, & Strategies
Crowded, Like 20 People in a VW Bug Crowded Last week we focused on how crowded high yield was becoming. That people were treating it almost like AAA and that is not a good thing. Well, the week started strong, but ended poorly, and ultimately finished basically unchanged with the FOMC as the inflection point. […]
The T-Report: Applesauce
The Market is Always Right – Wrong You learn very early on in this business that the market is always right. That whatever your view or your opinion or your valuation, the market is always right. Something about Apple seems to be breaking that for me. I disliked apple at 650 and felt like I […]
The T-Report: Bears in Bull’s Clothing
Bears in Bull’s Clothing There are just a lot of people who are relatively bearish on the economy and the outlook, yet positioned bullishly. It is based on the central bank liquidity and another round of can kicking in Washington. The Fed played re-iterated its commitment to flood the world with liquidity. Washington is likely […]