This week global fixed-income markets get hit with a few blows to the head and one wicked upper cut. US supply totals $193B on Monday and Tuesday with the Fed hiking rates 25 bps on Wednesday. Supply in the long end of the curve will
All posts by Larry Berman
On June 1, 2018, MSCI added 234 Chinese A-Shares into the MSCI Emerging Markets Index. A shares trade in Shanghai and Shenzhen and have historically only been available to mainland citizens. This is expected to increase China’s weight in the index modestly from 31 per cent
It should be no surprise to Berman’s Call viewers that I think the sheer amount of debt in the world is problematic. History teaches us that the bigger the percentage of debt compared to the size of the economy measured by gross domestic product (GDP),
Judging if the near 37-year bull market in interest rates is over is not a simple exercise. Many bond pundits have made the call recently. The pattern of lower yield highs and lower yield lows have continued for decades. Calling the end of this trend
One element of technical market analysis that is often a leading indicator is called breadth analysis. There are many different breadth indicators. Today, we look at the percentage of stocks above their own 200-day average given that we bounced off that level again last week.
I have suggested for many years that currency exposure when investing globally should be a major consideration. We can only do something about it when using ETFs. Mutual funds or single stock or bonds do not give us the opportunity to hedge our exposure. To
In 2016, Sweden introduced the idea of creating a digital currency. Sweden’s central bank, the Riksbank, was the first central bank in the 1660s to issue paper notes. The amount of notes and coins in circulation had been cut in half globally in the past
I have said many times over the years that the bond market is often the best forecaster of the economy, but it’s not typically until the yield curve inverts (when short term yields become higher than long term yields) that we must worry about what
According to FactSet, 52 companies in the S&P 500 have issued negative EPS guidance and 53 companies in the S&P 500 have issued positive EPS guidance. While this sounds quite balanced, history shows that companies issuing negative EPS guidance is well below the five-year average
In 1994 when I did an internship on Wall Street with many of the top technical analysts I learned many important lessons. One that stands out is that a market is a sum of its parts. If you are going to forecast a market index