“We have a bond market where one-quarter of the universe trades at a negative yield. The long bond yield just went negative in Germany [the entire yield curve in Switzerland has been negative for a while]. Over half the world’s bond market is trading below
Last episode we wrote about the rapid decline in earnings outlooks for the S&P 500. We focus on this benchmark because it represents about 40% of the world equity market capitalization and houses most of the largest companies in the world. The US market is
I recall the Barron’s round table discussion in the January 2008 issue where the majority of panelists were very optimistic on the outlook for 2008 earnings as the Great Recession was digging in. What investors need to understand is that Wall Street is always painting
As a global relative value or growth at a reasonable price investor, I’m always looking around the world for the best potential returns adjusted for risk. One of the formulas I use for calculating return relative to risks consists of 3 parts. Capital Gain\Loss potential
The most ridiculous central bank comment of the day so far has come from Europe. ECB Executive Board member Benoit Coeure said today that “a negative yield in the German 10 yr bund yield has more to do with excess savings than it has to
One of the presentations I’m looking forward to later today at the Inside ETFs conference is called the hidden gems. Presenters have been invited to show their best ideas in a rapid-fire segment that will leave you with fresh ideas for your portfolios. There are
If you haven’t heard me say this 100x before, or are just tuning in to hear what yet another one of these “talking heads” thinks is sure to happen in markets – let me disappoint again – NO ONE KNOWS what will happen next in
It’s been a while since I have had @EconguyRosie (AKA David Rosenberg of Gluskin Sheff) on the show to get his outlook on markets. I’ve been a follower of Rosie since he was the Chief Economist for Merrill Lynch 20 years ago and I was
There was a high degree of fanfare this past week on the 10-year anniversary of the Lehman moment. For me, this was the defining moment when Congress and the world realized that the financial system was at risk. It stirs up some wild emotions for
Last week a very influential US Bank CEO (Jamie Dimon) warned that longer-term US interest rates would be rising significantly. I think he’s out to lunch. He does see the equity bull market extending 2 to 3 more years and thinks the economy is strong