Note Précis June 27,2018: Neither Spiraling Nor Soaring Markets – As the first half of 2018 draws to a close, prevailing events mean neither spiraling nor soaring markets are likely. A readjustment of risk premiums is needed in the current cycle, divergent from the complacency prior to 2018. Daily and intraday swings of 2% in […]
Note June 15,2018: No Lazy, Hazy Time – The summer of 2018 is likely to be no lazy, hazy time. Three immediate aspects loom for capital markets, namely trade which is the lifeblood of economies; local and worldwide politics that are the lifeblood of stability; and central bank policies which are the lifeblood of capital […]
Note Précis June 15,2018: No Lazy, Hazy Time – The summer of 2018 is likely to be no lazy, hazy time. Three immediate aspects loom for capital markets, namely trade which is the lifeblood of economies; local and worldwide politics that are the lifeblood of stability; and central bank policies which are the lifeblood of […]
Note June 4,2018: Rising Interface of Policy and Market Volatility After initial sell offs ostensibly on the Italian political impasse, worldwide equity markets moved up sharply and fixed income yields stabilized. We do not see wild swings as signals of rude health. In reality, capital markets are less efficient than many model. Real life participants tend […]
Note Précis June 4,2018: Rising Interface of Policy and Market Volatility After initial sell offs ostensibly on the Italian political impasse, worldwide equity markets moved up sharply and fixed income yields stabilized. We do not see wild swings as signals of rude health. In reality, capital markets are less efficient than many model. Real life […]
Neither Spiraling Nor Soaring Markets
Note June 27,2018: Neither Spiraling Nor Soaring Markets – As the first half of 2018 draws to a close, prevailing events mean neither spiraling nor soaring markets are likely. A readjustment of risk premiums is needed in the current cycle, divergent from the complacency prior to 2018. Daily and intraday swings of 2% in equity […]