This morning @KeithMcCullough of Hedgeye Risk Management tweeted: US Stock market history 101: as inflation expectations rise, you get multiple compression #P/E We agree 100% w Keith and think this concept is one of the most misunderstood among investors, analysts … Continue reading
Risk-On/Risk-Off Question of the Day: Who is more worried if stocks break out higher $ES_F shorts or $FV_F longs?
Earlier today Bloomberg’s Lisa Murphy was showing the relationship between USTs and stocks pointing out that bonds were not confirming the stock rally. Is this simply a product of the Fed’s ZIRP pledge or is there some wildly differing growth … Continue reading
PIMCO just released their March Investment Outlook and Mr. Gross alludes to a concept with which we have explored many times before (in a former life) in the reflexive nature of ZIRP. Low yields, instead of fostering capital gains for … Continue reading
the dreaded B wave elicits horror in all who stand in its way.