Investors need to watch only one number in 2017 to figure out what returns are going to look like across the various markets, bond guru Bill Gross said Tuesday. Whether the 10-year Treasury yield crosses the 2.6 percent mark will be critical both to the bond market and to stock prices, the fund manager at […]
Category Archives: Z-vals
Casey: Sell All Your Bonds
“With bonds, we’re at the peak of the biggest financial bubble in world history. This is a very big deal. “Interest rates move in very long cycles. They went up from the mid-1940s to the early ’80s, when long-term government bonds peaked at close to 16%, and T-Bills at over 16%. I thought they hit […]
Jakobsen: Election to Cause Volatility
“Clearly what we have right now is a market that is finally realizing that this could be a repeat of what we saw in the UK in terms of Brexit — not necessarily meaning that Trump will prevail, but certainly that it will be much tighter come election day. “That’s really the theme of the […]
Moraif: Dow Still Falling to 11,500
“The market may be finally realizing that there are limits to what the Central Banks are able/willing to do to keep this gravy train going. On Friday we saw the Dow drop 394 points on the HINT that we may be coming to an end to the stimulus both here and in Europe. … “Without the […]
Singer: Breakdown Will Be Intense
In a cheerless missive to investors, Paul Singer at Elliott Management warned that the bond market is broken and that once central banks lose their ability to prop it up, the crash will be big. This is a recurring bearish argument, but always popular. Singer says now is “in many ways the most peculiar period […]
