Analysis Of The Markets
Credit Excess - US companies are gorging on debt. Never before has so much debt been issued by the corporate sector on such a consistent basis. Since 2011, US companies have accelerated their issuance...
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Flat As A Pancake - US 10-year yields are currently trading at 2.8%, while shorter-term 2-year yields have surged higher, more than doubling over the last 12 months to 2.6%. The difference between 2...
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China Approaching Long-Term Support - The Shanghai Stock Exchange Composite Index closed the week at 2,725, down -24% from the January 2018 highs and -47% from the highs of 2015. The Index has not yet...
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Scanning the Indicators - Each morning I scan a wide range of technical indicators covering the major exchanges in the US, Canada and the UK. As the markets ebb and flow, a range of bullish and bearish...
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The Correlation Conundrum - Stocks and bonds have rallied sharply since the 2009 lows, delivering positive returns for equity and fixed income investors. This trend peaked in 2016, has drifted lower...
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A short note to update Active Asset Allocator clients that our risk-focused strategy continues to work well and has returned +4.5% in 2020 year-to-date, despite the stock market volatility in recent...
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