FLGV News and Press, Franklin Liberty U.S. Treasury Bond From 11/15/20

Monday's Pfizer announcement followed pivotal elections by only a few trading sessions - an election I have posited as the most hedged individual event ever. Markets were already in a state of acute instability prior to the news, having been spurred sharply higher by the unwind of hedges ...

I retain my call stated in the Q4 outlook, published September 21, 2020, for oil, treasury and equity prices to decline with the USD rising. Thus far in Q4, I am correct on oil and Treasury yields. Largely flat to slight miss currently on equities and the US dollar. The Fed cannot...

I think it's safe to say, last week more than lived up to expectations. We may never see a US election like it again. What is remarkable is how relaxed traders have been throughout. Many expect the central bank to announce further easing measures in December, once the election is reso...

After reducing equity risk in portfolios over the last few weeks, we suggested last week the "selling" was likely overdone. It was quite the reversal. The rally pushed the market back above the 50-dma and lower highs' previous downtrend. Such sets the market up for a retest of all-tim...

We've grown accustomed to the "new normal": Stock market ebullience even as the country suffers through a distressing confluence of hardships. It is deeply disappointing to witness an election where seemingly everyone comes out of the process only further disillusioned. This is a ...

Not only has the PMI across the worldwide manufacturing sector enjoyed a literal "V-shaped" recovery, but it has achieved levels of optimism higher than those immediately preceding the lockdown. In North America, US retail sales have rebounded to a high-single digit pace unseen since ...

Investors have been locked in deep thought over the impact of the U.S. presidential elections, which seems to converge on trying to price in the consequences of a Biden victory. If markets can’t figure out how a Democratic sweep will impact the dollar and bonds, it’s dif...

We're now only a few days from the most pivotal of elections. COVID cases here at home remained highly elevated all summer. And if U.S. infections now follow Europe's trajectory, our nation is facing a dark and challenging winter. The Fed could well be on the cusp of a historic pr...

It is not a prerequisite that an overwhelming majority of the country approve of the president for US equities to go up. It’s no secret that the US equity market has historically performed best with a divided government. This election is about who’s going to be the n...

We recently reduced our exposure to bonds, the first time in years, due to the more extreme overbought condition of Treasury bonds following the pandemic's onset. In just the last 15 days, the estimates for 2021 have declined by almost $7 per share despite repeated statements of a rec...