FLGV News and Press, Franklin Liberty U.S. Treasury Bond From 01/20/21

Last week, the 10-year Treasury bond yield continued to rise, as last Tuesday's bond auction had a lackluster bid-to-cover ratio of 2.47. This means that the Fed is going to have to do more quantitative easing or the federal government is going to have to curtail its spending. The Fed...

The speculative "V" is one of the most interesting and challenging features of the market cycle. I continue to expect a loss in the S&P 500 on the order of 65-70% over the completion of the current market cycle. Somehow, policymakers have come to imagine that the paper value o...

The state of the stock market, bond market and interest rates. Relative Strength investing and investing in the " playoff teams". Post-election year seasonality and what to pay attention to in 2021. For further details see: 2021 Market Outlook - The Fed, Stimulus, Season...

At the halfway point of January, the market has struggled to hold onto its gains. With another $2.8 trillion in stimulus hitting the economy, inducing the Fed to do more QE, markets were seemingly unimpressed. As we will discuss, there is ample evidence that "everyone is currently...

The large-cap Nasdaq collapses of 1973-1974 and 2000-2002 are likely to be repeated along with severe losses for many other fluctuating assets. Safe-haven assets have quietly completed important bottoming patterns. The disappearing Trump mystique provides an emotional excuse for "...

The federal deficit for the first quarter of the new fiscal year was reported at $573 billion, up 61% y-o-y. Washington borrowed 45 cents of every dollar spent during the quarter. It can be called "Financial Dominance" or the layperson's "trapped," but markets operate today with high ...

This article concludes that quantitative easing as a means of stimulating economies and financing government deficits will fail. The underlying assumption is that the transmission of additional money to non-banks in order to inflate financial assets, and to banks to cover government f...

Annualized change in Headline and Core CPI, not seasonally adjusted, for each of the past six months, and Headline and Core CPI for urban consumers since 2007. Also included are the eight components of Headline CPI and a separate entry for Energy, which is a collection of sub-indexes ...

The sell-off in the Treasury market is following the footsteps of other mini-bear markets that have happened at the tail end of recessions. Barring some economic fireworks, it is entirely likely that yields will enter range-trading mode. For now, the question remains as to what levels...

2021: The year of the vaccine. Sectors to watch in 2021. 2021 corporate earnings could rise 30%. For further details see: Will Vaccines Boost Earnings And Help Fuel A Global Recovery?