FLGV News and Press, Franklin Liberty U.S. Treasury Bond From 04/09/21

For decades, we have relied upon bonds as a steady source of income, cash flows, and capital preservation. This is no longer true and has not been true for some time now. In my estimation, there is just no worth in the bond markets any longer, whether you consider “Absolute Val...

We look through potential reasons for the April bounce in fixed income. A stubborn Fed and gloomy eurozone outlook provide the best, if unsatisfactory, explanations. Upcoming US inflation data and supply offer the most likely drivers for a return to the higher rates trend. F...

Adam D. Koós, CFP, CMT discusses the stock market, bond market, gold, gold mining stocks, to bitcoin, seasonality, and expectations regarding the next month and beyond. Markets may be a little overbought in the near term, but there’s no reason to be worried or to figure ou...

FOMC minutes reference the IOER (again); with SOFR stuck at 1bp. We think the Fed should hike it already. The ECB's detailed purchase data for February/March shows little change of strategy beyond the pick-up in purchase volumes of late. Today's ECB minutes might document some con...

Europe's Covid-19 and vaccination trouble may be temporary, but the US recovery is powering ahead. Economic and cash flow divergences are likely to bring wider USD-EUR rates differentials. With the risk of a spike this quarter. For further details see: USD-EUR Rates Dive...

Global stocks rose in the first quarter, but volatile trading patterns reminded investors that the road to normal will be bumpy. Solid market gains masked rapidly changing market conditions. Perhaps the biggest overriding risk that surfaced in early 2021 is the power of a sentimen...

If you think last Friday's US payrolls report was a one-off, think again. Another increase in excess of 1 million is coming for April. The only mystery is why US market rates have not risen by more. We think they will. The 5-year is now cheap to the curve, finally. As the 5-year c...

The stock market continues in its 2021 uptrend, and the options market remains a significant influence on stock prices. Earlier this year, I suggested that shares of energy drink company Monster would be interesting as they were engaged in a caffeine war with Starbucks. Stocks are...

In March, the U.S. stock market tolerated the rise in long-term interest rates as long as it was not disorderly or too quick. The 10-year Treasury rate traded all the way up to 1.77% last week, and we may very well surpass that level this week as investors take time to react to strong...

The BLS reported Friday that the US added nearly 1,000,000 jobs in March, a number well above the supposed consensus of 675,000 jobs. It was what the market has been looking for - the arrival of the end-of-the-virus-boom. However, even a booming jobs report that showed job growth acro...