FLGV News and Press, Franklin Liberty U.S. Treasury Bond From 04/26/21

I joined Daniel Lacalle to discuss why markets are mistaken in pricing in a massive economic expansion. We unpack many of the mainstream myths on narratives driving markets and why outcomes will be no different than in the past. The discussion covers a lot of ground, including cor...

Current economic data is certainly strong - although not universally so - but the bond and currency markets may be pointing to some weakness ahead. The copper to gold ratio which peaked in early March, leading bond yields by a full month, has recently resumed its uptrend. The comm...

Sell the old economy (cyclical), value and anything considered risky (small cap), buy large cap, dependable growth (tech), i.e., the bulletproof, the innovators. Valuation doesn't matter - you just need to be somewhere with immunity to the economic ravages of the renewed pandemic. ...

I believe that those investing in the broad stock market indexes are taking a lot of risk right now, and that it would serve them well to hold some bonds. At present, the 10-year Treasury note is priced to return 1.57%/year. The concept of avoiding a bigger loss is a tough one for...

Cullen Roche joins Credo Wealth for a discussion about the macro environment in 2021. The discussion includes the future of inflation, interest rates, Bitcoin and much more. He also shares his views on MMT, the passive investing myth and future of capitalism. For further det...

Rates are caught between improving macro conditions, mostly benefitting EUR rates, and greater risk aversion, mostly impacting US rates. The result is large movements but little direction. This morning, interest rates are back where they started the week after significant gyrations in...

The CPI release last week was hot, but apparently it could be explained as "transitory," which caused the Treasury market to rally and yields to fall. CPI rose last month at an annualized 7.2% rate, and it is likely headed higher. Needless to say, if I expect inflation to rise further...

The March budget deficit came in at $660 billion, a record high for the month and 455% above the $119 billion deficit last March. Outlays were $927 billion vs. income of only $268 billion. Passing two $2 trillion stimulus packages within two months makes no sense when the U.S. economy...

Taiwan accounts for approximately 65% of the world's semiconductor production, but the worst drought in 50 years is proving to be very challenging to semiconductor production, which requires a lot of water. Another industry crisis is expected to be the lithium battery shortage. Ma...

Since U.S. Treasury bonds have fallen more than -20% in value, it looks like we might've seen a short-term bottom and an opportunity to profit in the bond market. Which sectors are performing well in the intermediate term, as well as those that are taking a breather in the short term....