ITE News and Press, SPDR Bloomberg Barclays Intermediate Term Treasury From 08/27/19

Who wins? It's probably no news to you that the recent flight to quality has hit the U.S. Treasury market hard. Yields on government debt have sunk precipitously amid a flurry of safe haven buying. Intermediate-term debt has been especially impacted. In the past year, the yield on the 10-yea...

Just recently, Rex Nutting penned an opinion piece for MarketWatch entitled "Consumer Debt Is Not A Ticking Time Bomb." His primary point is that low per-capita debt ratios and debt-to-dpi ratios show the consumer is quite healthy and won't be the primary subject of the next crisis. To wit...

I have decided that it is all the fault of the damn Pink Flamingo. It arrived recently from France, and it has just been causing havoc. Equities on Friday got swacked, bonds were up like gangbusters and people were fleeing for safe retreats, safe havens, safe anything, including cash. All whil...

The Chinese economic situation is unsustainable and could lead to a debt crisis, Kevin Caron, senior portfolio manager at Washington Crossing Advisors, told viewers of Real Vision’s Trade Ideas. Unusually for an emerging market economy, China has 50% of its GDP in investment an...

I have written repeatedly that we live in the era of the bubble in ‘bubble calling’. Cognitive biases, and the subsequent confirmation bias, tend to influence the dynamics of both the growing popularity of calling market moves bubbles, as well as the eventual development of actua...

Last week ended with equity markets taking another dive that accelerated into Friday's close as the trade war with China intensified heading into its 18th month with China announcing that it will impose retaliatory tariffs on US goods. The S&P 500 closed down 2.5% for the third time this m...

Economic nerds are converging on Jackson Hole for their (our?) annual meeting, and the big story of the event will be a controversial opinion by Larry Summers, which he laid out on Twitter yesterday. He is presenting a paper in which he argues ( gasp ) that monetary policy isn't as effecti...

By Guy Barnard, CFA & Tim Gibson Guy Barnard and Tim Gibson, Co-Heads of the Janus Henderson Global Property Equities Team, discuss the implications of negative-yielding bonds on listed property stocks and highlight the importance of active management in this environment. In the su...

August 23 - Reuters (Se Young Lee and Judy Hua): "China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates in the dispute between the world's top two economies. The latest salvo from China co...

As talk of a new recession grows louder, everyone is watching some favorite indicator. The yield curve, claims for unemployment, the quits rate - you name it. What surprises me is how few people are watching an underappreciated indicator from the New York Fed that uses more than just price dat...