Month

October 2016
I’ve been warning all year about a clear and obvious bubble in consumer staples stocks.  The same can be said for utilities and many areas on the fixed income market.  This bubble has been built on the pervasive market sentiment that as long as the dividend yield is reasonably greater than what can be obtained...
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The biggest U.S. banks have now reported 3rd quarter earnings and they have all exceeded expectations.  2016 started so horribly for the big banks.  Poor economic data globally diminished the prospects of rate hikes, oil’s plunge created worries about the need for increased reserve provisioning, and Brexit had investors worried of a systemic collapse.  I...
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Reasonably strong economic growth has enhanced the case for a rate hike, likely in December barring significant negative developments between now and then.  While I’ll be the first to say that U.S. and global economic growth is sub-optimal, current Fed Policies are extraordinary and should only be implemented in extremely dire economic scenarios.  This is...
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