Click Here to Subscribe Now! Try a 3-month trial for only $68

Strebler's Perspective

June, 2017 Archives

Random Ramblings

by Jon S. Strebler

 

This week Britain’s Sunday Times offered the view that stock markets, especially in the US, are “set to fall after years of artificial support.” The artificial support they refer to, of course, is years of central banks buying fixed income assets, thus flooding world economies with cash and pushing interest rates near to and even below zero. High bond (and stock) prices have been accompanied by historically low volatility levels – a situation that cannot last forever and carries huge risks when reversed. Such as the US Fed is now doing in an economy that may not be inflating (the desired background for such a move) and remains at risk of deflating.

PREMIUM - CLICK TO READ MORE

The Shorter View

By Jon S. Strebler

 

Last Friday, Mary Anne and Pam Aden wrote a great piece on Big Bull markets. That’s surely where we want to keep our eyes focused: on the big picture. But if that’s all we do, then there’s no reason for daily or even weekly commentaries; we’d just let you know every few years or whenever the big trend changes. You’d be bored to death and turn elsewhere for market news, and we wouldn’t make any money by selling our services. 

PREMIUM - CLICK TO READ MORE

Chart Reviews

by Jon S. Strebler

 

Last week was momentous, one that sort of took our breath away. The co-main events were former FBI head James Comey's testimony before the US Senate, and the snap UK election. Comey's appearance meant different things to different people, but overall did not have much of an impact on the markets – not initially, at least. Was the NASDAQ's collapse after first heading higher on Friday a delayed reaction to Comey, or due to other factors? That's not at all clear yet.

 

PREMIUM - CLICK TO READ MORE

China's Turn Again?

by Jon S. Strebler

 

Dropping out of the Paris accord will be "the single worst executive decision of Trump’s lifetime, not just his presidency." So says the San Diego Union Tribune (a conservative Republican newspaper) editorial board in what is perhaps hyperbole that fits our times. But the President, who famously and humbly averred that "I alone can fix," America's problems, and also advised us that he knows "more about renewables than any human being on Earth," not to mention more about taxes, government, nuclear horrors, etc, is the ultimate example of hyperbole and hubris. So perhaps the SDUT's editorial board is going a bit, well, overboard with their analysis. We can hope. 

PREMIUM - CLICK TO READ MORE