02/26/2021
Today Timothy Levin & Amy Natterson Kroll, The Hill Securities markets are working, though some don't like what they see. |
Jeff Troutner, Equius Partners Markets are more efficient when they reflect more known information. |
Trish Regan, Am Consequences February 25, 2021 - Much has been said about Dr. Anthony Fauci and his attempts to "control the universe" through his various strict pandemic recommendations... But what about Fed Chair Jerome Powell's attempt to control the world through various market-moving attempts of his own? |
Market Minder, Fisher Investments Bubble chatter is emerging, but is it timely? |
Matt Whitaker, U.S. News & World Report WITH THE GLORY DAYS OF corporate pensions in the past, fixed annuities can serve to augment retirement income from other sources such as Social Security payouts and employer-sponsored funds. A basic fixed annuity is a contract between a person and a provider - such as an insurance company, independent broker or bank - that guarantees the principal invested, a minimum interest rate and set payouts for the life of the annuitant. |
Jessica Menton, USA Today Higher bond yields have arrived. The 10-year Treasury yield, which is closely tied to 30-year mortgage rates and other consumer loans, topped 1.49% on Thursday - its highest level in more than a year. So what? |
Jeffrey Snider, RealClearMarkets What makes "safe" assets perceived in that way isn't really their price. Most often, the idea relates to the fact that there is a dependable market for its class that won't fail except for the most extreme possible cases. If you have to, you can sell the thing the next day left to account only for short-term moves which shouldn't be all that much. The US Treasury market is right now experiencing selling "pressure", most on its longest-dated instruments. Over the past several weeks, rates have risen; some say sharply, alarmingly in inflationary fashion, punctuated by a particularly big move... |
Michael Fumento, American Institute for Economic Research Many in government and public health would like the Covidocracy to continue indefinitely, perhaps forever. And they would probably be encouraged by a survey showing that "nearly three-quarters (72%) of Americans plan to continue to wear masks in public, four out of five (80%) will still avoid crowds and 90% plan to keep up frequent handwashing and sanitizer use after COVID-19." |
Ezra Klein, NYT We don't realize how fragile the basic infrastructure of our civilization is. |
Brad Polumbo, Washington Examiner Experts across the political spectrum have long respected Janet Yellen as an accomplished economist, whether they share her views or not. |
Jessica Melugin & Sam Bowman & John Tamny & Joshua Wright, CEI Is it a horror show of rules, or a revival of reason? |
Jordan Weissmann, Slate It all comes down to the subjective linguistic judgment of an unelected congressional functionary. |
James Picerno, Capital Spectator The reflation trade remains in high gear. For the moment, it's reasonable to view this trend as a return to the pre-pandemic period, before the coronavirus crisis roiled bonds markets and slashed yields. The question is whether the recent rebound in rates has legs and indicates that there's more to the trend than a return to the pre-pandemic "normal"? Unclear, but the answer is forthcoming in the data, including four key metrics that will likely provide early signals of things to come. |
Richard Moody, Regions Bank |
Market Minder, Fisher Investments The more Italian prime ministers change, the more gridlock remains the same. |
Wayne Crews, Competitive Enterprise Institute |
Carrie Schwab-Pomerantz, Charles Schwab Slick trading screens can make investing seem like a game, but investing and gambling are totally at odds. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Morgan Housel, Collaborative Fund The end of a speculative boom can be inevitable but not predictable. |
Eric Compton, MStar Several managers see value in technology and financial services. |
James D. Gwartney, AIER After several decades of relatively low rates of inflation, it is easy to think that we will continue to see little change in prices. But the seeds of inflation have been planted. |
Robert Barro, Project Syndicate Rather than worrying about the prospects of higher long-term expected inflation, the US Federal Reserve is exuding confidence that it can maintain price stability should the need ever arise. It should think again, before the inflation genie has escaped from the bottle. |
Peter Suderman, Reason We have to stop governing by emergency. |
Neil Irwin, NYT A recent rise in interest rates hints that a recovery is on the way, but it could also mean harder choices ahead on spending. |
Claire Kelloway, Vox The meat industry is bad for farmers, workers, consumers, animals, and the environment. It should be the next target in Democrats' antitrust push. |
Naomi Schaefer Riley & Angela Rachidi, Reason The right and the left are ready to send fiscal conservatism off the rails. |
Dylan Matthews, Vox The government shouldn't just be generous. It should be simple too. |
Mikhail Samonov, Two Centuries Investments The power of Intangibles has been growing for the past three decades but 2020 marked the year that intangibles took center stage in the real economy. |
Todd G. Buchholz, PS Numerous US legislators are proposing a new tax on stock trades to slow down social-media-fueled meteors like GameStop. But such a tax would actually make things worse by prolonging the time it takes for a meteoric price rise to correct itself and reunite with reality. |
Susan Dziubinski, Morningstar These narrow-moat firms have positive moat trends and are run by exemplary stewards of capital. |
Macromon, Global Macro Monitor Two words. Endogenous money. |
Ben Johnson, Morningstar Why doing a whole lot of nothing might be the ultimate contrarian approach. |
Ben Carlson, A Wealth Of Common Sense The market always prices in the future. |
Thomas Spain, EPJ The theory of stakeholder capitalism dilutes and undermines the principle of private property. |
Barkley Rosser, EconoSpeak Musk made a billion the bitcoin but lost $30 billion in market cap. |
Leonard Hyman, OilPrice.com The Texas freeze that led to numerous blackouts has made the state painfully aware of the shortcomings of its power grid, but the real problem is much larger, and goes way beyond Texas |
James Picerno, Capital Spectator The bond market is reeling from firmer reflation expectations, or at least some corners of the market are taking a hit. But in the reordered world of fixed income in 2021 there are also winners, based on year-to-date returns for a set of exchange traded funds through yesterday's close (Feb. 23). |
|
|
|
|
