Why is the market so obsessed with fiscal stimulus? Because the reopening continues to stall.... Read More
Think of the Fed as a post and the bond market as a horse tied to that post. The horse will remain in place, tied to that post, unless spooked by inflation. The horse has the ability to rip that post from the ground and run wild. The post cannot stop a scared horse.... Read More
Europe's second COVID wave grows. Is a similar trend beginning in the U.S.? We also show the latest on the election betting markets and polls.... Read More
Our podcast series, Talking Data, offers timely insights into macro data and its impact on the economy and markets. In today's installment, Jim offers his insight on the risks a second COVID wave in Europe poses.... Read More
We have argued the rising coronavirus counts in Europe have been a big influence on US stocks' slide lately. The U.S. has not seen a similar magnitude rise yet, but the fear is the US will eventually follow Europe's path.... Read More
Foreigners sold a record $54 billion of corporates in July as the dollar's slide continued.... Read More
As the largest correction since March continues, we are seeing little evidence of options traders exiting their long positions.... Read More
COVID-19 cases are rising rapidly in Europe, suggestive of a second wave. Are more lockdowns coming? Is this why markets are stumbling?... Read More
It seems nothing moves the bond market anymore. Thank the Fed's massive QE purchases for suppressing interest rates and encouraging investors to reach for riskier alternatives.... Read More
Evidence continues to mount that speculators have piled into the options market.... Read More
The 60/40 portfolio has come under fire lately, prompting some managers to question if gold can act as a hedge to stocks.... Read More
Overheated speculation in the options market continued last week as retail bought record amounts.... Read More
Yesterday Jim was on Bloomberg TV talking about the election and markets. Detailed was the divergence between polls and the betting market along with the heated speculation in the options markets that contributed to the decline of the last few days.... Read More
Speculation with U.S. equity listed options is rampant. Options volume, combined with retail trading volume, might make up as much as 40% of NYSE volume.... Read More
