5-year Treasury Cheapest In Years After Selloff
The five-year treasury yield hit a multi-year high relative to the average of the two- and the ten-year rates (the 5-year treasury is cheap on a relative basis). The chart …
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E On MFMIX, FANUY And More
Today’s publication of two contrasting purchasing managers’ indexes (PMIs) may mark a major market shift. On the one hand, the HSBC March ‘flash’ survey of Chinese manufacturing outlook came up …
Read More ‘Candy Crush’ Maker King Not Meeting Market Expectations On First Day Of Trading
King Digital Entertainment, maker of the wildly popular mobile game Candy Crush, went public Wednesday morning on the New York Stock Exchange after raising about $500 million in an IPO …
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Will The Backlash Against Facebook Be The Doom Of Its Acquisition Spree?
Spending your inordinately over-valued ‘currency’ on an ever-reaching (and increasingly over-valued) portfolio of dreams may have been the stuff of expanding multiples and social media stock-lovers; but for the creator of …
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Durable Goods Mixed In February 2014
The headlines say the durable goods new orders improved in February. Our analysis says the opposite. There is no argument, however, that if one excludes aircraft – this is not …
Read More Is The Yield Curve Really Flattening?
There is a lot of talk now about a flattening of the yield curve. This talk has been among the most intense right here at the website you are reading at this …
Read More A Brilliant Look At US Monetary History
Bob Prechter on the Quality of Money and Stock Prices Regardless of whether one is a fan of Elliott Wave Theory, it is undeniable that Bob Prechter frequently presents extremely …
Read More The Three Stooges Debunk MyRA
A little skit ran through my head the other day… The house lights dimmed and the bright American flag glistened in the background. The crowd hushed as a tall man …
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France Vs.Germany – A Eurozone Puzzle
Here is a puzzle. We are seeing an unexpected divergence in private sector activity indicators for Germany and France. The manufacturing report for France came in materially better than was …
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Market Commentary: Markets Open Higher Then Trend Lower On Positive Durable Data
Opening Market Commentary For 03-26-2014 Premarkets were up +0.45% and had a momentary +0.05% gain when the US Durable Goods for February came in at 2.2% versus the 0.8% expected …
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