Taper Lite on Tap?

Posted on Friday, September 13th, 2013

The old adage of “Sell on Rosh Hashanah, Buy on Yom Kippur” is a little out of sorts this year as the market has risen a little over 1.5% since the dawn of the Jewish New Year. The market is relieved to see no tomahawk missiles flying off US warships in the Mediterranean. The stand-down… read more.

Gold, Syria and Which Way Next?

Posted on Friday, August 30th, 2013

Emerging markets hot money is still taking flight. Hot money that was flowing into emerging markets in recent years has now reversed course along with FOMC policy. It conjures up images of 1997 and the Asian Financial crisis. Those hot money flows have also helped lift gold of late. As Americans it is difficult to… read more.

Omens and Opportunities

Posted on Friday, August 23rd, 2013

It’s all about bond yields. Bonds have approached the 2.9% level on the US Treasury 10 year and that continues to take the wind out of the sails of the real estate and stock markets. New home sales were reported this morning to be down over 13% year over year. Will this lead to a… read more.