The Risk to the Rally

Posted on Sunday, January 28th, 2018

The Risk to the Rally is the Rally itself. We came across a note from a research firm that we will not name. We highly respect the firm but the comment struck us like a thunderbolt. “Nothing can seemingly stop this market in 2018”. That is a very bold statement with 11 months to go… read more.

Fear of Missing Out

Posted on Saturday, January 20th, 2018

Courtesy of Cashin’s Comments this week comes an interesting insight about the bond market from a stock market maven who has had a hot hand. Jim Paulsen sent our friend Arthur Cashin an email in which he explains history’s treatment of stocks when bond yields move quickly. Since 1980, when the 10-year bond yield was… read more.

S&P To Triple in 2018

Posted on Sunday, January 14th, 2018

If you read our Quarterly Letter you know that the overriding question is at what level will bond yields begin to hurt stocks? Well, courtesy of “Bond King” Jeffrey Gundlach we have a number. Gundlach held his yearly January conference call this week which is always fascinating and filled with thought provoking ideas. In his… read more.