Music interlude: The Beatles just released a short documentary on how they put together their last song, which releases tomorrow. I'm just a weepy mess here.
I like how everyone always wonders "omg why did the Beatles split up, it's such a mystery!" and meanwhile Paul and everyone else close to the band is like "literally Yoko"
eh I dunno. They seem to say that the money stuff was also a major problem. That the Beatles had become a financial operation as much as a band and as a result everyone was starting to hate everyone else.
I am old enough to have been more shocked with Yoko Ono’s singing, than her naked body on the cover of an LP record album.
Meanwhile on CNBC today:
“One thing that the market is going to have to confront is we cannot sustain these interest rates and this deficit any longer,” Jeff Gundlach said. “We can’t afford this government that we’re running at today’s interest rate level. It’s completely unsustainable.”
Solid call here, just before world stocks rose 9% in a few months.
Ned Davis Research @NDR_Research Global bull market in the making. Global breadth is improving, tech and energy trends are consistent with a cyclical bull within a secular bull, interest rates support prospects for the global equity uptrend to continue. Noted @TimH_NDR
bond yields crashing today, productivity breaking out to new levels, inflation numbers looking good, and the greed and fear index is in fear, almost at extreme fear. Nice setup for a rally!
bond yields crashing today, productivity breaking out to new levels, inflation numbers looking good, and the greed and fear index is in fear, almost at extreme fear. Nice setup for a rally!
*BLOOMBERG DOLLAR INDEX FALLS OVER 0.7%, BIGGEST DROP SINCE JULY
bond yields crashing today, productivity breaking out to new levels, inflation numbers looking good, and the greed and fear index is in fear, almost at extreme fear. Nice setup for a rally!
*BLOOMBERG DOLLAR INDEX FALLS OVER 0.7%, BIGGEST DROP SINCE JULY
I like how everyone always wonders "omg why did the Beatles split up, it's such a mystery!" and meanwhile Paul and everyone else close to the band is like "literally Yoko"
eh I dunno. They seem to say that the money stuff was also a major problem. That the Beatles had become a financial operation as much as a band and as a result everyone was starting to hate everyone else.
It was Paul, not Yoko. The other three Beatles had settled on an Allen Klein as their new manager following Brian Epstein’s death, but Paul wanted his wife’s father Lee Eastman. So, yeah, it was money stuff.
Happy Days are here again! Well, except for grumpy old Igy...
I told you guys aug and Sept sucks for market - Nov and Dec is when it rocks - 4000 here we come!
Grumpy old Igy’s EM Bond CEFs are currently up 2.25% on the day. Largely on lower global bond yields and a drop in the Dollar. It is interesting to note that Jeffrey Gundlach highlighted Closed End Funds (CEFs) as an exceptional value on CNBC yesterday.
Mohammed El Arian: “This sort of yield volatility is not normal for a security — the US 10 year government bond — that serves as an important benchmark for the financial system, domestically and beyond.
It is also not desirable as it undermines constructive financial intermediation, harms the global financial standing of the US, and risks breaking something.”
Month after month, we've learned that the post-pandemic inflation was transitory and can't be compared to other inflationary periods.
Here's a reasonable guy in November 2022 looking at the historical record and saying 'it won't be different this time - core inflation will take years to kill off.' Core was running at 6% then. It's down to 4% now. Which isn't 2%, but it is dropping, for the most part.
Knowing economic history doesn't always make you able to predict the future. It often IS different this time.
Post See new posts Conversation Bob Elliott @BobEUnlimited It typically takes 12-18m of slowing pvt sector comp growth until core inflation falls. This year pvt comp has been growing steadily at 7% ann. Given these linkages, it's going to be a long time before core slows significantly. Thread studying history, first with 2000. 15m lead:
Here is the late 80s cycle. Lead time here was substantial. Almost 2 years, with a bit of a hiccup in the middle that clearly extended it. pic.twitter.com/ZoKja3Im33
TLT (very long treasuries) is up 8% in a couple weeks. Wow. People are racing to lock in these high yields for years.
I remember stories about people who did this at key points and enjoyed high returns for decades.
Remember I bought TLT 3-4 weeks ago but then stopped out with a $20 loss? That stop cost me. I did not re-enter. Although I have been selling short-term bonds and buying intermediate bonds hand over fist.
This post was edited 7 minutes after it was posted.
TLT (very long treasuries) is up 8% in a couple weeks. Wow. People are racing to lock in these high yields for years.
I remember stories about people who did this at key points and enjoyed high returns for decades.
Remember I bought TLT 3-4 weeks ago but then stopped out with a $20 loss? That stop cost me. I did not re-enter. Although I have been selling short-term bonds and buying intermediate bonds hand over fist.
Global bond yields down, along with Dollar, back up double digits on my entire EM Bonds CEFs with yield at 14%.