April 21, 2018
The latter part of this week was interesting to the extent the resurgence of the inflation narrative seemed to be at least partially responsible for a (probably fleeting) reversal of the previously inexorable flattening of the curve. 2s10s steepened for
Natural gas had a volatile week. Friday closed at previous week’s levels and buying volumes haven’t picked up and winter withdrawals weren’t that large. We are still selling rallies, therefore, we are looking for opportunity in the 2.80 or
A recent article on the predictive abilities yield curves (Shrager/Quartz) includes a nifty interactive which allows you to look at yield curves over time. Below, I do a snapshot comparison, across the world. Figure 1: Ten year-three month term spread (blue bars), as
The fact that the Zacks Airline industry declined 2.5% in the first quarter of the year highlights the fact the sector is not bereft of headwinds, despite positives such as increasing financial prosperity and the new tax law. Let’s take a look
FUNDAMENTAL FORECAST FOR THE US DOLLAR: BULLISH US Dollar vaults higher as Fed rate hike speculation heats up Continued gains likely if first-quarter GDP data outperforms Macro and Merkel visit Trump, Mexico holds president debate The US Dollar has launched a
This week is a review of where we have been and a look forward as to what may happen next. First, let’s rewind the tape to the beginning of March. “Most importantly, the market is currently in the process of
About 18 months ago, I made a bearish case for Acacia Communications (ACIA) based on the timing, pricing, and nature of a secondary stock offering that was sandwiched between ACIA’s optimistic earnings guidance and subsequent news that major customer ZTE Corp. significantly
The US dollar was broadly higher last week. It seemed as if the inexorable rise in US interest rates may be beginning to give it some traction. The US 10-year yield made a marginal new four-year high, creeping closer to 3%, while
