Looking Backwards … LB #1 This week the border bill died in Congress. This was going to be linked to Ukraine aid, aid for Israel, and then provide money for securing the border. I’m not sure how secure it was going to be with a daily quota of crossers which I saw was in one …
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Looking Backwards … LB #1 This week was a firehose of financial news. The Fed meeting resulted in the Fed leaving interest rates alone, but Jerome Powell said that a March rate cut was probably off the table. Treasuries were strong early in the week after seeing the Treasury refunding announcement, more on that in …
Looking Backwards … LB #1 I usually find politics distasteful, I think it is a bought and paid for sordid business, but sometimes it just leaps out and demands your attention and this is one of those weeks. There are some very courageous people who are pushing back against their federal governments and the institutional …
Looking Backwards … LB #1 The rally from the end of last year was back this week, or at least at the end of this week. The S&P 500 powered to a new record and it was driven by the magnificent 7 less Tesla, more on them in a minute. The people are continuing to …
Looking Backwards … LB #1 We begin today with a massively important article written by Randall Forsyth in Barron’s. He is discussing that the treasury market reversal helped fuel the boom in stocks and bonds in the last two months, but he writes don’t expect it to continue. “The Treasury market now is 14% bigger …
Looking Backwards … LB #1 We start today with an article by Alexander Kaufman over at Huffpost.com. Nuscale Power is one of the latest new energy startups that is struggling. This has been a recurring theme for us here at the C Thomas Printer Cooperative, but this is actually a technology that could be a …
Looking Backwards … LB #1 The first thing to do is to make note of an error that I have been making repeatedly. I wrote a piece about the B&B boys- Biden and Blinken, and I misspelled Antony Blinken’s name throughout. Antony doesn’t have an H. Errors must be quickly noted when made and not …
Looking Backwards … LB #1 The bond market had a 20 year auction this week and it went off terribly. We talked in Bygone Relics this week about the massive turnaround and huge rally in stocks and bonds and what were some of the catalysts. Geopolitical risks, bond sales sleight of hands, maybe even the …
Looking Backwards … LB #1 The markets were definitely picking up what Jerome Powell was putting down as the Fed left interest rates flat on Wednesday and Powell’s presser came out with a more dovish tone than expected. He didn’t pivot, but he alluded to a pivot and that was all the markets needed. We …
Looking Backwards … LB #1 Last Sunday night in the Asian markets, gold broke out above $2,100 running all the way up to $2,135 before it triggered a wave of selling. From up almost $60 an oz overnight to down $40 at the end of the Monday session, gold is moving. We go to the …