In a week that includes the publication of FOMC meeting minutes, speeches from seven Fed officials, and the release of PMI data, Nvidia’s earnings announcement may be the most anticipated event of all. Click here to read the entire article on Forbes.
(FORBES) (Published Works) How To Maximize Yield And Take Advantage Of Cheap Mortgage Bonds
Mortgage-backed securities, or MBS, are currently an attractive alternative to Treasuries. The main reason for wide spreads is elevated implied volatility due to their inherent negative convexity. Traditional mortgage ETFs are not the best way to capture a potential tightening in spreads. Large ETFs like MBB and VMBS provide exposure to the entire mortgage market, not just the current coupons with the highest spread.
(FORBES) (Published Works) Why The Fed Dot Plots Differ From Market Pricing Of Monetary Policy
The path for interest rates in 2024 is undoubtedly one of the most significant issues for investors. Virtually everyone agrees the next move is lower, but there is little agreement on when the Fed may begin to ease rates and the cumulative amount it may ease policy. The Fed’s own Summary of Economic Projections, also known as the ‘dot plot,’ indicates rates will be lowered by 0.75% in 2024 from the current 5.25%-5.5% band to 4.5%-4.75%. The financial markets are expecting almost double that. What should investors believe? The Fed or the market?
(FORBES) The End Of The Supply Chain Crisis: A Relief From Inflationary Pressures
Not more than a year ago, all eyes were focused on the disruption in the global supply chain. Ports were backed up, transportation costs were soaring, and there was a shortage of essential consumer goods. These bottlenecks caused massive stress in the economy and skyrocketing inflation. Today, things are very, very different.
(FORBES) Unleash The Power Of Diversification: Boost Your Bond Portfolio Returns With Alternative Fixed Income Sectors
Diversification is vital in the bond market, where many investors primarily concentrate on “core bond” portfolios composed of government bonds, agency mortgage-backed securities, and investment-grade corporate bonds. Despite their popularity, these portfolios may lack sufficient diversification.
(FORBES) (Published Works) 5 Reasons Causing Pain In Struggling EM Debt Markets
EM debt is one of the worst-performing asset classes so far this year. In my latest Forbes article, I highlight the external forces that are responsible for the majority of the pain. Click here to read the entire post on Forbes
(FORBES) (Published Works) Over Confident Markets Anticipate Steep Drop In Inflation
Markets were surprised by how quickly inflation accelerated and were late in abandoning the “transitory” narrative. They may be early in their prediction for disinflation. Click here to read the entire story on Forbes
(FORBES) (Published Works) Latest Inflation Surprise Sends Treasury Curve And U.S. Dollar To Record Levels
Rising inflation and worries of an economic slowdown caused a severe flattening of the yield curve and propelled the U.S. dollar to new highs against several major currencies. Click here to read the entire post on Forbes
(BLOG) (FORBES) Russia’s Failure To Reopen Nord Stream Pipeline Would Cripple Germany’s Economy
Russia has found alternate demand sources for its oil & gas faster than Europe could find new sources of supply. It may use its leverage to extract additional pain in the West by refusing to reopen the Nord Stream 1 pipeline that is currently shut down for “scheduled maintenance.” Click here to read the entire …
Continue reading “Russia’s Failure To Reopen Nord Stream Pipeline Would Cripple Germany’s Economy”
(BLOG) (FORBES) (Published Works) Tech Rebound Drives Equity Advance As The Dollar Hits New Highs
Technology shares staged a huge rebound last week. The next round of earnings releases may determine whether the gains will hold. Click here to read the entire story on Forbes.
