ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on May 15, 2012. Click here to read the entire piece.) So much for that bottoming process in ProShares UltraShort 20+ Year Treasury (TBT) that I noted two months ago (see “Looking Like A Bottom For TBT“). Interest rates are headed lower … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Back in mid-May, I sold my holdings in MUB, the iShares S&P National Municipal Bond ET. I purchased MUB in December of last year because the big discount seemed to big to resist; I was … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) Municipal bonds have had a very quiet rally since the January lows has accelerated in the past month as the bond market in general has found new life. The likely irony is that the economic weakness … Read more
When Bill Gross declared a top in the bond market, MUB, the iShares S&P National Municipal Bond ETF, was still riding high between $105 and $106. Almost three weeks later, MUB cratered to 16-month lows, loudly declaring that the gravy train in munis had likely ended. Over the course of the past month, MUB experienced … Read more
When the Federal government begins its withdrawal from the economy, the implications will be large and the ramifications likely painful. We saw it when Cisco’s stock plunged 16% after reporting earnings partially compressed by a reduction in government contracts. We see it every day as temporary Federal stimulus wanes and takes more and more steam … Read more