Treasuries

Energy: Crude failed to make it to higher ground closing down just over 1% today. I remain convinced a bottom is near but let the market reinforce that before establishing any size on your long positions. RBOB failed to hold the 8 day MA but did probe above that level mid-day. A close above $2.68...

  All I read these days is how much Treasuries are overpriced.  At the beginning of 2011, Bill Gross, the famous bond fund manager at Pimco, predicted serious losses for long-dated Treasury investors and he publicly announced that Pimco had sold its massive Treasury positions.  In addition to...

We are very excited to have Tony LaPorta provide three charts as well as his commentary on the overall market. In the past week, Tony has called a short on the Gold market with the price in the 1715 area (well ahead of this week’s sharp drop). In addition to that he had an excellent long call on...

Around here we like to track things from the outside in, as the initial movements at the periphery tend to give us an early warning of when things might go wrong at the center. It is always the marginal country, weakest stock in a sector, or fringe population that gives us the early warning that...

Aside from the fact that the equity and commodity markets are substantially higher than they were at the end of last week... we really don't have too much more to add. Nothing new at least. The arguments have been that the markets tested the point of maximum stress around a week ago... and held....

The current environment most resembles that of late 2008, but with one key difference: our leaders are now somewhat aware of the scale of this crisis and they are prepared to support markets. Heck even the Swiss are devaluing, which means a retest of new lows in stocks is unlikely in most markets....

Every time we read or hear the financial news we are amazed that the stock market hasn't fallen even further. Surely the bears have to be right given the state of  global growth and the apparent certainty of a Greek debt default. Surely the smart money still heading for the exits has to be correct...

Standard and Poor's downgrades the federal government's AAA credit status to AA+ and what happens? Money stampedes into Treasuries. This must make some investors scratch their heads and wonder how on earth 30-year yields could sink even after a downgrade of US debt. Investors only need to look...

QE2, the program that the bi-winning Fed started last November to buy $600 billion of US Treasuries, is scheduled to end in late June. While the market is still priced for a continuing QE2 or a QE3 program, some people are not so certain. Among the doubters, the most influential person is likely...