Bryan Perry
Soft Landing Premise Still Driving Bullish Narrative
It is hard to find a seasoned investor who doesn’t believe the stock market is overbought on a short-term basis, but there are some underlying catalysts that continue to stoke investor enthusiasm. Bond prices have literally “spiked” sending mid-term to long-term yields decidedly lower, which has taken the average 30-year mortgage rate back down to […]
Strong November to Remember Sets Up Strong Finish to 2023
Coming into the month of November, there was a high level of investor trepidation surrounding persistent inflation, further Fed tightening, the risk of a widening of the Israel/Hamas war, a possible government shutdown and concerns about market acceptance of burgeoning Treasury auctions to meet deficit spending. The economic calendar was also showing signs of a […]
Fresh Tailwinds for High-Yield Bonds in 2024
When compared to just one month ago, global bond prices have risen across the spectrum, with the benchmark 10-year yields falling in tandem after peaking in October. Source: www.bloomberg.com The dash from cash into fixed income in all its forms has been evident. Everything from government sovereigns, government agencies, investment grade corporate, non-investment grade corporate, […]
Key Levels to Consider in an Overbought Market
Investors would be hard-pressed to find an experienced market technical analyst that doesn’t think the major averages are “pegged” at current levels, hovering in extremely overbought territory and due for at least a short period of consolidation. It’s a quandary, in that there is the FOMO (fear of missing out) crowd that missed out on […]
Investors Embrace a Magnificent Move From Big-Cap Tech
For the past month, the number of risks to the bond and stock markets has risen, with some pundits wondering just how the market can trade so confidently higher when it appears that there is the clear and present potential of one or more large-scale events unfolding that pose a systemic risk to the U.S. […]
Short-Term, High Grade Corporate Bonds are a Sweet Spot
It’s rare when the Street gets excited about bonds. But after last week’s wink and nod from Jerome Powell that the pause on rates might also mean the Fed is done for the cycle, all classes of bonds ripped higher in reaction. Calls from trading desks around the world to “lock in rates” were resonating […]