Bryan Perry
Janet Yellen’s Egregious Denial of the Federal Deficit Bubble
The tried-and-true Wall Street maxim of he or she is “talking their book” couldn’t be more accurate or timely to describe what is being spewed from Treasury Secretary Janet Yellen. She is, apparently, in full denial of the stress being placed on the bond market due to escalating debt issuance and elevating yields from lack […]
Global Tension a Catalyst for Energy Assets
Last Tuesday’s release of September retail sales showed a monthly increase of 0.7% and above the 0.3% consensus following an upwardly revised 0.8% increase, from 0.6% in August. Excluding autos, retail sales were higher by 0.6% month over month, compared to a forecast of just 0.2%. Excluding gasoline, retail sales were still higher by 0.7%, […]
Rising Uncertainty Both Here And Abroad Stifles the Bulls
Prior to Hamas’s invasion of Israel, the stock market was pretty strongly teed up for a seasonal year-end rally. There has been lower-trending economic data to offset the still-stubbornly inflationary data that keeps the bond market in check. The dollar continues to trade higher, attracting foreign capital from around the world. And to the surprise […]
Stock Market Focus on Earnings Amid Geopolitical Stress
The massive surprise attack on Israel by Hamas over the weekend adds to an already fluid set of potentially destabilizing scenarios around the globe that only makes investing in U.S.-based assets that much more attractive. This is an unprecedented attack that will result in a major escalation that has regional implications, beginning with how nations […]
Bond Yields Reflecting Growing Risk With U.S. Debt and Structural Issues
For Wall Street and investors alike, it was good riddance to the month of September, where broad selling pressure weighed on both stocks and bonds. It was a time to be long oil and oil-related stocks, floating rate debt and the dollar. Not much else was working. Hopefully, October and the ushering in of third-quarter […]
Seeking Extreme Income in a Rising Rate Market
As far as the Fed is concerned, interest rates will be higher for considerably longer than both the stock and bond markets were banking on. The policy statement accompanying the rate decision laid out a path where the Fed is not expecting to reduce rates in 2024, essentially modifying in a negative manner the policy […]