The T-Report: The Cascading Yield Sell-Off
Higher Yields Are Bad As we wrote yesterday, higher yields are dangerous. While the market as a whole hasn’t quite caught on to that line of thinking, it seems more investors have. We are watching...
View ArticleThe T-Report: Is It Safe Yet?
Lower Yields Are Good Japanese and Asian Stock Markets in general took a pounding last night. Europe opened weak but has stabilized and is well of the lows. What I find encouraging is that treasuries...
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TF Market Advisors Macro Monitor for June 30, 2013
Waiting for the Beat to Drop It feels like an immeasurable amount of news has hit the market since our last publication a week ago. Some of the news flow should be considered material to thematic...
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The T-Report: A Good Old Fashioned Risk Off Morning?
It Feels Like a Good Old Fashioned “Risk Off” Morning Stocks are lower across the board. Stock futures are down. Gold is up. Treasuries are up in price. Periphery bonds are being sold and Credit...
View ArticleTFMkts Fixed Income ETF Overview & Outlook: A New Definition of Dovishness...
A New Definition of Dovishness After Bernanke’s Q&A Wednesday night it would be hard to argue that there has ever been a more dovish Fed. In fact, this Fed has taken dovishness to an entirely new...
View ArticleThe T-Report: Tightening Credit Conditions
Where is the Economy Headed? We can get 20 more Fed speakers and it doesn’t really matter, as we wrote yesterday, we have a good idea of what the Fed will do under various economic scenarios. The real...
View ArticleTFMkts Instant Reaction: New Home Sales vs Existing Home Sales
Institutional Subscription Only - To Continue Reading Please Sign In IMPORTANT DISCLOSURES This writing discusses general market activity, industry or sector trends or other broad-based economic,...
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The T-Report: Ladies and Gentlemen, Start Your Engines
Let the Race Begin It seems fitting to usher in the fall with the starting call from the Indy 500. Much of Wall Street is hoping for the race to begin again after what seemed like a very quiet summer....
View ArticleTFMkts Fixed Income ETF Overview & Outlook: The What a Weak Edition
When will Bad Morning replace Good Morning as a Greeting? We are in the midst of one of those “bad is good” rallies. The jobs data was weak by any measure. The establishment survey came in at only...
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The T-Report: Logical but Dangerous
T-Bills and the Fed Wire While the politicians inch closer to a deal the market for T-bills has been normalizing. Effectively the Fed has stated that if Treasury gives them one day notice they can set...
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