Summary: Brexit: Stocks going up while treasury yields are going down? Intuitively it’s not necessarily supposed to be that way! The price action comparison between the stock market and the 10-year U.S. treasury yield since the Friday following the Brexit victory offers an interesting contrast and potential warning sign for investors! Stocks Since the huge move […]
This morning Brent crude hit its lowest level since 2004 while West Texas Intermediate hasn’t had spot prices this cheap since about 2003 (see chart above)! Market experts are in general citing surging levels of crude supply with no appreciable decline in that supply anywhere on the horizon as the major reason for the price drop. A popular […]
The pundits on TV have all glommed onto the common argument that declining crude oil prices are responsible for declining stock prices! I, however, am of the opinion that declining crude coupled with the overall decline in the CRB, are merely symptomatic of a greater potential problem. That is the real possibility for the US economy […]
