Fake Bear Market?
Yesterday we highlighted some NYSE 52 week data that suggested the possibility that U.S. equities were deeply oversold and that the August “shock” was so abrupt and severe that those characteristics made it more emblematic of a “fake” bear market than…...
Short Cattle
I’ve been monitoring what I’ve viewed as a bearish set-up in cattle futures for the past few weeks. Specifically, the material rally they’ve had in recent years ultimately appears to have resulted in a blow-off top in June. Subsequent to this peak…...
After Brief Respite, Rates Set to Rise Again
After a brief respite, I believe rates are set to rise again, especially on the long bond. This was a thesis we originally laid out here on 6/15/15. That day rates on the 30 yr closed at 3.09% vs. the…...