CWS Market Review – February 16, 2018

Feb 16 12:02 2018 Print This Article

“Sometimes the hardest thing to do is to do nothing.” – David Tepper

Don’t be fooled, the storm hasn’t passed. Sure, stocks bounced back this week, and that’s nice to see. But mark my words–the bears will be back.

The big news this week, outside the stock bounce, was the CPI report. On Wednesday, we learned that January had the largest increase in “core” prices in nearly 13 years. Is inflation finally on its way back? For now, call me a doubter, but we’ll look at what this means for us and our portfolios.

The bond market seems to be taking inflation seriously. This week, the 10-year yield broke above 2.9% for the first time in four years, and the one-year came close to cracking 2% for the first time in nearly a decade. Do you realize what this means? Things are starting to look…normal. Dear Lord! Compared to where we’ve been, normal is downright strange. Consider that in October 2014, the one-year was yielding a microscopic 0.09%.

Read More

About Article Author

Crossing Wall Street

As an experienced fund manager, Eddy Elfenbein created Crossing Wallstreet to help investors avoid the mistakes that separate successful investors made. The key to doing well on Wall Street is actually very simple: Buy and hold shares of outstanding companies. But too many investors never learn this valuable lesson. He gives investors his free and unbiased view of the market. Eddy analyze's dozens of companies every week and is always looking over income statements and balance sheets. He's spent several years collecting a list of the best companies to own. His buy list is on Crossing Wallstreet. All of the information on this site is free and unbiased.

  Categories:

Related Items

Yuan Decline: Concerning But Not Systemic

Amid fears of escalating trade tensions, the yuan’s sharp depreciation against the dollar last month has spooked some investors who see similarities with China’s currency devaluation in 2015, an episode that prompted capital outflows and roiled markets worldwide. Yet despite the similarities, d ...

EMA.PR.C To Reset At 4.721%

Emera Incorporated has announced: the applicable dividend rates for its Cumulative Rate Reset First Preferred Shares, Series C (the “Series C Shares”) and Cumulative Floating Rate First Preferred Shares, Series D (the “Series D Shares”), in each case, payable if, as and when declared by the ...

July 16, 2018

There was a good article in the New York Times regarding lagging paycheques in the US: Yet many are far from making up all the lost ground. Hourly earnings have moved forward at a crawl, with higher prices giving workers less buying power than they had last summer. Last-minute scheduling, no-poachi ...

Beware of the Flattening Yield Curve?

Neel Kashkari, President of the Minneapolis Fed, wrote a new essay on the flattening yield curve:This time is different. I consider those the four most dangerous words in economics.Today, policymakers are paying increased attention to the so-called flattening yield curve — the difference in yiel ...

Cellectar Biosciences (CLRB) Stock: Soaring On Strong Clinical Data

Cellectar Biosciences Inc (NASDAQ: CLRB) is flying early on in the market this morning, and for good reason. The comapny provided a clinical update, showing overwhelmingly strong results from its Phase 2 clinical trial. Of course, the news excited investors who sent the stock soaring. Today, we’ll ...

Asterias Biotherapeutics (AST) Stock: Heads For The Top On Clinical Data

Asterias Biotherapeutics Inc (NYSEAMERICAN: AST) is having an incredibly strong start to the trading session this morning, and for good reason. The company announced a six month data readout from a clinical study that proved to be positive. Of course, the news excited investors, sending the stock sc ...

New Concept Energy (GBR) Stock: Flying On NYSE News

New Concept Energy, Inc. (NYSEAMERICAN: GBR) is having an incredibly strong start to the trading session this morning, and for good reason. News broke with regard to the company’s plan to regain compliance with NYSE regulations that proved to be a source of excitement for investors. Today, we’ll ...

AMERI Holdings (AMRH) Stock: Flying On Project Win

AMERI Holdings Inc (NASDAQ: AMRH) is having an incredibly strong start to the trading session this morning, and for good reason. The company announced that it has secured a new project that not only will drive revenue, but acts as an entrance into a new sector for the company. As you could imagine, ...

UK PM May Under Fire Compromises Again on Brexit Bill

Prime Minister Theresa May bowed to pressure from Brexit supporters in her governing Conservative Party on Monday, accepting their changes to a customs bill that underpins Britain’s departure from the European Union. May, vulnerable in parliament after losing her party’s majority at an ill-judg ...

UK data keenly watched as BoE prepares rate hike

Is August rate hike hanging on this week’s data? It’s shaping up to be another interesting week for the UK both in politics – as MPs debate two new Brexit-related bills – and on the economy, with a number of data releases potentially paving the way for an August interest rate hike. While th ...

GBP/USD – British pound edges higher, investors eye UK job numbers

The British pound has recorded slight gains in the Monday session. In North American trade, the pair is trading at 1.3266, up 0.24% on the day. On the release front, British Rightmove HPI surprised with a decline of -0.1%, its first decline since December. In the U.S, core retail sales dropped to ...

The Global Expansion: Still Strong but Less Even, More Fragile, Under Threat

By Maurice Obstfeld July 16, 2018 Versions in عربي, Baˈhasa indoneˈsia, 中文, Español, Français, 日本語, Português, Русский  The escalation of trade tensions is the greatest near-term threat to global growth (photo: wildpixel/Getty Images by iStock) Amid r ...