Dollar, Dollar, World on Fire
The Greenback has been on a tear since mid-July, up more than 7% against most major currencies. Not too long ago, most professionals were...
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Christian Armbruester
- Sep 25
- 1 min
Divi-Dance
People sure love their dividends and what’s not to like about taking some money off the table every once in a while? The problem is...
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Christian Armbruester
- Sep 18
- 1 min
When The Levee Breaks
Fund manager allocations to longer-term bonds are at a multi-decade high. For good reason — after starving in the lands of low interest...
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Christian Armbruester
- Sep 11
- 2 min
Arriba Andale
At the heart of every good agreement, lies an uneven set of needs and resources. Mexico lacked technology and access to capital, the US...
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Christian Armbruester
- Sep 4
- 2 min
Tinker, Taylor, Bail-Out
The irrational exuberance in the Nasdaq is back to levels we last saw just before the dot com crash, and by any measure “cheap” is not a...
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Christian Armbruester
- Aug 7
- 1 min
American Superstar
You may not have noticed, but America has recently become more powerful than ever. In the last fifteen years, the US economy doubled in...
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Christian Armbruester
- Jul 31
- 1 min
Son of Printing
Remember the more than US$50 trillion we printed to save the world, twice? Yeah, it seems we didn’t get the memo on that (Office Space,...
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Christian Armbruester
- Jul 17
- 1 min
Running Bulls
To put it into technical terms: the markets went a bit nuts last week. The S&P broke 4500, 10-year Treasury yields are safely back below...
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Christian Armbruester
- Jul 10
- 2 min
Property
“No one beats Vitus Gerulaitis 17 times in a row,” said the Lithuanian Lion after finally defeating Jimmy Connors at the 1980 Masters and...
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Christian Armbruester
- Jul 3
- 1 min
Red Dragon
I remember when a chicken restaurant franchise went public. The analysts pushing the stock told us not to worry about the somewhat lofty...
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Christian Armbruester
- Jun 26
- 1 min
Circle of Life
Maybe it’s a cultural thing, but for some reason mortgages in the UK tend to be fixed for much shorter terms than in the US or the...
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Christian Armbruester
- Jun 19
- 1 min
Hope, Revisited, Again
It would seem we made the bottom in the S&P 500 sometime in October last year. Back then, we were worried about inflation, earnings, the...
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Christian Armbruester
- May 30
- 1 min
Yields
Short term interest rates have been a one way bet for more than a year now. The folks in the bond markets may have some ideas about when...
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Christian Armbruester
- May 22
- 2 min
Mega-Caps
Believe it or not the FAANG index, you know the one with most of our favourite super-sized technology stocks, is up 50% year to date. The...
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Christian Armbruester
- May 15
- 1 min
Fringes
Equity markets have been quiet since the end of March, trading in tight ranges of less than three percent across most indices. That is...
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Christian Armbruester
- May 2
- 1 min
Darling Buds of May, Revisited
After the euphoric market performance of 2021, followed the rather depressing 2022, but believe it or not 2023 has been a great year thus...
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Christian Armbruester
- Apr 3
- 1 min
Get Real
I remember talking to a macro trader in 2011. He advised me to pile into real assets, because you know, the world was ending. Since...
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Christian Armbruester
- Mar 13
- 1 min
Banks
It was carnage last week. Of course, SVB is no Lehman Brothers, but nonetheless the S&P 500 regional banks index lost 18%, in its worst...
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Christian Armbruester
- Mar 6
- 1 min
Confusion
Things continue to look strange. The S&P500 is stuck around 4000, still some 20% from last year’s top. Meanwhile in Europe, we are near...
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Christian Armbruester
- Feb 20
- 1 min
Cryptos, Revisited
One thing is certain, no one cares about cryptocurrencies anymore. After rising into the stratosphere as part of the everything-rally...
47 views0 comments
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