Pain in the Bond Markets
The Bloomberg Barclays U.S. Aggregate Bond Index, the flagship index for assessing the overall U.S. bond market (think of it as the S&P 500 for bonds), is having one of its worst starts for a calendar year in its history (which dates back to 1976). Indeed, the...
GameStop and the Bitcoin Phenomenon
We have received many questions about GameStop Stock (GME) and Bitcoin in recent weeks. We will cover the basics of these news makers below. GameStop What transpired to launch such wild swings in the company’s stock? What market forces and/or participants were...
Revitalizing the Mix – Changes to the Dow Jones Industrial Average
The Dow committee is making a relatively rare and significant change to the most famous stock index in the world, the Dow Jones Industrial Average. The companies being removed are energy company ExxonMobil (XOM), pharmaceutical company Pfizer (PFE), and industrials Raytheon Technologies (RTX).
2020 Grinds On
As 2020 grinds on, the 2009 analog for the US stock market remains intact. The chart below shows the market bottom and subsequent recovery of the S&P 500 during the 2008/2009 Financial Crisis and aftermath (blue line) and the 2020 Covid Crisis still in process...