Since “green shoots” of economic recovery first emerged in 2009, pundits have been predictingÂ doom-n-gloom for bond prices. Many assumed that record low interest rates meant that… sooner or later… they’d have to soar. After all, how else would the Fed control the inflation associated with a weakened U.S. dollar?
Of course, none of the rate predictions [...] [...more]
Even an ardent trend-follower who diligently tracks the price of the S&P 500Â must be frustrated. Granted, had he/she sold when the heralded benchmark fell below its 200-day moving averageÂ in August, he may have protected principal… temporarily. However, the strategy would have left one buying-n-selling for losses in October, November and December. Yikes!
Fundamental valuation wonks have [...] [...more]