For those who are obsessed with numbers, a whopping 336,000 jobs were created in September, much stronger than the +170,000 expectation, and the biggest gain since January. Once again, the ADP report for last month proved to be a false flag. Private payrolls also jumped by 263,000. Importantly, and reversing the previous trend, two-month revisions were…
To invest or not to invest
“If interest rates are so high why should I invest my money?” I was recently asked by two prospective clients, who are both in their mid to late fifties, to prepare recommendations for them as they are looking to invest. Some investors are reluctant to put money to work with banks offering a more competitive…
Bond meltdown
In case you just got back from a long vacation, investors have been whipsawed as both stocks and bonds were destroyed. Never mind about stocks which are more “volatile” than bonds, the losses in long-duration bonds have now exceeded -50% from the top in what is supposed to be an ultra-safe low volatility asset. This…
Patience is a virtue
Thousands of years ago, before the use of horses, Native Americans utilized a hunting technique that preyed on animalistic instincts. This technique was called the buffalo jump. Hundreds of buffalo could be killed at a time without the use of weapons. Tribesmen would set up a path lined with piles of rocks and tree stumps,…
Winter is coming
The recent spike in oil prices will be a headwind for the inflation numbers to be released in the near future. Some investors are not always rational, and an ugly-looking chart for inflation is going to generate some fears which will lead to higher volatility in the markets. At this point in time, I would say…