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Correlation | August 2, 2017

Posted on August 2, 2017

The correlation among stocks rose over the past week as the reflation theme that dominated early this year appeared to reassert itself. This creates a macro theme of rising interest rates and strength in inflation sensitive sectors and regions. We think it is important to keep an eye on rates for further indications of this […]

Momentum | August 1, 2017

Posted on August 1, 2017

Overall, July was very positive for stocks and fairly weak for bonds. Globally, much of near-term momentum has been driven by emerging markets. This trend has been persistent all year and we think it is likely to continue. Surprisingly, commodities have recently turned around, particularly in energy and more specifically oil. This could just be […]

Income Report Card | July 31, 2017

Posted on July 31, 2017

The 10-year Treasury rate rose, ending the week at 2.32%. This week did see a push higher in many of the reflationary sectors that dominated the early part of the year. Should this trend continue, we expect rates to break out of the recent trading range. See the data

Momentum | May 2, 2017

Posted on May 2, 2017

Our Observations: Short-term momentum in stocks flipped from negative to positive over the past week. We think this could be a signal that the recent correction has ended and the long-term upward trend has resumed. This is confirmed by the recent pullback in bonds, resulting in the assets barely holding onto positive momentum in the […]