When you buy shares of the S&P 500 Exchange Traded Fund SPY you are buying an investment with an end date. Huh? SPY is the largest ETF in the world, with $240.1 billion worth of assets in it as of the end of 2018. It was the first U.S. ETF — and so the way
In my Chart of the Day, I outline how the markets responded last week while in the throes of the biggest flight to safety in decades. Treasuries, gold and the Japanese yen are clocking ‘the largest number of outsized rallies‘ combined since at least 1990. Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character
…Means you must come to America! As you can see in my Chart of the Day, the US bond market represents ~94% of the yield you can capture in all of global bonds. Between ~$17 trillion in negative yielding bonds and bonds that yield virtually nothing, you need to come state side in order to
As you can see in the Chart of the Day, as the yield curve flattens, banks historically have a lower willingness to lend to consumers. This would be carried out via higher credit scores necessary to borrow, higher rates levied for lower scores, tougher standards, etc. Oh and don’t forget banks make LESS money when
In this Chart of the Day courtesy of Macrobond, we see that over 53% of all yield curves globally are inverted. Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation (ICE) | S + R = O IMPORTANT DISCLOSURE INFORMATION Please remember that past performance may not be indicative of future results. Different