Ladies and Gentlemen of the waning days of the cyclical bull market, may I present to you the latest innovation in armchair macro strategy – TYTE and WYDE, the world’s first-ever ETF products based on the Credit Default Swap markets! TYTE and WYDE, or “Tight” and “Wide” as we’ll soon be calling them, allow investors to…

There are two things Nick Colas and the strategy team at ConvergEx seem to watch very closely to gauge the condition of the markets. One is the Vix of each sector and the other is the correlations between both sectors and other asset classes. In his note this morning, Jurassic Park Market, Colas tells us…

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Just when I think I can no longer be shocked by a statistic about the bad behavior of investors and its consequences, a new one comes running across my path that leaves me completely floored. The latest stat I’ve come across concerns the hiring and firing of managers because of three-year track records, a exercise in faildom…

I was really thrilled to pick up this morning’s Wall Street Journal and see my name in the Life & Style section, exactly where it belongs 😉 Elizabeth Holmes did a piece on how people present themselves online and I guess I fit the bill as a good (or unique?) example. The story is here:…

The fine gentleman who runs the site CAPERatio.com did a little graphic for me depicting the ten cheapest and ten most expensive stocks in the S&P 500 as of yesterday’s close. Of course, there are no conditions like growth rates or anything layered into this, take it for what it’s worth… First, the cheapest (most…

The below chart comes to us from Altegris CIO Jack Rivkin’s excellent mid-year market update. It’s a reminder that if when interest rates do begin to rise, some areas of the bond market are likely to surprise investors who’ve been reaching on duration for that extra few bits of current yield. They may end up…