Friday the market exhaled in relief. The Dow Jones shot up 200 points, ostensibly in response to a better than expected September employment report. This after a tumultuous two-week period during which US big cap stocks succumbed to the weakness happening everywhere else and dropped almost five percent from their all-time record highs. The best…
QOTD: The Bond Paparazzi
The above comes from an exclusive interview with Bill Gross at Barron’s this weekend. The size issue is interesting – I think it’s kind of cool that we get to watch one of history’s greatest bond managers start over with a much smaller fund. I doubt very highly that the “Bond Paparazzi” will be less interested,…
This Week on TRB
via The Onion These were the most read posts on the site this week, in case you missed them…
A Goldilocks NFP Report
The US economy added 248k jobs for the month of September, the BLS said today. It was way above expectations. Notably, the U6 Underemployment number that everybody harps on is now under 12%, a low not seen since the Lehman Autumn. Also, the headline unemployment rate dropped down to 5.9%. I can’t remember the last…
Warren Buffett’s TV Appearance, October 2nd 2014
The big guy did Squawk this morning. He talked about his love for bank stocks, his new foray into the auto dealership biz, tax inversions, an investment mistake and more. Some clips below ICYMI:
Clips from the Halftime Report
Why the Yield Curve Matters
LPL Financial’s CIO, Burt White, has a very succinct piece of research about why the yield curve is one of the five most important indicators the firm keeps an eye on. He notes the fact that an inverted yield curve has a perfect record of forecasting recessions over the last half-century, although the timing is…
Hot Links: Sad Traders
What I’m reading this morning
Clips from Last Night’s Closing Bell
Chart o’ the Day: Where the Dollar “Should” Stop
There’s really nothing else to talk about other than the US dollar. A convergence of various factors has sent the greenback soaring against the basket all quarter long and it’s had a huge impact on the stock market (not a good one). The higher the US dollar, the worse things get for commodity-related stocks (oil…
