Fee-Only Financial Planning in North Carolina

Contact Us at: (919) 228-6312

Monthly Archives: June 2017

NYSE Margin Debt: nothing to see here…

NYSE margin debt for May was posted. Adjusted for M1 money supply, it fell from approx $551B to approx $528B. I’m expecting a new all-time high to be reached this month at $555B. Nothing to see here….

SPX: odd one out…still…

An update….   SPX: Long Bond: USD/JPY:   USD/CNH:   Something’s gotta give….    

Bullard: not my job to burst bubbles

Jim Bullard (St Louis Fed Prez and one of the biggest policy doves/bubble blowers  around) gave a speech this morning. The upshot: It’s not my job to burst bubbles. Tech is to blame for the SPX bubble. Wait for things to look better before any more rate hikes. full chart deck here: link  

Shortage of German Bunds not a problem (despite FT view)

There’s an interesting article in the FT this morning (link here if you have an FT subscription).  It suggests that because the ECB has for two months in a row not been able to buy its German Bund quota (per its own QE program), the QE program will have to be tapered.  Let me suggest the FT is wrong in their view. The ECB […] Read the rest of this entry »