Markets

By Comstock Partners It seems incredible that the Fed is creating the third bubble within 11 years, but that is what is underway. In the late 1990s the Fed kept the pedal on the gas and helped engender the dot-com bubble that collapsed…

You have to watch this video to believe it. The speculation in the commodities market is well out of hand. Cotton futures are at a record high on speculation that demand in China will continue to increase, as China is the world’s largest…

By Win Thin Portugal remains in the market spotlight as its 10-year yield remains above 7% for the 10th straight day. Furthermore, today Portugal’s 5-year yield broke above 7% for the first time and continues the pattern that we saw with…

Here's more from the CNBC session with Kyle Bass, Managing Partner of Hayman Capital Management. David Faber introduced the topic as a discussion about tail risk and the "end of the world" trade. Bass took exception to that…

Kyle Bass doesn't believe that the bloodletting in the muni market we have seen so far is enough to warrant taking on the increased credit risk that municipal bonds now have. Bass, who is a principal at the hedge fund Hayman Capital…

from the Brown Brothers Harriman Currency Strategy Team Highlights The dollar is largely confined to narrow trading ranges, with sterling one of the day’s top performers following BoE’s Sentance comments that the inflation report…

By Win Thin Now that we are about halfway through Q1, we thought it would be helpful to take a look at how equity markets have performed so far this year.  The tables below summarize MSCI performance for a variety of countries and…

Highlights The US dollar is little changed since Friday but stronger against the euro, which is largely a sign of euro weakness as opposed to dollar strength. The euro is susceptible to event risk this week, after hitting recent highs,…

By Claus Vistesen One of the main investment and trading themes crystallised during Q4-10 was the move out of emerging markets and into developed markets. As with all themes, it started as a contrarian misfit moving against the truck loads…

By Win Thin There is no real news behind the recent underperformance of Portugal bonds, as it appears that markets are simply getting more nervous as the country’s 10-year yields stay above 7% for the fifth straight day today and for 10 of…