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Bond yield rise buoys stocks as quarter ebbs
The dance of bonds and stocks - Thursday markets were up as bond yields rose. When bond yields rise, bond prices go down. The markets were uptight recently (this week) as Yield Inversion (short term...
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Santa Anita horse racing carnage continues
I am a horseplayer. And very sad one. The Santa Anita horse racing carnage continued Sunday, just three days into the renewed meet. There is much to be said about the riding crop, and lasix, and...
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Yield Signs
Yield SignsAn episode of Bloomberg Surveillance alights upon the concern of the moment in finance and economics. That is the Yield Curve Signal or Signals.Tom Keane’s guest was Joachim Fels, Pimco...
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Certainty, be gone!
Doubt is not a pleasant condition, but certainty is an absurd one – Voltaire, via Michael Lewis[April 9, 2019] - The day yesterday was somber, cold and rainy. The Red Sox left tying runs stranded, and...
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Japan bond yields have recovered
The central bank offered to buy 160 billion yen ($1.4 billion) of securities maturing in the 10-to-25 year zone at Friday’s regular operation, versus 180 billion yen previously. It also lowered...
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Cistron in the Kona Gold Stakes
Cistron flew out of the gate and led by expanding lengths through and past the wire. The win and the exacta were welcome in Romeo's household. Now it is off to Robert Hall for Easter clothes for the...
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Four pillars on the Town
The discussion of yield inversion has subsided. Earnings are coming in. Reading Barrons. And hearing Master of Business, where guest William Bernstein, a neurologist who got into investment as a hobby...
View ArticlePat On the Back - 2019 - The Affirmed Success Stakes
[Apr 26 ] - A rainy Friday made for a sloppy, then sealed, track on opening day of the Spring Belmont meet today. That made for two scratches - Runaway Lute and Tribecca - both on my ticket. The ticket...
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Mott's Country House wins Derby as foul called on Maximum Security
By no means would I claim to have anything to add to the discussion on the actual running of this year’s Kentucky Derby, which was the most controversial such running in my 30 plus years of following...
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The Week of May 6 in Markets - Trade Wars: What Are They Good For?
CorrelationsTrade wars had been absorbed and resolved by the psychology of the market, but this week there was some percolation. Last week ended with signs that job growth was strong, and that the U.S....
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Racing luck
Horse sense is the thing a horse has which keeps it from betting on people. - W. C. Fields"Racing luck" said Tyler Gafflione, was on his side in the Preakness. The luck wasn't with his charge War of...
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Big Bank Frozen Yen
Big Bang Theory writer and producer Dave Goetsch has interesting finance. It was cool to hear him tell how he it would read the WSJ and learn about stuff like the status of Japanese Yen, and getting...
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Shifting trade expectations give pause
The splendid little trade war that Wall St. imagination conjured is slipping behind a veil. And instead there is the possibility of a drawn out battle that no one wins. It's happened in about a week....
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Bolo surprises at 32-1 in 2019 Shoemaker Stakes
Warhol's take on Bill Shoemaker, racing great and stake's namesake.Aracdia, Calif. -- The Shoemaker Mile in 2019 draws an interesting field. Families are out for the day - the kids playing in the...
View ArticleMaybe passive doesnt work the same in bonds: Pimco's Braun
On Barrons, David Braun, Managing Director of PIMCO, explains the flaws of bond indexes, and how to exploit them to boost returns.
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Sell the rattling news event
“Buy the rumor and sell the news.” - Anonymous“It would seem there is a specific reason behind every day’s market action, or at least journalists think so.” – Norman “Fearless” Fossback (Stockmarket...
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Sir Winston wins 2019 Belmont Stakes
The Triple Crown has recently (the last 20 years) been a tough nut to crack for Racetrack Romero. Not all loss by any means, but seldom fulfilling payoffs for the individual races or the series on a...
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Accidental Camera
I picked the winner in the Poker Stakes - not that I can pick him out in the picture! Actually, it's #5 Gucci Factor, on the outside. No news here: Missed the exacta.Seeing things that are otherwise...
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Up and away
The month saw strident moves forward by the indexes. The Dow had its best June since 1938. On Saturday, as Xi and Don Trump’s eyes met, and they agreed to agree to talk about talking about a tariff...
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Divining Rod Redux
Which way did it go? Which way did it go?SourceInteresting view of S&P at nearly midpoint....in 2017 it continued up throughout year. In 20`8 it peaked at 192 days and then fell significantly.
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