Closing Thoughts for the Week
Treasuries, Gold, and Small-Caps
The Big Winners
Michael A. Gayed, CFA
Newsletter
Thanks Dad
For the first time in my career, I had the privilege to ring the NYSE Closing Bell. My partners and I found out about the opportunity last Friday, and despite the Labor Day Weekend and incredible short notice, over 80 people from around the country joined in the celebration on
Macro Observations
Regional Banks Could Be A Big Winner If The Yield Curve Keeps Steepening
The yield curve finally works in favor of smaller banks again. The 30Y-2Y Treasury yield spread currently sits at 129 basis points. This marks the highest level for this spread since the beginning of 2022. This steepening creates a fundamental advantage for regional banks. They borrow short and lend
Global View
A Significant Concern
Trump's unprecedented removal of Fed Governor Lisa Cook marks a potential turning point for central bank independence and monetary policy. The president cited alleged mortgage fraud as justification, but the timing suggests political motivations as Trump has repeatedly demanded rate cuts that the Fed has so far resisted.
Leaders-Laggards
Cyclicals Lead The Way
But Not All Of Them
Weekly Signals
Rewarding Economic Expansionary Sectors
How To Interpret the Signals: Within each strategy, there is a risk-on and risk-off investment recommendation, with the risk-off option being the more conservative of the two. When a particular signal indicates that investors should be risk-off, for example, subscribers should consider investing in the risk-
Closing Thoughts for the Week
Treasuries Look Interesting
Even though the S&P 500 was little changed on the week, we’re still seeing a fairly healthy risk-on shift fueled by Powell’s Jackson Hole commentary. That shift, however, is marked by the return of cyclicals & small-caps, a move away from mega-caps &
Macro Observations
The Fed’s Independence Could Trigger Deeper Problems
The markets reacted to Donald Trump’s firing of Fed Governor Lisa Cook earlier this week in the same way that it’s reacted to a lot of things lately. With a lot of indifference. The markets barely moved despite the fairly significant implications of what could happen if this
Newsletter
Your Labor Day Gift: 70% OFF The Lead-Lag Report (Ends Monday!) 🎁
High Yield Spotlight
Hidden Opportunities In This 11% Yielding Bond Fund
Every week, we'll profile a high yield investment fund that typically offers an annualized distribution of 6-10% or more. With the S&P 500 yielding less than 2%, many investors find it difficult to achieve the portfolio income necessary to meet their needs and goals. This
Newsletter
🔥 FLASH SALE: 70% OFF The Lead-Lag Report (Labor Day Weekend Only!)
Global View
Conflicting Signals
Cuts Coming Or...