The market got what it expected from the FOMC meeting yesterday, as the Fed is set to taper asset purchases at the expected pace, with some flexibility on a shift in the pace in the likely event that the overheating US economy requires that they second guess the ponderous move...
Fed commits to staying behind the curve for now
Today we look at the market getting what it wanted from the FOMC, as the Fed delivered the expected pace of QE purchase tapering, even if it reserved the right to shift the pace at future meetings if warranted. Our belief is that it will prove more than warranted and...
Market Quick Take – November 4, 2021
The Fed will initiate a tapering of asset purchases later this month at the expected pace of $15B per month, but with flexibility on the pace of reductions in the forward guidance. The market took the news in stride as yields were little changed relative to recent ranges, while equity...
Crude oil consolidates with focus on OPEC+ and Russian gas
Crude oil is increasingly showing signs of having entered a period of consolidation after rallying by one-third since August. In this update we highlight some of the reason behind the recent weakness, most of which we believe to have a temporary impact, and not strong enough to prevent even higher...
Your Cheat Sheet for Finding the Market Crushers
I ended up moving furniture away from one corner and herding it there, finally sweeping it into a little cardboard box.
November’s Monthly Market Outlook: Beer, Soup, and India
The time has come once again!As our veteran readers know, with each new month comes a new Monthly Market Outlook from our experts here at True Options Masters.And this one is critical.I don’t want to spoil it, but the sector Chad is focused on this month is one that almost NOBODY...
Sour grapes for green transformation amid COP26 talks
Investors are not delighted about earnings today from Vestas and Orsted, the two giants in the green transformation, showing that delivering on COP26 will not happen without headwinds.At the COP26 meeting the political class and industry talk about goals for the future to limit the impact from climate change, but...
FOMC: taper tantrum in rearview mirror?
Today we look at the long term implications of Republicans winning the Virginia governor race in the US, perspectives on the US bond market after the under-appreciated trauma globally in the short end of yield curves nearly everywhere and whether a bit more calm post-FOMC tonight in rate expectations might...
Market Quick Take – November 3, 2021
US and European equity markets continue to show broad strength, with this week producing strong gains for European indices in particular, while Asia ex Japan is in a rather different place with a weak session overnight as China concerns weigh. Today brings an FOMC meeting at which the Fed is...
Two ETFs to Beat the Market in November
An average gain of 6.4%, or about the same as the SP 500 in that span.My colleague Chris Cimorelli bought call options instead of the ETFs and fared much better.I recommend continuing to hold both LIT and ARGT.