Emerging markets rely on greenbacks
How’s your portfolio looking this morning? The S&P/ASX 200 is up 0.83% so far this morning. The major bank stocks are up. As is mining giant Rio Tinto and BHP. Although, we had a nice lead-in from the US market overnight. The Dow Jones Industrial Average rose 2.50% while we were sleeping. What does this mean, though? Does it indicate that the recent market falls are behind us?
The bull market in bonds still has legs
Is the thirty-seven year bull market in US Treasury notes dead? Yields to maturity on 10-year US Treasury notes are now at their highest level since[...]
OPEC couldn’t stop this rally even if it wanted to
Uh oh, the oil market is really starting to run up now. Brent crude hit US$85 overnight. When does it slow down? I have no idea, but[...]