by pentoport | Mar 30, 2020 | Commentary
My clients have known for a long time that the nucleus of the next crisis will be in the over-leveraged corporate bond market. This notion was confirmed recently in an article from the WSJ: companies that borrow in the junk loan market are now in a far weaker...
by pentoport | Mar 23, 2020 | Commentary
The U.S. National Debt is about to surge like never before, along with the rest of the entire planet’s gigantic pile of sovereign IOUs. America started with a $23.5 trillion debt before the Wuhan virus outbreak, with annual deficits running over a $1 trillion; and...
by pentoport | Mar 9, 2020 | Commentary
March 9, 2020 Wall Street hit a new all-time high on February 20th. It was supposed to be smooth sailing from there, riding along the global liquidity wave. But then, that wave crashed into what turned out to be the fastest correction from a new high in the history of...
by pentoport | Feb 25, 2020 | Commentary
February 25th 2020 In Fed Chair Jerome Powell’s appearance before Congress on February 11th, formerly known as The Humphrey-Hawkins testimony, he asserted that the U.S. economy was, “In a very good place” and “There’s nothing about this...
by pentoport | Feb 10, 2020 | Commentary
February 10, 2020 A few days ago, the market was crashing on Coronavirus fears. But recently, the market has soared back based upon the hopes of a vaccine and some better than expected economic data in the US. The ADP January employment report showed that a net 291k...
by pentoport | Jan 28, 2020 | Commentary
January 28th, 2020 There are a handful of stocks in which institutions and individual investors have recently piled into. This behavior is emblematic of all bull markets once they begin to hit the manic phase. Wall Street falls in love with a few high-growth darlings...
