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A Second Trump Term Stokes The Inflation Narrative

A Second Trump Term Stokes The Inflation Narrative

By Michael Lebowitz and Lance Roberts | Nov 7, 2024 | Daily Market Commentary
After Tuesday night’s initial election results started to point to increasing odds of a Trump victory, bond yields began to rise sharply, as shown below. The surge in rates was not a sud...
De-dollarization Or Re-dollarization? – RIA

De-dollarization Or Re-dollarization? – RIA

By Michael Lebowitz and Lance Roberts | Nov 6, 2024 | Daily Market Commentary
Some gold and Bitcoin bugs claim the U.S. dollar is being inflated away and that our politicians and the Fed are abusing its status as the world’s reserve currency. While the narrative m...
Residential Construction Jobs At Risk

Residential Construction Jobs At Risk

By Michael Lebowitz and Lance Roberts | Nov 5, 2024 | Daily Market Commentary
The number of residential construction workers has almost doubled since the aftermath of the financial crisis and housing bust. The graph below on the left shows that after a brief hiccup...
Market Polls To Help Handicap The Election

Market Polls To Help Handicap The Election

By Michael Lebowitz and Lance Roberts | Nov 4, 2024 | Daily Market Commentary
With election eve upon us, we thought it would be helpful to share market based presidential election polls along with Greg Valliere’s final thoughts.The graph on the top left sho...
PCE Price Index Is Back Into The Pre-Pandemic Range

PCE Price Index Is Back Into The Pre-Pandemic Range

By Michael Lebowitz and Lance Roberts | Nov 1, 2024 | Daily Market Commentary
It’s too early for the Fed to claim the infamous “mission accomplished” for inflation. However, yesterday’s PCE price index is now within the Fed’s mission accomplished...
Will Halloween Fear Bring November Cheer For Bondholders?

Will Halloween Fear Bring November Cheer For Bondholders?

By Michael Lebowitz and Lance Roberts | Oct 31, 2024 | Daily Market Commentary
The last two Halloweens capped off a few frightful months for bondholders. However, as we share below, 10-year bond yields reversed course on Halloween in 2022 and 2023. Will 2024’s harr...
Market Turbulence Ahead: Buckle Up

Market Turbulence Ahead: Buckle Up

By Michael Lebowitz and Lance Roberts | Oct 30, 2024 | Daily Market Commentary
Many events could roil the markets over the next two weeks and/or send them surging. Accordingly, it’s worth summarizing the political, monetary, and economic schedule to prepare for mar...
Continuing Jobless Claims Diverge From Initial Claims

Continuing Jobless Claims Diverge From Initial Claims

By Michael Lebowitz and Lance Roberts | Oct 29, 2024 | Daily Market Commentary
Along with this week’s BLS, JOLTs, and ADP labor market reports are the weekly initial and continuing jobless claims data from the BLS. While the market doesn’t seem to focus on the co...
Compounding With Passive And Active Strategies

Compounding With Passive And Active Strategies

By Michael Lebowitz and Lance Roberts | Oct 28, 2024 | Daily Market Commentary
The Tweet on the left below from Charlie Bilello makes a strong case for a passive, buy-and-hold investment strategy. Supporting his graphical evidence is a quote from investment legend Ch...
Robo-Taxi: Tesla Or Uber? – RIA

Robo-Taxi: Tesla Or Uber? – RIA

By Michael Lebowitz and Lance Roberts | Oct 25, 2024 | Daily Market Commentary
What a difference two weeks make. Despite a 15% gain on Thursday, Tesla shares are back to where they were two weeks ago. The stock fell roughly 15% when its Cybercab robo-taxi presentatio...