Stimulus uncertainty to continue roiling markets in the short-term Dollar set to plummet Bitcoin keeps hitting new records American equities on the Dow Jones, S&P 500 and NASDAQ advanced on Thursday for the second day, ahead of the Christmas holiday. The acceleration came as a narrow Brexit deal was finally agreed on between the European Union and the UK. But…

Editor’s Note: All information provided in this post is correct as of close of markets on Dec. 24, 2020. The coronavirus pandemic notwithstanding, we think it’s safe to say that from a stock market perspective, it’s been Tesla’s (NASDAQ:TSLA) year. Going into the final week of 2020, shares of the Palo Alto, California-based manufacturer of battery-powered cars were up 691%,…

«Бойтесь, когда другие жадничают, и будьте жадными, когда другие боятся» (с) У. Баффет, ежегодное обращение акционерам, 2004 год Для начала, хочу Вам показать “кривую доходности” американских облигаций. С одной стороны, можно сказать, что подобная кривая соответствует нормальному состоянию развития экономики. Но с другой стороны — не совсем. В идеальном случае, чем дольше срок обращения облигаций, тем ниже должен быть рост…

Risk appetite remains strong, with equities and currencies extending their gains on Thursday. The growing prospect of a stimulus deal in the U.S. and a Brexit agreement in the UK drove investors out of safe-have currencies like the U.S. dollar and Japanese Yen. High-beta currencies took flight, with strong gains in sterling, the New Zealand and Australian dollars. The greenback…

The narrative suggesting that QE and money printing lead to massive inflation is a fairy tale. The same story was told nearly a decade ago and it simply never developed, leaving many investors very disappointed. The Fed has gone out of its way to tell investors that the lack of inflation is the biggest threat it faces. What seems hard…