Category: market commentary

The Smashing Effects Of A Trade War

Image by Steve Buissinne sourced from pixabay   There was a period of time when I was obsessed with home improvement shows. I’d watch almost anything on the subject: Backyard makeovers, kitchen remodels, gut renovations, you name it. It’s fascinating to see what a skilled craftsman can do with the proper tools. In fact, if..

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Reframing The Risks And Opportunities In Rates

Source: Federal Reserve Bank of St. Louis, The Integrating Investor estimates   I recently contributed a guest post to Daniel Lacalle’s website. In it, I discuss the significance of this chart which is my attempt to apply a risk management framework to sovereign bond investing. You can find the article in its entirety here.  

Emerging Pieces From The Emerging Markets Decline

Image by Arek Socha sourced from pixabay It’s no secret that emerging markets (EM) are in a bit of a rough patch. While the unfortunate events in Turkey garnered most of the attention initially, nearly anything related to EM has slid in value. What exactly is going on here? Is this just another acute crisis..

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Playing For A Potential Yield Curve Inversion

If you’ve consumed any financial media lately, you’re likely well aware that the yield curve has been flattening. Since roughly 2014, the yield differential between the 10 year U.S. Treasury bond and any number of short-maturity ones has been compressing (the 2 year is most commonly used). Why this has much of the investment community..

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Disintegrated Thoughts: ECB Volatility, Business Building, Speculation, & Judo

Image source: pixabay   For this post, I’d like to offer a few “Disintegrated Thoughts” on some things I’ve been thinking about in the investment markets.  These include: The ECB and volatility deleveraging Business building and ignoring valuations Sticking up for “speculation” Notes from the judo mat A spontaneously “live” ECB meeting and volatility deleveraging..

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Passive & Private Market Force, Ecology & Evolution

Source: Wikipedia. Engraving depicting the Amsterdam Stock Exchange, built by Hendrik de Keyser c. 1612 by Claes Jansz. Visscher   Central bankers catch a lot of flak these days. To be sure, much of it is deserved in my opinion. However, there are two dominant trends in the market place – increasing allocations towards passive..

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The Bursting Of The Volatility Bubble: Part 2

Image by Peter Selbach sourced from pixabay   The following is Part 2 in a two part series. Part 1 of this series discussed my view of what volatility is and how it impacts investing. Here in Part 2, I present my read of the current volatility landscape and examine what it might mean for..

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Knowing When To Walk Away, And When To Run

Source: pixabay   I’ve been suffering from a bout of writers block lately.  I simply don’t have much to say with respect to how I’m thinking about the investment markets.  This has been a little anxiety producing for me given that The Integrating Investor is still young and building an audience (many thanks to all..

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Interpreting The Market’s Monet

Claude Monet, Water Lilies, 1920–1926, Musée de l’Orangerie Source: Wikipedia   Investing is often referred to as an art form.  Models, charts, and regressions can only get you so far.  We are constantly pummeled with an endless stream of data, some of which is important information and some of which is worthless noise.  Drawing order..

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All comments made on The Integrating Investor express personal opinions and should not be construed as investment advice or recommendations to purchase or sell any investment, product or service, nor should the content be relied upon for making investment decisions. Commentaries are for informational purposes only. Please do your own work before investing – fundamental, technical, quantitative or whatever your preferred method may be – as any action you take as a result of reading the content of this blog is ultimately your own responsibility.
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