We Are Reaching A Possible Inflection Point In Both Stocks And Bonds

Ivan Martchev profile picture
Ivan Martchev
1.34K Followers

Summary

  • As Treasury yields have declined by a similar magnitude as to what they did last summer, stocks have rallied by a similar magnitude.
  • The S&P 500 Volatility Index is a few ticks below its August low and close to its lows for the year, save for early January, when we had a bit lower VIX.
  • The sharp gains in the euro come as the Fed is expected to hike more slowly and the ECB is expected to catch up with the Fed, thus shrinking the interest rate differentials.

Stocks and Bonds

DNY59

The investment strategist, by definition, tries to look beyond the short term to see the intermediate and longer-term trends and be aware of how the investment environment is changing. Twenty years ago, I used to follow an institutional investment strategist who had a

CBOE 10-Year US Treasury Yield

S&P 500 Large Cap Index

Euro to US Dollar

This article was written by

Ivan Martchev profile picture
1.34K Followers
Ivan Martchev is an investment strategist with Navellier Private Client Group. Previously, Ivan served as editorial director at InvestorPlace Media. Ivan was editor of Louis Rukeyser's Mutual Funds Newsletter and associate editor of Personal Finance Newsletter. Ivan is also co-author of The Silk Road to Riches (Financial Times Press). The book provided analysis of geopolitical issues and investment strategy in natural resources and emerging markets with an emphasis on Asia. The book also correctly predicted the collapse in the U.S. real estate market, the rise of precious metals, and the resulting increased investor interest in emerging markets. Ivan’s commentaries have been published by MSNBC, The Motley Fool and others. Currently Ivan is a weekly editor of Navellier’s Market Mail and a contributor to Marketwatch.

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