The Wizard speaks

Watch Fed Chairman Jerome Powell speak after the central bank’s market-moving policy decision You may listen to the man talk about putting the Genie back in the bottle at the link above. What an assured and measured sounding man. It sure does sound like he has it all under control. Maybe this is all that’s needed. Gold bugs, Austrian economists be damned. Let the Genie … Continue reading The Wizard speaks

indicators

Fed Funds Rate, CRB & 2yr yield; a macro picture

2-year Treasury yield indicates rising Fed Funds to come The link between commodities and Fed policy has been hit or miss (at best). However, when you add in the 2 year yield, AKA the short end of the bond market that is directing the Fed, you can see a better correlation to the Funds Rate. Indeed, in 2013 (which you will recall was the beginning … Continue reading Fed Funds Rate, CRB & 2yr yield; a macro picture

Second bright spot in a week: CMC Materials

As my portfolios get pressured by the market’s fear of a Fed trying to stuff the inflation it created back in the bottle, I’ve had a second positive surprise in the last week. First was the Kinross buyout of Great Bear Resources (noted at end of the article) and today we have CMC Materials stock (CCMP) getting taken out by Electronic Materials play Entegris (ENTG). … Continue reading Second bright spot in a week: CMC Materials