The Greatest Treasury Bear Market in History
Source: BofA, Barchart
He probably has a point ->
"Key measures of inflation have reaccelerated in recent months...The implication for investors is that the Fed will keep rates high until nonfarm payrolls go negative, because that is what is needed to get inflation under control:" Apollo's Slok through Lisa Abramowitz
The money market yield spike upends a ton of business models. In this case, landlording in the US
Inded, multifamily cap rate is now BELOW cash rate... Source: Jeff Weniger
Financial Statements Green Flags
Source: Brian Feroldi
Ben Graham's 10 Points that summarize 60 years of Investing experience
Source: MnkeDaniel
Wall Street biggest bear (BofA's Harnett) turns bullish as investors' sentiment turns extremely bearish (which is bullish from a contrarian perspective)
Indeed, with the S&P down in five of the past seven weeks, BofA's Bull & Bear Indicator just printed at 1.9 (extreme bearish), which according to Hartnett means that a contrarian buy signal for risk assets has been triggered.
Top 6 banking ratios every investor should know
Trade Brains
This is the first time since 2000 that Treasury Bills are yielding higher than the S&P 500 earnings yield
Even during the 2008 Financial Crisis, cash never yielded higher than S&P 500 earnings. And the gap between the SP500 earnings yield and cash is widening. Competition from cash and bond yields versus stocks keeps rising. For a USD-reference account investor, here's the median Return by Asset Class: 1. High Yield Savings Accounts: 5.5% 2. 6-Month Treasury Bill Yield: 5.0% 3. Investment Property Cap Rate: 4.5% 4. S&P 500 Earnings Yield: 4.2% Bottomm-line: Cash and Treasury Bills are now paying a HIGHER yield than real estate and the S&P 500. In other words, risky assets are paying less than risk-free assets, i.e taking a risk is compensated LESS than just holding cash. Source: The Kobeissi Letter
