Monthly Archives: January 2015

Should You Fade the Plunge?

Many market cycles are marked by disproportionate investment in one sector.  That sector, post financial crisis, was energy, particularly oil.  The oil price fell with the crisis, bottomed at the end of 2008 and rallied to post crisis highs in April 2011 … Continue reading

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Winter Is Coming

 

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All Aboard!

The ECB has boarded the Quantitative Easing train.  Perhaps the deflation that is stalking Europe finally prompted the move. Mr. Draghi and the ECB board have had the benefit of observing Fed policy and Bank of England policy working, versus … Continue reading

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Where’s the Hot Cocoa Martha?

It was cold on Saturday, 17º F at the start. That’s about -8º C to the rest of you folks.  It was too cold for a road ride.  The dirt roads of Bedford beckoned. Twenty eight miles and 2700 feet of climbing … Continue reading

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Painted into a Corner

On January 15th, the Swiss National Bank (SNB) stopped defending its currency peg of Swiss franc (CHF) 1.20 to the euro (EUR).  It also imposed a -0.75% overnight rate and moved its target for 3 month libor to -1.25% to … Continue reading

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