To recap my previous post, the NASDAQ composite has recovered most of its gains from its recent selloff and is approaching all-time-high prices as tech stocks have recovered momentum. The S&P 500 (SPX) Index reached record levels last week as investors look with optimism toward an accelerating economic recovery. NASDAQ Index – (2 Year Chart) Read More
View from Crystal Bay: China’s Impact on Commodity Markets
China’s economy has a major impact on commodity markets and China’s leaders are not afraid to throw their weight around. Right now, we’re witnessing an attempt by China to slow down the rise in commodity prices. Chinese factory price index, released on April 8th, grew by 4.4% year-on-year, well ahead of economists’ estimates of a Read More
View from Crystal Bay: COVID Bingo: Vaccination Roll Out
As the new case counts decline and vaccination numbers march forward in the United States, we can see the end of the coronavirus pandemic on the horizon, at least domestically. A few other countries are also doing well, led by Israel, Seychelles, United Arab Emirates, Bhutan, Chile, the United Kingdom, Serbia, and Hungary. (As an Read More
View from Crystal Bay: Is the Global Trade Cycle Coming Turning a Corner?
Investors aren’t limited to only investing in the S&P 500 and the Dow Jones Industrial Average. Every week we share the market trends we are following. We are interested in whether the trends in those markets are continuing or if they are experiencing a temporary or complete reversal. When we identify trends, we are only Read More
From the Trading Desk: Unfamiliar Territory
To recap my previous post, US Treasuries continue to be in the spotlight. Last week, the 10-yr Treasury Bond yield passed 1.7%, levels last seen more than a year ago. As a reminder, it started the year around 0.90% and has nearly doubled in less than three months. 10-year US Treasury Bond Yield (GT10 Govt) Read More