“Gilty” as Charged – OWTW

A lifetime ago now — actually, it was only back in January of this year — the 30-year Gilts traded at 80bps. A few weeks ago that hit 5% and now trades at 4%. And if you’re a visual learner, here’s the bond chart for you: As we commented in

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Getting Spanked – OWTW

  WHAT IF… It’s been a while since we touched on the bond market here, but our buddy Kuppy just penned a thought-provoking piece on the topic. A short teaser: Imagine what would happen if 30-year treasuries collapsed and yielded 10%, offering a real yield of almost 2%, or potentially enough to compensate

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The Mania Rages On – OWTW

If the last couple of years we had a retail mania on the upside, we now appear to have a mania on the downside. Here’s Bloomberg on the state of the markets these days: It’s quite a change in tactics for retail traders. Enticed by the sharp equity rally and

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The Hottest Commodity Few Are Talking About – OWTW

  THE GREAT COMMODITIES BULL MARKET: GOOD THINGS TAKE TIME The latest report from Marathon Resource Advisors on the state of the commodities market is well written and really easy to understand, and we highly recommend you read it. To whet your appetite, we’ll highlight three charts from the report. You might

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Welcome to the Dark Ages 2.0

  NEW PODCAST WITH CHRIS MACINTOSH Chris recently joined Jason Burack on his Wall St. for Main St. podcast to discuss all the “batisht” crazy things happening in the global macro arena right now such as: 0:48: The biggest risks to the global economy right now (out of control inflation, the

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Coal: Talk dirty to me

Around the world, demand for dirty coal keeps growing and coal prices are running like the police are after it. In light of this, it’s worth highlighting just how hated and underinvested coal equities still are today. In 2006, coal miner Peabody Energy (BTU) traded at 31x P/E and was flagged as a “burning buy” (H/T to @GringoInvesting). For

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Is the Commodities Bull Market Over?

Over the last few weeks we have seen the dumping of commodities stocks like never before. The recent pull back in anything commodities-related has folks (including many of our readers) question the entire commodity bull market thesis. But volatility and risk are not the same thing. Commodities are notoriously volatile,

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