I’ve updated my investment ideas page. (members click here). As always, this week’s write-up includes specific equity, ETN, and ETF analysis. Updates of note this week include changes in my near term view on the US Dollar, and some concerns on US equities. Here’s some samples from this week’s update:
The question though is the yield curve is expressing a view now that they are concerned with the US economy’s ability to handle more rate hikes at this late stage of the economic cycle. This can be seen in 2s/10s spread which is BELOW where it was on election day. It is today at 87 bps vs the 100 bps where it stood on the day Trump won.
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Was Friday June 9th the beginning of the end of this bull market? Who knows but at the least, a case of acrophobia finally afflicted the names we all know so well that the whole world seems to have piled into. There is no room for error here in US stocks. Valuations are extreme, the Fed is tightening policy and US growth is slowing. WATCH YOUR BACK.
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Peter is the Chief Investment Officer at Bleakley Advisory Group and is a CNBC contributor. Each day The Boock Report provides summaries and commentary on the macro data and news that matter, with analysis of what it all means and how it fits together.