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James Picerno

  • Analysis & Comment

James Picerno's Comment & Analysis
A complete archive of James Picerno's articles, including current analysis & comment - Page 43

The last time you could lock in a real (inflation-adjusted) yield with inflation-adjusted Treasuries (TIPS), the world was still cleaning up the mess from the financial crisis. A lot has changed since...
All the major asset classes fell last week, extending a run of risk-off sentiment of late based on a set of ETF proxies. Investors are struggling to decide if the latest decline is noise or marks the...
It’s been clear for some time that US recession risk has been sliding in recent months, but this week’s updates of a widely followed GDP nowcast published by the Atlanta Fed has been...
For much of the year, the bond market has been embracing expectations that the Federal Reserve’s interest rate increases have peaked or were about to peak. The underlying logic centered on the...
Recession forecasts continue to swirl in some corners of the economics profession, but early econometric estimates for third-quarter GDP data suggest that the expansion will persist for now.US output...
Most of the world’s markets are still posting sizable gains year to date, but the recent selling has claimed another victim for the loss column. As of Friday’s close, three of the 14...
The 10-year Treasury yield continues to trade at a level well above CapitalSpectator.com’s fair-value estimate, but the gap suggests that further increases in the benchmark rate are facing...
The global rise in interest rates may be peaking, a view that’s helped lift most corners of foreign bond markets year to date, based on a set of ETFs through yesterday’s close (Aug....
The recent rally in risk assets has confounded some analysts, but right or wrong, the revival in animal spirits still has momentum, based on several proxies of market behavior via ETF pairs through...
Investors continue to price in high odds that the Federal Reserve interest-rate hikes are history after last month’s quarter-point increase. But the latest comments by several central bank...