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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 47

The market continues to price the US 10-year Treasury yield at a relatively wide spread over its “fair value,” based on the average estimate of three models assembled by...
Investors are celebrating what some say is a new bull market for the broad US equities market, but the party remains on ice for commercial property shares.Last year’s bear market that hit risk...
U.S. Bonds Eased, Risk Assets Rallied Last Week
By James Picerno - Jun 12, 2023
Buyers pushed up prices for most of the major asset classes last week. US bonds were the downside outliers, based on a set of ETFs through Friday’s close (June 9).Government fixed-income markets...
Has U.S. Stock Market Entered a New Bull?
By James Picerno - Jun 09, 2023
The U.S. stock market closed on Thursday (June 8) with a 20% gain above its previous low in October, triggering announcements by a number of analysts that a new bull market has started.Let’s dig...
Shares of technology firms, along with digital communications and consumer discretionary stocks, are the US equity market leaders by a wide margin in 2023, based on a set of ETF proxies. The rest of...
The headwind isn’t expected to soften for the world economy in 2023. For a second year in a row, global economic activity will ease, predicts the World Bank. There’s also a bit of good...
U.S. Economy Set to Continue Growing in Q2
By James Picerno - Jun 06, 2023
The odds remain low that the US will slip into a recession in the second quarter, based on current GDP nowcasts compiled by CapitalSpectator.com. Although recession forecasts endure, the numbers...
Based on a set of ETFs, widespread gains lifted nearly all the major asset classes for trading in the week through Friday’s close (June 2). The downside outlier: commodities, which slipped...
The expected long-run return for the Global Market Index (GMI) ticked up to a 6.0% annualized pace in May, slightly above the previous month’s estimate. The forecast, based on the average...
Most of the major asset classes fell in May. The upside exceptions: U.S. stocks and cash. Otherwise, red ink prevailed last month, based on a set of proxy ETFs representing the world’s primary...