iSpy A Re-Rotation

March 8, 2021

ICYMI: There is a massive rotation going on the stock market, out of growth and into cyclical value. We have been writing and speaking about it for months. It is not hard to identify… just …

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Bank Shot – XLF

February 24, 2021

As most readers know, a large part of a bank’s earnings power is its net interest margin, per WSJ: More precisely, it is a measure of the difference between what a bank pays to get …

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What a Hunk of JNK

February 17, 2021

My good friend Peter Boockvar, CIO at Bleakley Advisors and author of the blog, had a note out this morning with a mention of the price action in corporate bonds: I talked yesterday about …

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