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Growth vs Value is also a bet on the economy … no landing, soft landing, or hard landing?
Growth’s outperformance has started since December 2022 in a contest of declining earnings. Growth stocks are often preferred when the economy is not so strong, because of their superior ability to grow their top-line and continue to thrive even in a not-so-good environment. Instead, value stocks are often preferred when there is strong economic growth,…
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$/JPY and Yen Rates, Currency Intervention or BOJ abandoning negative rates?
It is clearly High Time for the BOJ to abandon its zero rate policy. The time is ripe and the time is N.O.W. This policy shift is poised to have ripple effects on global rates, possibly marking the last sell-off capitulation wave 🌊 that creates the BIG buying opportunity for rates!
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According to this wonderful chart from Carson Investment Research and Ryan Detrick, the dismal performance of the US Stock Markets since July is not necessarily a bad omen. Often when the market is down in August and September (which happened last year in a big way), performance for October and the rest of 4Q23 is…
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#InflectionPoint Somehow I see the point. Coming from over 30 years bull market, it is somehow hard to switch the mindset. However, the fact is that US 10-year real rates plus the 10y – 3M slope are at the lowest point since the 50s. Hard to be long unless one is sure about the incoming recession!…
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While the magnificent seven stocks have soared, each clocking gains of over 50%, the remaining 493 appear to have hit a plateau. This paints a unique picture for potential investors today. The S&P 500 essentially boils down to a handful of standout companies, accounting for 34% of the index’s weight, and sporting an average P/E…
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US Mortgages Before 2020, less than 4% of outstanding mortgages carried interest rates below 3%. Today, a significant 23% of these mortgages boast rates below 3%. The portion of borrowers with rates between 4% and 5% has dropped from 40% to 20%, while only 9% face interest rates of 6% or higher. #InflectionPoint www.InflectionPoint.blog This data…
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