by Ted Bauman | Feb 26, 2021 | Bauman Daily, Economy, Federal Reserve, Interest Rates, Investing
Yesterday, 10-year Treasury yields jumped past the 1.5% trigger point I warned about last week. Right on cue, the tech-heavy Nasdaq plunged 3.5% — its worst sell-off since October. It’s not just Wall Street that’s in a panic. The federal government and many sectors of...
by Ted Bauman | Feb 19, 2021 | Bauman Daily, Federal Reserve, Inflation, Interest Rates, Investing, Stocks
Outrageous tech sector price-to-earnings ratios stretch the imagination — Tesla’s now stands at more than 1,200 times trailing earnings compared to about nine for the auto industry! Investors are happy to buy at these prices if interest rates and inflation stay low....
by Ted Bauman | Jan 19, 2021 | Bauman Daily, Federal Reserve, Inflation, Stocks, U.S. Economy
Once upon a time, parents told their children scary stories at bedtime to get them to behave. Mine wielded Maurice Sendak’s incomparable Where the Wild Things Are (although I found it more exciting than frightening). What scary stories does the stock market tell...
by Ted Bauman | Jan 15, 2021 | Bauman Daily, Federal Reserve, Inflation, Stocks, U.S. Economy
Wall Street has good reason to worry that rising inflation could send stock prices tumbling. Higher prices in the real economy are inherently bad for the stock market. And — as I show using charts drawn from a recent article by Lyn Alden Schwartzer — three converging...
by Clinton Lee | Jan 13, 2021 | Bauman Daily, Cannabis, Federal Reserve, Interest Rates, Investing, Stocks, Tesla
By now, you’ve probably read countless predictions about what will happen in 2021. And you’ve likely noticed similar themes for what will transpire in the year ahead. That’s because most analysts don’t stray too far from the herd. After all, nothing is worse than...
by Ted Bauman | Dec 29, 2020 | Bauman Daily, Corporate Earnings, Federal Reserve, Investing, Stocks
Normally, predicting the economy is easier than picking winning stocks. Economic indicators like the purchasing managers’ index are pretty reliable, while individual companies can generate all sorts of surprises. In 2020, the pattern reversed. Successfully predicting...
