<CLICK TO READ THIS WEEK'S NOTEBOOK> Global equities retreated last week while bonds tried to stage a rally and then failed, thus remaining within what appears to be a down trend. BND, the Vanguard Total Bond Market ETF remained below the 20 day Exponential...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Global equities were mixed last week while U.S. equities slid and bonds appeared solidly entrenched in a down trend. BND, the Vanguard Total Bond Market ETF remained below the 20 day Exponential Moving Average and 50 day...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Global equities struggled last week while bonds drifted higher. BND, the Vanguard Total Bond Market ETF remained below the 20 day Exponential Moving Average and 50 day Simple Moving Average.Recent excess deaths as measured...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Global equities moved sharply higher while bonds were mixed with high yield moving higher and less risky issues slumping lower. BND, the Vanguard Total Bond Market ETF remained solidly below the 20 day Exponential Moving...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Global equities were mixed with the S&P 500 hovering near the 50 day moving average while bonds remained within a longer term consolidation range. Such price action is encouraging given last week's news flow.Somewhat of...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Global equities pulled back sharply during the last week while bonds moved somewhat lower, remaining within a longer term consolidation range. High yield was an exception, moving below the recent consolidation range.Excess...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> U.S. equities and bonds appeared to consolidate in a wide ranging channel during the last week. Individual countries diverged and appeared to decrease their price correlation with one another. Various sectors within U.S....

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Roughly speaking, last week could be considered a consolidation week for U.S. equities albeit one with elevated volatility. The bond complex was mixed depending on where in the term structure one were to look. Slow recovery...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Market "fragility" was on display last week as global equities moved sharply lower while the bond complex largely consolidated. Recovery in the real economy continues at a slow pace. Corona virus infection rates as measured...

 <CLICK TO READ THIS WEEK'S NOTEBOOK>   U.S. equities moved sharply higher last week while longer duration bonds retreated and shorter duration bonds largely consolidated. Global equities were mixed. The "Risk On" trade appeared to be live and well given...