<CLICK TO READ THIS WEEK'S NOTEBOOK> Last week was a negative week for equities and a consolidation week for bonds, generally speaking.  Negative news flow associated with COVID-19 dominated the headlines as expected.  It appears likely that...

<CLICK TO READ THIS WEEK'S NOTEBOOK> Market participants experienced historic levels of volatility last week as both equities and bonds rallied on the news of government stimulus plans.  Most importantly, damage in the bond complex was...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Market participants were indiscriminate in their selling last week of anything not bolted to the floor.  The virus pandemic and associated government response has reduced economic visibility to near zero...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> The spread of the Coronavirus appears likely to get worse in the U.S. before it gets better.  The real economic impact on the U.S. economy may be significant as activity in multiple countries around the...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Coronavirus concerns dominated trading last week as bonds outperformed with the exception of high-yield.  Equity prices as measured by the S&P 500 moved dramatically in both directions and eventually...

 <CLICK TO READ THIS WEEK'S NOTEBOOK>  It was a wild ride in both bond and equity markets last week. Bond prices, with the exception of high yield, moved higher while equity prices moved sharply lower on coronavirus fears.  As measured from...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Bonds moved higher on the week while equities retreated as market participant's concerns regarding the impact of the coronavirus grew.  Continued volatility associated with the coronavirus is expected.The...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Global equities moved lower along with high yield bonds while high quality bonds moved higher on the week. Virus fears coming out of China contributed to investor caution and a move out of risk assets....

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Both global equities and the bond complex moved higher on the week.  The recent run up in prices has created a lot of "winners" who will act to aggressively protect recent gains once apparently negative...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Global equities nudged higher last week.  Equities within certain countries performed better than others with many inching higher or consolidating on the week. The bond complex traded towards the high end...