by Ivan Martchev September 14, 2021 A “big” correction in the present low-volatility context is probably somewhere around 10%, or what we saw in the S&P 500 in September and October last [...]

by Ivan Martchev September 8, 2021 The missing, but long-overdue correction in stocks is probably a factor of the relentless pumping of electronic dollars into the financial system at a rate of [...]

by Ivan Martchev August 31, 2021 I was not surprised to see that Janet Yellen has already backed Jerome Powell for a second term as Fed Chairman (see Bloomberg article, “Yellen Backs [...]

by Ivan Martchev August 24, 2021 I got into a surreal argument with a financial journalist three years ago about whether the Fed controls the money supply – his point being that [...]

by Ivan Martchev August 17, 2021 The unprecedented demand for U.S. Treasuries at last week’s auction – even as the 10-year yield approached its 50-day moving average – speaks volumes. Some observers [...]

by Ivan Martchev August 10, 2021 The drama last week was not so much in the stock market as in the Treasury yields, when they dropped like a rock to 1.12%, then [...]

by Ivan Martchev August 3, 2021 It is surreal that we traded under 1.2% on the 10-year Treasury note yield a couple of weeks ago, and it is even more surreal that [...]

by Ivan Martchev July 27, 2021 Earlier in the year, we saw every uptick in the 10-year Treasury yields meet with severe selling of Nasdaq 100 Index futures. This came to pass [...]

by Ivan Martchev July 20, 2021 Consolidations are normal. Markets breathe in and breathe out. They zig and they zag. They rarely get as extended to the upside as they did in [...]

by Ivan Martchev July 13, 2021 The wild trading in Treasury bonds spooked investors last week as the 10-year Treasury yield hit 1.25% in the early hours last Thursday morning. The main [...]

by Ivan Martchev July 7, 2021 To paraphrase Mark Twain, the stories of the U.S. dollar’s demise have been greatly exaggerated. It is acting well, and it is not at all that [...]

by Ivan Martchev June 29, 2021 Bitcoin traded down to $28,800 last week, but as far as breakdowns go, this intraday trading below the 30K level does not really count. For $64,000 [...]