Global Mail Archive
2-23-21: It’s Starting to Look a Lot Like 2003
by Ivan Martchev February 23, 2021 Between the summers of 2003-2008 you could do no wrong by investing in commodities and emerging markets. That changed dramatically with the failure of Lehman Brothers. [...]
2-17-21: The Role of Central Banks
by Ivan Martchev February 17, 2021 Central banks serve a countercyclical role. When the economy overheats, they try to calm it down; when it’s depressed, they try to prop it up, as [...]
2-9-21: The Junk Bond Index is “Inside 400”
by Ivan Martchev February 9, 2021 The way investors measure risk in the bond market is by looking at the spread of riskier bonds to U.S. Treasuries. The riskier the bond, the [...]
2-2-21: The January Barometer Is Not Bulletproof
by Ivan Martchev February 2, 2021 The S&P 500 Index ended marginally lower in January, putting the January Barometer into play. “As January goes, so goes the year” traders like to say, [...]
1-26-21: Markets Assume a Best-Case Scenario
by Ivan Martchev January 26, 2021 It looks to me like the stock market – and the bond market, for that matter – think this pandemic will be on the decline by [...]
1-20-21: Global Mail is on Hiatus
January 20, 2021 Due to International Travel, Global Mail is on Hiatus and Will Resume Next Week on Regular Schedule. Also In This Issue A [...]
1-12-21: No Safe Haven Bid in the Treasury Market
by Ivan Martchev January 12, 2021 While President-Elect Joe Biden is trying to steer Congress away from impeaching President Trump for the second time, it looks like the knives are out for [...]
1-5-21: This is “The Fed’s Rally”
by Ivan Martchev January 5, 2021 The S&P 500 finished 2020 at an all-time high at 3,756. If one were to look at the chart over the past six months, one would [...]
12-29-20: “America!” is Temporarily Closed
by Ivan Martchev December 29, 2020 International airports are full of overpriced souvenir stores, some tackier than others. The international airports around New York have a very interesting type of souvenir store [...]
12-22-20: Global Mail is on Hiatus
December 22, 2020 Due to International Travel, Global Mail is on Hiatus and Will Resume Next Week on Regular Schedule. Also In This Issue A Look [...]
12-15-20: Whatever Happened to Bitcoin?
by Ivan Martchev December 15, 2020 Some smart people have made some good money chasing bitcoin after its horrific sell-off in the past couple of years, taking it from over $19,000 to [...]
12-8-20: Industrial Metals Predict a Stronger Global Economy
by Ivan Martchev December 8, 2020 Energy and industrial commodities are economically sensitive, while soft commodities are more affected by the weather. The metals, as measured by the LME Index, are on [...]