Global Mail Archive
6-28-22: It’s Too Early to Call a Bottom
by Ivan Martchev June 28, 2022 For the stock market to bottom, we need a clear vision of how the Fed is going to back off on its assault on high-beta assets. [...]
6-22-22: Fortune Does Not Favor the Bitcoin Brave
by Ivan Martchev June 22, 2022 Ever since I became suspicious of a double top developing in bitcoin (see Marketmail, “11-23-21: Could This Be a Double Top in Bitcoin?”), the leading cryptocurrency [...]
6-14-22: Neither Bonds nor Inflation Are Cooperating
by Ivan Martchev June 14, 2022 In order to extend the rally in the stock market, we needed good news on the inflation front, and we needed the bond market to remain [...]
6-7-22: Market Close to Meeting Scylla, Date with Charybdis Still Uncertain
by Ivan Martchev June 7, 2022 The overdue fierce rebound has now arrived, and everyone is trying to figure out if there is further to go. Yes, it can go further, but [...]
6-1-22: Global Mail is on Hiatus
June 1, 2022 Due to International Travel, Global Mail is on Hiatus and Will Resume Next Week on Regular Schedule. Also In This Issue A [...]
5-24-22: Possible Peak In 10-year Treasury Yields
by Ivan Martchev May 24, 2022 Having come within 5 basis points of its 2018 high of 3.25%, the 10-year Treasury bond is still within the confines of the bull market that [...]
5-17-22: Stock Market Headed Between Scylla and Charybdis
by Ivan Martchev May 17, 2022 There was a strong rebound on Friday, but it wasn’t strong enough to prevent a down week for most indexes. I think we are due for [...]
5-10-22: On The Threshold of Bond Market History
by Ivan Martchev May 10, 2022 With 10 basis points left to make bond market history, the 10-year Treasury yield closed on Friday a tad over 3.142%. In the past 40 years, [...]
5-3-22: Oil is in a Volatility Squeeze
by Ivan Martchev May 3, 2022 I don’t know of one futures trader who doesn’t know how to read a chart. The best traders all know the fundamental backdrop and all the [...]
4-26-22: Euro/Dollar Parity is In the Cards
by Ivan Martchev April 26, 2022 I am writing this on Sunday, as the French Presidential election results are coming in. It appears that the incumbent Emmanuel Macron has won, which is [...]
4-19-22: The Momentum Move in Treasuries Continues: Where Will it End?
by Ivan Martchev April 19, 2022 The last time the 10-year Treasury yield index touched its 20-day moving average was in early March, when the shellshock on the markets resulting from the [...]
4-12-22: Is the Fed in “Panic” Mode?
by Ivan Martchev April 12, 2022 Having realized that they are hopelessly behind the curve on inflation, the Fed has decided to go from super-easy money to quickly tightening monetary policy, which [...]