Whatever is bothering the market now will probably not be bothering it six months down the line. That’s the case with 10-year Treasury yields. After starting the year around 1 percent, they rose to 1.75, causing a few mild selloffs in big tech companies along the way. However, the 10-year has now dropped to 1.58 percent, and the big-cap names in the market are back to all-time highs.
This isn’t the first time the market has been scared over some slight fluctuations. But even bigger events, like the pandemic selloff last year, have waned in time as a fundamentally strong economy (especially once fully reopen) is likely to be solid for the stock market for years to come. The market will find something else to worry about in time, but for now, rising bond yields isn’t one of them.
Now here’s the rest of the news:
Is Stagflation Coming? –Nouriel Roubini,Advisor Perspectives
From trade wars and de-globalization to aging populations and populist politics, there is no shortage of inflationary threats on the horizon… [Read Here]
Stock Market Leverage in La-La Land, Rises to Historic High –Wolf Richter
Most of the leverage in the markets is unreported until it blows up. Margin debt is an indicator for overall leverage, and it has reached the zoo-has-gone-nuts level… [Read Here]
How Government Subsidizes Obesity –Barry Brownstein,AIER
People died because talking about obesity had become a third rail in America. Unfortunately, the killer was already in the house and her name is Little Debbie… [Read Here]
April 19, 2020
Here’s to a better YOU … and now …
Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
I’ll leave you with a picture from MacMillan Provincial Park Cathedral Grove Vancouver Island…
April 19, 2017
Les Brown said, “The graveyard is the richest place on earth”.
What did he really mean by that? Another way to put it is, dying with the music inside you.
Many people have dreams of becoming successful and traveling the world or whatever your fancy is.
But then again, 90 + percent die without ever putting their ideas or dreams into action. This is why it’s the richest place on earth. And I don’t want that for me! [I don’t want that for you either.] I don’t want anyone to die with huge inspirations and dreams still inside.