Market Commentary Blog Posts

May 13, 2015 by Matt McCracken
I reluctantly watched Ron Paul’s interview on Porter Stansberry’s site. For years I’ve mistakenly hit on links to Stansberry’s site with some irresistible teaser just to be terribly disappointed when it became clear that whatever information was...Read more
April 17, 2015 by Matt McCracken
For quite some time, I have argued that the stock market is relatively expensive by historical standards and will therefore experience below average returns for the next decade. Recently, I developed a new and very simplistic means of calculating...Read more
March 19, 2015 by Matt McCracken
The USD is declining precipitously against marjor trading partners after the FED said something or didn't say something. Maybe they added a word or took out a word and somehow with a flick of a butterfly's wings, the USD is acting like the US is a...Read more
March 19, 2015 by Matt McCracken
Each morning, I recieve the Daily Texts from the Moravian Church . I thought one of the versus' quoted today was apropos in light of Janet Yellen's testimony this week: "Woe to him who piles up stolen goods and makes himself wealthy by extortion!...Read more
February 23, 2015 by Matt McCracken
The headline story on Bloomberg yesterday was titled, "In yellen we trust is Bond Mantra as Inflation Dismissed.” This story line is obviously a play on the American patriotic motto “In God we Trust”. So in the minds of investors, has the FED...Read more
January 2, 2015 by Matt McCracken
Armenia joined the Russian-led trade bloc that previously included Belarus and Kazakhstan. While these countries may seem insignficant in most sectors of the worldwide economy, Kazakhstan is actually very signfigant in one small but important market...Read more
December 22, 2014 by Matt McCracken
The crashing Russian Ruble has been the big story line from the past couple of weeks. From here, there are only two options for the currency. Continue to crash on its way to zero or breakout out of the parabolic downtrend and rebound. While the...Read more
USO performance dispersion
July 24, 2014 by Matt McCracken
The strong performance of commodities since the end of the tech bubble has attracted quite a lot of interest and assets under management to the space. Prior to 1999, there were virtually no public funds trading commodity futures on US exchanges (...Read more
March 14, 2014 by Matt McCracken
The popular view is higher interest rates should be supportive of the underlying currency. The idea is simply that a higher yielding currency is more attractive to investors. And given that the USD is the only major currency yielding anything, the...Read more