As Bloomberg summarizes, the dollar rose, Treasuries sank and all three broad stock indexes are heading for a record close on bets a budget compromise will bring Washington closer to agreeing on Trump’s promise of tax reform. The dollar touched a three-month high and 10-year Treasury yields approached 2.4% while the Canadian dollar tumbled after inflation […]

As a technology and business concept, AI is beginning to feel very similar to the type of euphoria towards the internet in the mid to late ‘90s. This time, however, AI has way more hype, promise, confusion, mystery, and even fear—depending on your view of it—than the internet ever did. Recently, Financial Sense Newshour discussed […]

With certain fund managers struggling to beat stock market index benchmarks, investors have been questioning why they should pay management and performance fees when there isn’t much performance? Maverick Capital’s Lee Ainslie thinks he might have the answer. The flagship stock-picking fund, which is now managed Andrew Warford, and which is down 2% this year through September […]

Stocks opened sharply higher and remained in positive territory for the entire session following the passage of a budget in the Senate, which was read as a sign of potential progress toward the Trump administration’s long-awaited tax reform plan. The early strength came despite the poor earnings report from General Electric (GE), which missed Wall […]

Think back to the blaring headlines about the Great Promotion Rotation in the financial media in 2013. Perhaps the media circus started in January of that year when The Economist asked the question of whether the rise in bond yields signaled a “flight” out bonds and into equities. It was probably an earnest and right-minded question asked by The […]