“Davidson” submits: Investing is more art than science i.e., mathematical models. The last 70yrs experts have tried to convince investors and themselves that Modern Portfolio Theory operat...
https://www.valueplays.net/2024/05/03/flush-money-market-funds-typically-mean-rally/
‘Davidson” submits: Total nonfarm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9 percent, the U.S. Bureau of Labor Statistics reported to...
https://www.valueplays.net/2024/05/03/employment-data-signals-continued-expansion/
$110B stock buyback. They are currently repurchasing ~$20B a quarter in stock. They are a “cannibal” of their shares, steadily reducing the share count. Companies that can do this are rar...
There are so many conflicting data points out there. We have rising credit defaults, but inflation is falling, and income is rising. We have more global unrest than we’ve had in decades but the...
https://www.valueplays.net/2024/04/30/real-personal-income-rises/
“Davidson” submits: Looking at the long-term relationship between the 10yr Treasury vs 30yr Mortgage rates which are generally considered in lockstep, shows they tend to track closely with...
https://www.valueplays.net/2024/04/29/10yr-mortgage-ratio-implies-market-rise-coming/
“Davidson” submits: The 10yr minus 3mo Treasury rate, called the Yield Curve, is moving higher at a rapid pace as investors adjust their inflation thinking to being more persistent in the ...
There is one concerning thing here.. Here is the Q1 report (pdf.) All in all, a just fine report. This is what is concerning, and it’s not just a BAC concern but a concern generally. Credit d...