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Tag Archives: futures

Bonds Need a Break

The bond market has been hot as a pistol lately. Since peaking in late June, the yield on the benchmark 10-year Treasury note has plummeted almost 70 basis points, to 4.55% at last night’s close. Meanwhile, the share price of our highly leveraged zero coupon bond fund, American Century Target Maturities 2025, has surged 13%.

Well, There You Go

O ye of little faith! When our first signal to buy bonds was tripped October 14, I heard from subscribers who feared that the door might shut before they got a chance to scamper in. Sure enough, the latest wave of inflation jitters pushed the 10-year Treasury yield up through 4.5% again today. We closed at 4.51% for a second, clear-cut buy signal.

Hang on to Your Feathers!

It looks as if the nasty little “correction” that began on Wall Street in early August is blowing out to a climax. Expect some sharp intraday swings over the next couple of days. When the dust settles, though, the traditional year-end rally should be ready to kick in.

Glad for That Cash

So you thought I was kidding? Back in our September issue, I cautioned that the stock market’s “correction” off the August highs could continue not only into September but October as well. Sure enough, that’s what has happened, with the S&P 500 closing today at its lowest level since late June.

Look Overseas for Value

The U.S. stock market rally that got under way in late April is now in full swing. Today’s release from the Institute of Supply Management (formerly known as the National Association of Purchasing Managers) only added fuel to the fire. ISM’s monthly survey showed that the nation’s manufacturing sector cooled a bit more than analysts had expected in May.

All's Well With Gold

Gold and gold-mining shares are taking a breather today. So it’s a good time for us to review how our trade is faring in Newmont Mining (NYSE: NEM). Three weeks ago, we bought NEM (per a posting in this space) at $40.60. Today, the stock is changing hands around $44, after briefly spiking above $45 yesterday. We’ve got a paper gain of about 8%.

All’s Well With Gold

Gold and gold-mining shares are taking a breather today. So it’s a good time for us to review how our trade is faring in Newmont Mining (NYSE: NEM). Three weeks ago, we bought NEM (per a posting in this space) at $40.60. Today, the stock is changing hands around $44, after briefly spiking above $45 yesterday. We’ve got a paper gain of about 8%.

Now We'll See

Stocks are poised for a sharply lower opening this morning. (As I write, S&P futures in the overnight session are down about 18 points from Friday’s close.) The obvious “reason” for the pullback is the sobering news over the weekend from Iraq. After eight straight up days, however, a dip was overdue.

Now We’ll See

Stocks are poised for a sharply lower opening this morning. (As I write, S&P futures in the overnight session are down about 18 points from Friday’s close.) The obvious “reason” for the pullback is the sobering news over the weekend from Iraq. After eight straight up days, however, a dip was overdue.