The all-important 10YUS treasury yield rate is oscillating around the eye-catching 3%

But there is nothing magic about this round 3% number. Mechanically, the next resistance level is 3.23% (and, hopefully, we would not get there) ...

Warren Buffett gave most expansive explanation for why he doesn’t believe in the value of bitcoin

I think, he frankly doesn’t get it.Here is why Bitcoin is valuable beyond speculation:Nobody denies the value of the bitcoin blockchain. Agreed?With that in mind, for any blockchain to work successfully, every transaction should have a small monetary reward, paid in the native currency – i.e. bitcoin.I.e. bitcoin system records participants have to reward intermediaries ...

Amazon’s surprisingly big miss confirms again that most investors can’t see a change in trend:

Ø Amazon now promises 7% top-line growth, seriously? on a 40x P/EØ What is Amazon: a modern-day, Internet-enabled catalog delivery! – like Sears was 130 years ago.·   Sears opened mail ordering catalog deliveries in 1892·   Before the Sears catalog, farmers near small rural towns usually purchased supplies, often at high prices and on credit, from local general ...

When investors talk nowadays, that it is a time for “stock picking to invest in quality stocks with pricing power”, – I take it as a beautiful lie!

As always, being right on major allocations: Sectors, Styles or Countries would dictate 80-90% of returns. Especially this year! Don’t forget that 95% of Tech stocks (and many of them are Quality!) are down YTD, and 90% of Energy stocks are up YTD (and, many of them are struggling companies). Also, in reality, the notion ...

Are big tech earnings really that critical this season?

Everyone would be glued to the new screens this evening, hoping that Apple or Amazon will tell us about the future of the world! Seriously, do you think that these CEOs have any idea about: when would inflation or oil peak? when would China end its excessive Covid lockdowns? or when this war in Ukraine ...

Update on the planting season in Ukraine

crucially important for the global food security from our contacts on the ground there: amazingly, Ukrainian farmers would still be able to plant ~68% of pre-war fields (wheat, corn, sunflower) For the planting season of 2022, access to about 30% of the field areas is not available due to combat. Bottlenecks: Logistics: historically, most of ...