We are following up on our commentary last week about the inversion of the yield curve. The most scrutinized place on the curve for inversion is between the 10-year and 2-year Treasuries. We have not reached an inversion point for this part of the curve at this time.
Last week, we saw a slight inversion in the yield curve for U.S. Treasuries. This was promoted by many in the financial media as an “ominous signal” for the U.S. economy and stock market. Let’s take a moment to look at why this is so.
When asked how life has improved for people through the ages, many historians will point to advancements like modern dentistry or the internet. And sure, maybe those things have helped a few people, but there is one little-known way that the fortunes of all of humanity have significantly progressed - we no longer fear the peril of feral rabbit robbers.
A recent issue of Quanta Magazine addressed the elephant in the room afflicting the artificial intelligence community -- if you put an actual elephant in a room, then virtually all advanced computer vision software goes haywire.
One of the hot topics for investing this year has been how to access the expanding market for legalized marijuana. Trend followers have excitedly bid pot stocks up, then down, then up, then down again in the hopes of striking it big. As a result, the public companies that focus on marijuana have been spectacularly volatile over the course of 2018.
It is a well-known fact that coin collectors are the alpha males of the collectible community. And, of course, the most masculine medallion anyone could possess is a 18th century Russian beard token. For you see back in 1698, Czar Peter I implemented a massive scheme to rapidly Westernize his rural Russian subjects.