The curvature of U.S. bond yields has attracted a lot of press of late. Atlas has written about it in some of our blogs, and the significance of a possible inversion has frequently been a subject of discussion at our Pie Parties. Whatever current shape the curve takes or your choice of maturity, the returns are still positive. That's to be expected, right?
Are you paying attention? This Saturday's Powerball jackpot is already north of $625 million and climbing. Let me spell that out: that's $625,000,000+ bucks, clams, scratch. And with just a little bit of luck, it can be yours for a skanky little $2 bet. Think about it: one Jefferson and you rake in racks. Yeow!
It’s not that hard. You throw the ball. You hit someone.
Unless, of course, they dodge it.
America’s stock markets attained a couple of milestones this week: the longest bull market ever and, ironically, the longest correction since 1961! How can we reconcile the two?