Again, the above is mostly about the accelerants of recent rates moves/ front-end action and shouldn’t be confused with the underlying “cause” of the DM bond rally which is, simply put, global growth jitters.

Whatever the case, any abatement of the insanity will likely help stabilize equities. And speaking of equities, McElligott notes that “the…[Read more]

RBC cuts Tesla Model 3 delivery forecast, stock in bear market https://www.cnbc.com/2019/03/25/rbc-cuts-tesla-price-target-model-3-deliveries.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToTwitter

Brexit delayed. May believes U.K. will eventually leave EU. https://www.cnbc.com/2019/03/21/eu-will-offer-brexit-delay-but-length-depends-on-uk-parliament.html

CITI: “We expect $AAPL to raise its dividend in April and increase its buyback authorization by another $100 billion.” Raises target to $220, from $170

Oil prices extend rally above $59 a barrel. Supply-demand relationship appears in check https://www.marketwatch.com/story/oil-prices-extend-climb-to-multimonth-highs-as-opec-supply-appears-in-check-2019-03-19?mod=newsviewer_click

Julian Emmanuel sees an unadulterated performance chase in 2019, with S&P 500 target set 3,000. https://www.cnbc.com/2019/03/19/unadulterated-performance-chase-toward-record-highs-is-coming-btig.html

FedEx will report fiscal third-quarter results on Tuesday, March 19, after the bell. Analysts are expecting earnings per share of $3.16 on revenue of $17.7 billion. However even bulls have been lowering expectations lately, and the company’s last results, in late December, sent the stock lower on a disappointing forecast.

Looking Ahead. There a…[Read more]