Stock market 2016 vs 2016.5

The problem is that with long-term interest rates already so low, and because of the inherent duration leverage that results, this will create bigtime losses for long-term bonds. This volatility ends a long three-month quiet period in the market and further raises the stakes for the Federal Reserve policy meeting later this month.

In the end, the Dow Jones Industrial Average lost 2. The dollar was stronger, gold lost 0. Focus also remains on the prospect of an OPEC production freeze agreement at a meeting in Algiers later this month.

Concerns linger that Iran, which wants to aggressive lift output now that economic sanctions have been lifted, continues to request higher production levels.

This despite Reuters reports today that Iranian output has stumbled over the last three months after reaching just 3. Financial stocks were the leaders, if you could call it that, limiting their decline to 1. Yield-sensitive utilities and telecoms led the decliners, down 3. There was some good news, however, with teen apparel retailer Zumiez Inc.

This was more hawkish than expected. The bond market pressure was precipitated by ongoing hawkish stock market 2016 vs 2016.5 from Federal Reserve officials despite a clear slowdown in U.

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Dallas Fed President Robert Kaplan today said the case for rate hikes has strengthened in the last several months, although he added there was no urgency to do so.

And finally, planetary resources inc share price Bank of Japan capped it all off with indications it could cut short-term interest rates deeper into negative territory on September 21 in combination with an effort to lift long-term rates to ease the pressure on retirement accounts and savers.

Adding to stock market 2016 vs 2016.5 pressure on the bond market has been a big increase in fresh bond issuances.

Can U.S. stocks still return 5% in ? - Feb. 8,

Offsetting this is still remote possibility the Fed would action hike rates this month with markets nervous and the U. Moreover, September options expiration is next week as well, a time when Wall Street tends to lean against volatility to binary option hedging system software vic review the maximum number of options expire out of the money.

For now, I continue to recommend betting on higher interest rate via the ProShares UltraShort Treasury Bond NYSEARCA: TBTwhich is up 6. For long positions, I believe next week will feature a relief rebound that will present the last best exit opportunity ahead of what is likely to be a very rocky end of the year.

Anthony Mirhaydari is founder of the Edge and Edge Pro investment advisory newsletters.

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