FONIR Down South

(1) Fearing negative interest rates more than yield-curve inversion. (2) ECB’s Governing Council likely to go more negative at next meeting. (3) A world of NIRPs and NIRBs. (4) From TINA to FOMO to FONIR. (5) Bullish vs bearish fears. (6) S&P 500 forward earnings yield and dividend yield exceeding bond yield. (7) FONIR driving outperformance of dividend-yielding stocks and boosting their valuation multiples. (8) S&P 500 real yields remain solidly positive as real bond yield turns negative. (9) The US stands out in all sorts of ways, including GDP growth, energy production, and profit margins. (10) Movie review: “Blinded by the Light” (+ +).