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Wheaton Precious Metals hikes dividend by 30%

Wheaton Precious Metals hikes dividend by 30%

Before you get too excited by that headline, note that a 30% hike in the dividend at Wheaton Precious Metals (WPM) will bring the payout to just 13 cents for the first quarter of 2021. But that’s still, as my grandmother used to say, better than a poke in the...
Don’t forget the “animal spirits”

Don’t forget the “animal spirits”

I left my keyboard at 11:30 this morning to go for a walk in my neighborhood. The temperature was near 60 degrees in New York City. The sun was out. Restaurants with outdoor space were full. Columbia and Barnard students were out in skirts and even a few tank tops....
Inflation? What inflation?

Inflation? What inflation?

Headline inflation, as measured by the consumer price index, climbed 0.4% month over month in February the Bureau of Labor Statistics reported today. That puts the year over year increase in headline inflation at 1.7%. (The big increase in the month was in gasoline...
Again but not as bad–spike in Treasury yields clips technology stocks today

That was some reversal today

Stocks broke out of the gate today seemingly determined to turn a big three-day losing streak into an even bigger four-day plunge. At 11:30 a.m. today, March 5, the Standard & Poor’s 500 was down 1.04%. The NASDAQ Composite was lower by 2.6%. The high...
Bond rally holds; stocks close on strong note

Bond rally holds; stocks close on strong note

Treasury yields ended the day slightly lower (which means prices were slightly higher) than earlier in the day. The 5-year Treasury note, for example, ended with a yield of 0.69% after trading with a yield of 0.72% earlier in the day. (The low yield for the day was...