Market Overview

Dow Jones and Nasdaq 100 cruise to new record highs British pound drops as inflation cools off, yen stabilizesSupply concerns lift oil prices, gold gains some groundParty on Wall StreetIt’s been...

U.S. stocks are on track to end 2023 on a high note amid bets the Fed is all done raising interest rates. 2024 is just around the corner, and despite the upbeat mood, a plethora of risks loom ahead...

U.S. Natural Gas Futures - Gen 2024 (NGF4) recovered from a 6-month low at $2.2 last week and now hovers around $2.5/MMBtu. This is due to seasonal demand and increased gas flows to LNG export...

Isn’t it amazing how investors ignore the hawkish Federal Reserve (Fed) comments but fully embrace the dovish commentaries? Fed’s Thomas Barkin’s words that suggested that the...

Stocks rallied again, achieving even more extended levels, with the S&P 500 RSI rising to just shy of 82 while remaining above the oper Bollinger band.Again, this is reaching extreme overbought...

Speculation has its own expiration dynamics, and they don't depend on us recognizing speculative excess for what it is. They will unravel the excesses regardless of what we think, hope or deny. The...

BoJ maintains easing bias, gives little away on pivot timing, pummelling the yenOil futures jump before steadying amid supply fears from Red Sea missile strikesWall Street extends winning streak...

The Bank of Japan kept its major policy settings unchanged and made no changes to its forward guidance, pushing the yen down against the dollar. But we think the shift in tone is clear and major...

The week started with mixed feelings. Investors broadly ignored the Federal Reserve (Fed) members’ latest warnings that the interest rate cuts won’t come as soon and as fast as priced in...

Unfavorable economic conditions and protectionist trade policies are squeezing profit margins for wind and solar energy, hindering the progress of the renewable energy revolution. Global pledges made...

When we put together economic and market outlooks, we typically focus on the near term—the next month, the next quarter, or the next year. As the great philosopher Yogi Berra noted,...

Fed Policy: Long and Variable Lags In early June, we examined the performance of stocks relative to bonds to see what we could learn about the soft versus hard landing question. At that time, the...

Market Overview: S&P 500 Emini FuturesThe weekly chart is forming an S&P 500 Emini 8-bar bull microchannel. That means strong bulls. The bulls will need to create follow-through buying...

Fed officials attempt to dampen expectations of early rate cutYields jump, stocks slide, but only temporarily as markets unconvincedYen edges lower ahead of BoJ decision as expectations of imminent...