Market Overview

Markets are becoming increasingly confident that the Federal Reserve will start cutting interest rates in 2024. The first cut is expected at the March 20 monetary policy meeting.Fed funds futures are...

Gold Continues to Move Higher as Traders Await Key U.S. Economic DataGold (XAU) price rose 0.65% on Tuesday as the US Dollar Index (DXY) weakened and Treasury yields went down. Investors are buying...

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...

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...

With the exception of crude oil, we awake yet again to an all-green morning (at least as I am typing this, about 90 minutes before the opening bell). There is less than 200 points between the present...

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...

Gold Continues to Trade Above 2,020 as Traders Buy the DipsThe gold (XAU) price rose 0.44% on Monday as traders bought the dips, expecting the Federal Reserve (Fed) to act on its promise to cut the...

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...