Market Overview

The S&P 500 finished the day essentially flat, up 16 basis points—little changed overall. The key focus remains at the 5870 level, which was tested again yesterday. We’ve discussed this level...

Gold (XAU/USD) reached a near four-week high during yesterday's trading session following a weaker-than-expected report on US private employment. Also, the yields on US bonds continued to rise...

Global financial markets are preparing for an important year, 2025. Changes in currency markets and commodity prices will bring both challenges and opportunities for investors, traders, and market...

ADP private sector payrolls report for December missed street expectations with a gain of 122K, while the street was expecting 139K. This was the 3rd straight month of a slowdown in hiring, and well...

There are a lot of moving parts across the global economy. From commodity prices to employment data to bond yields, investors pay attention. Today we look at government bond yields (i.e. interest...

Defense stocks have been in a downdraft heading into the new year. President Trump’s intent to de-escalate geopolitical conflicts and end the war in Ukraine with funding cuts is causing concern...

Incoming US President Donald Trump has pledged tariffs of as much as 10% on global imports and 60% on Chinese goods, plus a 25% import surge on Canadian and Mexican Products would upend trade flows,...

There’s a lot to discuss, with markets moving quite violently in all directions—it’s hard to know where to begin—the economic data triggered much of yesterday’s movement. The JOLTS report came in...

We get the impression that some major sentiment extremes are close. In particular, we appear to be at/near peak optimism about the US stock market and the US dollar, peak pessimism about the US...

Markets have been re-pricing the prospect of Federal Reserve rate cuts this year in the wake of more hawkish Fed commentary. Today's data suggests that the economy is maintaining its strong momentum...

The Services PMI for December came in at 54.1, easily beating street expectations of 53.5. The results were two points higher over Novembers data and the sixth straight month of expansion. Although...

Federal Reserve board member Lisa Cook discussed the year ahead at a conference this week. Cook discussed monetary policy and stock market valuations, among other topics. She also opined on...

We did it, folks; we shorted the US Dollar Index right at its top – congratulations. As the situation in the USD Index is playing out as I described it previously, I’m quoting the relevant parts of...

Most bank analysts are projecting a modest upside for gold this year. Some are a bit more bullish (but not much) because of no meaningful cut in the US government’s gargantuan debt. "Trump's election...