Market Overview

Dollar strengthens on ADP and US debt downgradeISM non-mfg. PMI the next test for dollar tradersBoE expected to hike by 25bps; Will it sound hawkish?Wall Street slumps after US rating cutDollar wears...

It’s ironic that I had planned this column a couple of days ago and started writing it yesterday because the very concerns I talk about below are behind the overnight news that Fitch is lowering...

The year-over-year rate of growth in US True Money Supply (TMS) ticked upward in June, that is, the US money supply contracted at a slightly slower pace during the latest month for which there are...

In a surprise move on August 1, credit rating agency Fitch Ratings downgraded U.S. Treasuries to AA+ from AAA. Fitch’s explanation for the downgrade was that it “reflects the expected...

Our recent article warns that a tremendous thirty-year tailwind for corporate earnings is dying down. Consistent corporate interest and tax rate declines significantly boosted stock prices and...

Are we back in 2011 or what?After the US debt ceiling drama earlier this year, we just witnessed a rating agency downgrading the US exactly like in 2011 – back then S&P, this time...

Dollar gains as ISM mfg. new orders beat estimatesPound traders await Thursday’s BoE decisionAussie the main loser after RBA stands patS&P 500 and Nasdaq close in the red, oil hits new...

As the market and economy cheer the rise in GDP, we can thank consumer spending: 70% of GDP, services (what consumer pay for in aid, help, or information): 45% of GDP, and government spending: about...

The VIX has been a coincident indicator with the 2s10s yield curve. Both have usually turned higher fairly early in a bear market cycle, well before the market topped in some cases.  The yield...

Dollar rises to three-week high (low for euro) as labor market cools Atlanta’s GDPNow index rises to 3.87%, up from 3.55% Manufacturing contracts for a ninth straight month The US dollar pared...

After the Fed’s decision last week, what are the asset classes that are in play for global macro trading? In this episode, we invited Bruce Liegel, a former hedge fund manager and author of...

(Tuesday market open) The new month starts with stocks tinted red, but this week’s main events are just getting underway.A rise in Treasury yields might have investors nervous early Tuesday as...

Most of the major asset classes continued to rally in July, led by a surge in commodities based on a set of ETFs. US bonds, by contrast, remained the outlier, posting a third straight monthly...

Yen extends losses following BoJ’s surprise bond market intervention Aussie plunges after RBA holds rates, weak Chinese PMI weighs tooDollar stays supported, euro fails to capitalize on strong...