Market Overview

(Tuesday market open) This afternoon serves up a double-feature, and it’s not “Barbenheimer.”Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) accelerate the mega-cap earnings...

There’s an aspect of the higher interest rate structure we are now blessed/cursed with that hasn’t gotten as much airplay, but which is great news for dealer desks and also a good thing...

China pledges more stimulus, lifting oil prices and local stocksEuro licks wounds after disappointing PMIs, antipodeans shineWall Street advances ahead of Microsoft (NASDAQ:MSFT) and Google earnings...

By now, you might have read my piece about the July 6-month calendar range reset.The chart of the Russell 2000 (IWM) shows a really wide July range. The red line (low made the July 6 at...

It was surprisingly a busy weekend as Spain delivered a close national election, Barbie showed us the economy is still partying, Chevron (NYSE:CVX) reported impressive earnings, and as expectations...

I truly believe that what we’re seeing in the stock market is the anticipation of the Fed abandoning rate hikes after this month’s and possibly cutting rates starting in early 2024. In...

Reversals. Plenty of reversals. With reversal-based seasoning. Gold, silver, miners, the dollar, and even stocks – all reversed profoundly last week.Reversals are important, but they become very...

Good morning, everyone. Well, this promises to be an interesting week. Tons of economic data and even more tons of earnings reports.Of course, given 2023’s legacy, we approach the new week with...

The upcoming FOMC meeting on July 25-26 will determine the course of the U.S. monetary policy. Anticipation is high for a key rate increase to 5.25%-5.5%, nearing a 22-year high. However, there are...

This is one of the most popular and yet misleading charts in macro.People like simple narratives: the Fed is ''pumping money'' into the ''system,'' and that's why equity markets go up. That’s...

Yen slammed lower as bets of BoJ tightening this week get unwoundEuro bruised by PMI surveys, gold undecided, Nasdaq awaits rebalancingHuge week lies ahead, featuring ‘big 3’ central banks...

This will be one of the busiest weeks of the year, with a flood of economic data, an FOMC meeting, an ECB meeting, and a BOJ meeting. On top of that, there will be earnings from 3 of the big seven.The...

USThe Fed is expected to resume raising rates at the July 26 FOMC meeting. Fed funds futures see a 96% chance that the central bank will deliver a quarter-point rate rise, bringing the target range to...

By Mike Gleason As the U.S. dollar continues to lose purchasing power at home and prestige around the world, a major presidential candidate is calling for a return to sound money. Despite some...