Market Overview

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...

OilCrude prices are tentatively breaking out as expectations remain for the oil market to remain tight despite all global weakness that is emerging. The rally in crude oil is impressive as it occurs...

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...

(Monday market open) The week ahead has something for everyone, including a Federal Reserve meeting and reports from roughly 30% of all S&P 500® companies. Most of the action starts tomorrow,...

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...

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...

(Friday market open) With no data on today’s calendar, focus turns squarely to earnings. It’s been a mixed bag so far, but stocks rose slightly in premarket trading following a weak outing...

Following a relatively quiet week in terms of economic data and events, the spotlight now turns to three major central banks: the Federal Reserve, the European Central Bank, and the Bank of Japan....