Market Overview

One of the things which alternately frustrates and fascinates me is the mythology surrounding the idea that the central bank can address inflation by manipulating the price of money, even if it...

Dollar drops after 3-day rally Powell remains hawkish; bringing down inflation has a long way to go Fed swaps price in a 69.2% chance of a hike at the July 26th FOMC meeting US stocks declined as Fed...

The fantasy is that inflation will plummet to zero and we can all go back to "Bringing Demand Forward." The reality is what's plummeting is demand.The US economy has been saved time and again over the...

(Wednesday market open) The opening bell just rang, but the main event begins later this morning when Federal Reserve Chairman Jerome Powell delivers his semiannual monetary policy report to the House...

Policymakers at the Bank of England will be scratching their heads this morning wondering what they have to do to get inflation down, with the latest CPI report another setback in the central...

Dollar gains as housing starts surgeFocus turns to Fed Chair Powell’s testimonyUK CPIs increase chances for a 50bps hike by the BoEWall Street slides as Powell’s testimony loomsPowell gets...

It’s been a week since the FOMC gave the market everything it wanted. After fifteen months, it finally got a pause in rate hikes. Pauses in rate hikes are always harbingers of the next rate cut...

The market fell half a percentage point, so I suspect emergency committees are being formed in D.C. to introduce new programs for accommodation and stimulation. While we bask in the glory of this...

Most gold investors in America tend to focus on the “fear” trade.  Negative real rates are good for gold.  Recessions are good for gold.  Almost anything bad that happens is...

If you didn’t get your fill of Federal Reserve last week, you’re going to love the next few days.First comes Fed Chairman Jerome Powell’s semi-annual testimony to the House Financial...

After an intense week of central banks, it is time to rethink investment strategies And in a volatile environment, it is essential to have a diversified portfolio Don't miss out on the...

Good God. Thank heavens that’s over. Yet another government-mandated three-day weekend, in which hundreds of billions of dollars of productivity are torched so that people can sit around and...

The US economy is still on track to expand in the upcoming second-quarter GDP report, but today’s revised estimate marks a slowdown from recent nowcasts, based on the median estimate via several...

China rate cut unable to lift market mood as doubts grow about economyWall Street futures struggle ahead of Powell testimony, dollar drifts sidewaysYen’s freefall pauses, pound softer ahead of...