Market Overview

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...

(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...

ESG scoring and mandates remain a subject we have contested since it sprang to life in 2020. The push of “woke activism” on, and by companies, to meet nebulous or artificial standards has...

Strong jobless claims revive higher for longer bets for the Fed, buoying the dollarUpbeat data also come to pound’s aid, but yen slips as expectations for BoJ surprise fadeDow Jones and Nasdaq...

While it is true that prices are still rising at above-average rates in some parts of the US economy, this should be expected. In some parts of the economy, it takes longer than in others for demand...

“Heart Like a Truck” is a song recorded by American country music singer Lainey Wilson. It was released in May 2022 as the lead single from her second studio album, Bell Bottom...

(Thursday market open) Pressure surfaced early Thursday as investors assessed yesterday’s results from Tesla (NASDAQ:TSLA) and Netflix (NASDAQ:NFLX). The NASDAQ Composite fell sharply in...

Dollar extends recovery, awaits Fed decisionECB’s Stournaras said July hike would be enoughPound, yen extend retreat, aussie gains on jobs reportTesla (NASDAQ:TSLA) and Netflix (NASDAQ:NFLX)...

In the course of this inflation cycle – and I do think this is a cycle, and not necessarily a one-off, although the subsequent peaks may not surpass this year’s peak in Median CPI for some...

The risks of gambling in speculative frenzies and depending on serial asset bubbles continuing forever are easily observable, yet few act to reduce these risks. Longtime correspondent Ishabaka...