Market Overview

(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...

BitcoinBitcoin seems to be the flavor of the day, and everyone seems to be talking about it once again. The thing is that fundamentals have started to shift for Bitcoin in terms of news flow. For...

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...

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...

Traders have been nervous and worried about the Chinese economy not picking up strength, and the recent data continued to play the drum that economic growth is slowing down. When China began to...

Banks have looked increasingly fragile over the last year.And besides three-of-the-four largest U.S. bank failures happening in early-2023, many feel like the worst is over. But I disagree. Because...

It’s been a quiet start to the week with stocks edging lower in light trade due to the US bank holiday.It feels like last week may have left us with more questions than answers in that the US...