Market Overview

Hard luck for the hard-landers yesterday. Yesterday's GDP report was full of upward revisions: Some of the hard-landers expected GDP to be revised lower after a large gap between GDP (which measures...

42. The S&P 500 printed its 42nd record high this year yesterday on the back of a mixed bag of economic and corporate news. First, the latest GDP data confirmed that the US economy grew 3% in Q2...

This week's announcement by the Chinese leadership and the People's Bank of China (PBoC) to cut interest rates, provide support to the property market, and inject liquidity into their financial...

Markets are highly confident that the Federal Reserve will announce another cut in interest rates at the next policy meeting on Nov. 7, two days after the election. The uncertainty is whether the cut...

US dollar rebounds ahead of Powell and other Fed speakers US futures also turn positive as Asian rally continues on China optimism SNB cuts rates by 25 bps as expected as ECB mulls October...

Gold (XAU/USD) moved within the $2,650–$2,670 range on Wednesday as investors looked forward to a series of US macro data for further guidance on the Federal Reserve (Fed) monetary policy. Gold...

The global economy is settling into a newfound stability and central banks can continue to cautiously cut rates, said the OECD yesterday, but warned that the major central banks should maintain their...

Instead of falling after the Fed lowered rates, the 10-year and 20+ year yields have risen. This seems incongruous given the dovish Fed talk. However, a lot of the cuts were baked into the bonds...

The odds continue to look favorable that the US will dodge an NBER-defined recession through the end of the third quarter. Q4 still looks more challenging, but that’s guesswork at this point. By...

In our recent two-part series on the yield curve (Part One  Part Two) we discussed the four predominant yield curve shifts and what they imply about economic activity and monetary...

Increased expectations for another 50bps Fed cut The dollar continues to suffer but the euro’s strength is perplexing The positive impact of China’s measures gradually fades Gold and oil diverge...

Let’s continue to count. 41. The S&P 500 celebrated its 41st record high yesterday. Even though yesterday’s session began on a softish note – after the data showed the biggest drop in the US...

I reviewed the spread on the SPDR S&P 500 ETF Trust (NYSE:SPY) yesterday. The white bars represent yesterday’s data, and the comparison is against the 180-day historical average. The spreads are...

Chinese stocks rose overnight, thanks to the flurry of easing measures from its central bank (chart). The People's Bank of China lowered bank reserve requirements, cut interest rates, and will...