Market Overview

Last week marked the end of my myopia and the beginning of the end of the Federal Reserve’s (Fed) tightening cycle. The Fed started lowering its rates by 50bp – a bold decision that raised many...

As I have noted here for the past few months, the narrative surrounding generative AI has shifted dramatically. This is starting to lead to a shift in estimates of the major players’ potential...

The news of the week is NOT the Fed cutting 50 bps - yes sure, that’s important but there is something much more relevant going on. The Chinese economy keeps imploding from within. And we should pay...

Both the Federal Reserve and Bank of Canada have kicked off interest rate-cutting cycles. Both the U.S. and Canadian economies are facing questions about recession risk. And both U.S. and...

The FOMC meeting and press conference for September was projected to be a dovish one. Fed Chair Powell was expected to cut rates by 50 bps. The preponderance of Wall Street lackeys were busy begging...

Last week, the Fed vice chair for supervision, Michael Barr, announced that the regulator had cut a proposed increase to capital requirements for the largest US banks by more than half. According to...

Dollar tumbles on bets of more aggressive Fed rate cuts BoE keeps rates steady, reiterating cation about future cuts BoJ stands pat, Ueda says more rate hikes are coming S&P 500, Dow Jones and...

Gold Rises on Continuing Geopolitical Tensions Gold (XAU/USD) rose by 1.07% on Thursday, the day after the Federal Reserve (Fed) cut interest rates for the first time in four years. The rise happened...

The Fed cut the Fed Funds rate by 50bps, which was in line with prevailing market expectations (the probability of such an outcome was over 67% at the beginning of the week) and surprised 104 out of...

The FOMC gave the market what it wanted, but investors should beware of what they wish for. While the risk of higher inflation is falling, the risk of a labor-led recession is growing. In either...

Recent market volatility has raised questions about the staying power of the rally for global assets that began in late-2023. A clear warning sign has yet to emerge, based on a set of ETF pairs that...

Fed lowers interest rates by 50bps New dot plot signals another 50bps cuts by December Wall Street closes in the red, futures point to higher open BoE and BoJ take the central bank torch It has...

Gold Dropped on Hawkish Remarks from Jerome Powell Gold (XAU/USD) fell by 0.4% on Wednesday, following hawkish remarks by the Federal Reserve (Fed) Chair Jerome Powell at a press conference. On...

After over two years of Fed pauses, pivots, and uncertainty, the Fed has finally kicked off a new cycle by cutting its overnight rate by 50 bps and delivering an even more dovish dot plot than...