Market Overview

With favorable economic data providing officials with greater confidence that US inflation is moving steadily along the right path, we think that Wednesday’s FOMC meeting should offer a clearer hint...

So here is the thing. During a bull market or very bullish phase, indicators give the all-clear. Come on in, the water’s fine! Investors are always going to be complacent and market/economic signals...

Markets were higher on Friday, easing some of the pain inflicted throughout the week, rising by around 1%, with the S&P 500 down 83 basis points for the week. This week, it will be all about the...

The recessionistas are now forced to look to the third quarter as the earliest start date for an economic downturn in the US. The odds have been low recently that Q2 would mark the beginning of an...

Yesterday was a rough day for risk assets all around. We are currently witnessing the unwinding of the global carry trade in the Japanese yen. This development has significantly impacted volatility...

The US dollar continued to weaken against the Japanese yen and Swiss franc this morning, but it has gained against other major currencies. The euro, in particular the EUR/JPY pair, has been hit hard...

As we shared in a recent Daily Commentary about interest rates: The current unemployment rate is 4%, and the core PCE inflation rate is 2.6%. In December 2019, the unemployment rate was 3.6%, and...

Stocks finished the day lower, but the FX market had a lot more action, especially in the Japanese yen, which moved sharply against the Australian dollar, the US dollar, the euro, the Canadian...

A seismic shift is taking place in corporate America as even more companies announce plans to relocate from blue states to more business-friendly jurisdictions like Texas. Last week, Elon Musk...

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On December 5, 1996, Chairman of the Fed Alan Greenspan offered that stock prices may be too high, thus risking a correction that could result in an economic fallout. He wondered out loud if the...

The Federal Reserve is widely expected to start cutting interest rates at the Sep. 18 FOMC meeting, but the debate is turning to how far the central bank will trim its policy rate once the easing...

US economic activity is on track to remain slow in this month’s second-quarter GDP report. The expansion is expected to continue via the government’s data, but today’s revised nowcast for Q2 suggests...

With both economic and inflation data continuing to weaken, expectations of Fed rate cuts are rising. Notably, following the latest consumer price index (CPI) report, which was weaker than expected,...