Market Overview

US real estate investment trusts led a widespread rally in July for the major asset classes. The only laggard: commodities, which fell last month. Otherwise, global markets rallied across the broad...

Not everybody is an options trader, but during an election year there is at least one binary option that most of us care quite a bit about and that’s the option on the US Presidency. There are ways...

As we had expected, the BoJ raised its policy rate to 0.25% and announced the JGB purchases would be halved by 1Q26. The growth outlook was trimmed modestly for FY24 while the inflation outlook...

The Fed's July policy meeting is set to be a pivotal moment for markets, with expectations of holding rates steady while signaling a potential rate cut in September. Recent data showing cooling...

The 2 day Fed meeting begins today. Here's a look at how has the US economy changed since the June Fed meeting. Does it justify a green light for a September interest rate cut by the Federal...

The market is convinced that the Federal Reserve will start cutting interest rates at the Sep. 18 policy meeting. Tomorrow’s central bank announcement and press conference is still a wild card, but...

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...

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...

It’s a human shortcoming to favor simple explanations for the business cycle. The notion that reliability and timeliness can be forged in one indicator endures, but recent history has hammered this...

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...

US economic activity is on track to post a modestly firmer growth rate for the second quarter GDP report scheduled for release on Thursday, July 25. The estimate is based on the median estimate for a...