Market Overview

The Fed finally gave the signal to begin shrinking its balance sheet. As the Fed conveyed in its text release, and Janet emphasized in her Q&A, the economy is good and the time is right. And so it...

Since inception of the MSCI EAFE (NYSE:EFA) Index at the end of 1969, U.S. stocks have outperformed in 23 of 47 calendar years on a price-return basis, or just under 50% of the time. Annualizing those...

Overview Germany’s election results sent the euro lower. While Angela Merkel secured her fourth term as chancellor, the margin in which her party won by was much smaller than in past elections....

After a weaker-than-expected result from the German elections– the worst for the Christian Democratic Union in 70 years – the euro dipped lower. However, the declines will likely be capped...

USD/JPY has started the week quietly. In Monday’s North American session, the pair is trading at 111.75, down 0.22% on the day. On the release front, Japanese Flash Manufacturing PMI edged lower...

The nominal CMT yield on the benchmark 10-Year US Treasury note hit its low on July 8 last year. It’s debatable, of course, as to what turned it around; I think “reflation” from...

"Index points to slower economic growth in August" This is the headline for today's release of the Chicago Fed's National Activity Index, and here is the opening paragraph from the report: Led by...

Euro gaps lower against Dollar as another week starts. Markets seem to be dissatisfied with Germany election result even though Angela Merkel won her fourth term as Chancellor. Nonetheless, loss in...

Monday September 25: Five things the markets are talking aboutWeekend political results dominate Monday’s financial markets. In Germany Sunday, Angela Merkel won her fourth term as Chancellor,...

by Pinchas CohenKey EventsGeopolitics appears to have finally caught up with investors. Last week, metals fell on China’s downgrade, and stocks fell on North Korean tensions. Today, the euro is...

The OECD released their latest global growth forecast this week, calling for a slight uptick in overall activity. OECD GDP is projected to be 3.5% this year – the highest in four years. Russia...

The end of the Grand Coalition in Germany and the need for a coalition in New Zealand are weighing on the respective currencies. The euro was marked down in Asia and briefly dipped below $1.19 before...

Merkel wins, but EU reforms appear less likely In Germany, Angela Merkel won a fourth term as Chancellor. However, her party (CDU) did worse than most opinion polls suggested. The pro-EU SPD,...

The era of curtailing incentive measures by the US Federal Reserve has began. A similar decision was previously made by the Bank of Canada and, most likely, this wave will soon cover other world...