Market Overview

Market movers ahead In the US, we will look out for any comments in speeches by FOMC members about what drove the decision on the June rate hike, which in our view was not justified by the data. On...

Extremism is so easy. You've got your position and that's it. It doesn't take much thought. And when you go far enought to the right, you meet the same idiots coming around from the left. Clint...

A quick post-Fed follow-up to my email on Monday and the publication of “Tell My Horse”, the best-received Epsilon Theory note to date (thank you!). I’ll jump right into what...

I wouldn’t put it in the category of LBJ “losing Cronkite”, but it is at least a measure of amplified pressure (or just any pressure). This week has been utterly embarrassing for the...

I seriously fail to understand the GDPNow model in light of actual hard data. Let’s take a look at GDPNow, the actual data, and see if we can come up with a better estimate.GDPNow Forecast: 2.9...

US equities finished a choppy session and week mixed amid some disappointing economic data and continued pressure from technology stocks. Treasuries were higher following an economic calendar that...

The University of Michigan Preliminary Consumer Sentiment for June came in at 93.5, down from the May final reading of 97.1. Investing.com had forecast 97.1.Surveys of Consumers chief economist,...

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for May new residential housing starts.The latest reading of 1.092M was below the...

Rarely in the foreign exchange market is there a V-shaped extreme. Most of the time, the high or low is a process that is carved over time. Although the explanation of the dollar's weakness here in H1...

Post election, the investment community strongly believed that the new administration was going to get the economy to grow and that inflation would pick up. Below looks at the Growth/Inflation...

Before the start of the trading week ahead, we have the second round of the French legislative elections, where Macron’s En Marche is fully expected to win a majority, with centrists the Modern...

Brexit negotiations finally begin in Brussels on Monday. New Zealand’s central bank will be in focus next week while flash June PMI surveys out of the Japan, the Eurozone and the United States...

We revise lower our outlook for USD/CNY and now forecast a smaller increase on 12M to 7.1 (previous 7.3). China has tightened the grip on USD/CNY and in combination with a weaker USD, the upward...

One of the most important economic debate today is whether the economy will experience reflation or deflation (or low inflation) in the upcoming months. Has the recent reflation been only a temporary...