Market Overview

QE figures for April showed that the average maturity of German Public Sector Purchase Programme (PSPP) purchases was unchanged in April at 4.7 years. We expect German purchases to continue to be...

FTSE -7 points at 7243DAX -2 points at 12505 CAC -1 points at 5303 Euro Stoxx -3 points at 3575 Apple (NASDAQ:AAPL) announced one percent year-on-year fall in iPhone sales in the first three months of...

World Stocks have established themselves as the 2017 front runner in the asset class scoreboard. The asset class is up double digits in the first four months of the year, up 14.42% over the past 16...

Eurozone's GDP expected to hold steady at 0.5% in today’s flash estimate for Q1 US private payrolls on track to post sharply slower growth for April vs. March US ISM Non-Manufacturing Index set...

One sector of the economy that is acting as if we were already in the middle of a horrible recession is the auto industry. We just got sales figures for the month of April, and every single major U.S....

Up Down TurnaroundGlobal markets returned from various Mayday celebrations with a risk-friendly spring in their step and were rewarded as equities were buoyed by good US earnings results and had...

Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations on investment returns. In a "normal" market...

Note: This update incorporates the latest monthly close and the GDP Q1 Advance Estimate data. Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to...

On a day that has several announcements coming out, this could be very volatile. The most important one in our estimation is the ADP Employment Change numbers coming out of the United States as it is...

Last week was a busy time for central banks. In particular, the European Central Bank released its most recent monetary policy statement. What does it imply for the gold market?Riksbank Keeps Rates...

U.S. consumer spending was flat in March. What does it imply for the gold market?Personal consumption expenditures were unchanged in March, marking the second month of stagnation (after a downward...

Stocks moved a bit higher on Tuesday, but gains were slight. Investors and traders will be paying close attention to the comments and wording of Wednesday’s FOMC announcement. A rate hike is not...

While manufacturing PMIs are a notoriously volatile series month-to-month, they give us the most timely and relatively high frequency insights into the global and regional macroeconomic backdrop. The...

A Chart Is Worth A Thousand WordsThe chart below shows the long-term trend (200-day moving average) in stocks vs. bonds rolling over in a bearish manner as the stock market peaked in late 2007. How...