Market Overview

Canada – GDP expanded at an annualized pace of 3.5% in 2016Q3 after an upward revision to the first half of the year. In light of these results, we raised our 2016 Canadian GDP growth forecast...

EM remains a mixed bag. Despite the negative connotations of a rising US rate environment, EM gathered an element of stability last week as the dollar consolidated its recent gains. Rising commodity...

Wow. According to the headlines, the US economy has surged to 3.2% growth in the third quarter. Hope you are feeling it!Follow up: To begin, I hate the quarter-over-quarter methodology which produces...

Assume you’ve never heard of Michael Lewis but you’ve read a slew of books and papers about behavioral finance. You might decide to skip this one, figuring it’s more of the same. Put...

Since the November 8thelection, the NYSE has seen seventeen trading sessions, with the Dow Jones closing at new all-time highs in nine of them. I’m not going to argue with success, but seeing...

The jobs report for November was quite mixed. Employment grew 178,000 in November in line with the recent trend and without any major revisions to previous months.The unemployment rate fell against...

After two months of “unexpected” weakness, the ISM Manufacturing Index rebounded in November. With both September and October below 52, after August’s reading was less than 50, the...

Nominal personal spending grew by just over 4% in October 2016, a number that sounds impressive by virtue of what we have become used to in this economy. That was much less than the 5.2% in spending...

After a robust market rise on good turnover after the election, we find ourselves a month later wondering what is next. Many thought a Trump victory was indeed the elixir needed to get the economy and...

It was a bitter U.S. presidential election, but fortunately, the nastiest election mudslinging has come to an end…at least until the next political contest. Unfortunately, like most elections,...

Only one of the eight indexes on our world watch list posted a gain over the past week, down from all eight the previous week. Japan's Nikkei was the positive outlier with a modest 0.24% advance. This...

The US dollar rose more than 8.5% against the yen in November, and finally at the end of the month, speculators finally switched to a new short position for the first time this year.In the CFTC...

Leaving aside the larger and longer-term views, market participants are split over the dollar's near-term outlook. The steady beat of favorable US economic news will slow next week, just given the...

Ahead of next week, we have the not-so-small matter of the Italian Constitutional Referendum on Sunday. There has been some nervousness rippling through the market, given the broader theme of populism...