Market Overview

Plan for What is Difficult While It Is Easy, Do What Is Great While It Is Small. Sun Tzu When the August retail sales number came in at a worse than expected -.3% (expectation of -.1%), Federal...

Economic CommentaryThe two most recent market turbulences were caused by concerns about the Chinese economy. While the January 2016 market volatility was triggered by fears about a potential Chinese...

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This...

The IEA forecast that the surplus in global oil markets will last for longer than previously thought. Philippine President Duterte called for US troops to leave the southern island of...

When the Federal Reserve's Open Market Committee (FOMC) meets in the coming week, there will be pressure from various quarters to raise the federal funds rate. Jamie Dimon, chairman of JP Morgan, has...

In our age of disparity, it may be easy to accept that all time is not equal. Touch a hot surface; time seems to move slowly. Time doing an enjoyable activity goes by lickety-split.Another inequality...

The ECB disappointed the market last week. Many market participants had expected further policy easing in the form of new interest rate cuts or an extension/expansion of QE.The ECB's wait-and-see...

Risk markets face new headwind from loss of momentum in business cycleFed on hold this year as economy slows again Bond yields to stay very low EUR/USD range to continue To read the entire report...

Quantitative Easing (QE) is a risk. Negative Interest Rate Policy (NIRP) is a big risk. Governments using the threat of terrorism as an excuse to dramatically increase their own powers and reduce...

Softer-than-expected data continues to weigh on the August economic profile for the US. Retail sales slumped last month as did industrial output; translating the numbers into year-over-year changes...

Market BriefOn the eighth anniversary of Lehman brothers, there is an eerier calm over the markets. Financial markets were subdued in the Asian session and as the news flow stalls after a busy week,...

The bulls have wrestled some sort of control back in US equity indices, but with the S&P 500 closing at 2147 there is still a good amount of technical work to be done for the bulls to fully be...

Assessment to focus on factors that have potentially hampered achievement of the 2% price stability and the cost and benefits of negative interest rates.We do not expect the Bank of Japan (BoJ) to...

GBP/CAD Today’s support: - 1.7370, 1.7346 and 1.7325 (main), where correction is possible. Break would give 1.7313, where correction also may be. Then follows 1.7280. Break of the latter would...