Market Overview

UK: The UK has voted to leave the EU. The turnout was very high but a lot of political questions remain. We expect the BoE to respond with GBP liquidity and swap lines with major CBs could be...

It’s certainly amusing watching the amazing swings in US treasuries, equities, and the British pound in the wake of counted voted in Newcastle.Pollsters predicted 66.8% for Remain. Instead,...

On June 23rd, Nigel Farage says we got our country back.This couldn’t be any further from the truth. The UK’s decision to leave the EU is the UK’s death knell. I don’t mean to...

There we have it, it’s done and dusted. Months of speculation and whispers but we finally have an answer, the UK have left the EU. Ironically as Northern Ireland, Wales and England are all still...

Market BriefMarket professionals are going to wake up to the near unthinkable. My all indications the “leave” vote has cross the vote threshold need for a win. The UK has voted to leave...

Against all odds, the UK has voted 52% to 48% to leave the EU. The market followed to this news of Brexit with safe haven assets up and risky ones down. This was bad news for oil since it is likely to...

Late last year, markets had a pretty robust view of the path of U.S. interest rates in 2016. Reality has intervened, as it has a habit of doing; global market volatility has seemed to sap whatever...

Two weeks ago, I wrote about an upcoming New York City condominium listing for $250 million. I mention this because, as I’ve explained before, it’s always the tallest buildings and...

Bubbles are not new. The tulip mania, for instance, peaked some 400 years ago. Interestingly, there is one common characteristic about bubbles: that they are considered ‘normal’ during the...

Anora Mahmudova commented recently on MarketWatch about Mohamed El-Erian’s discussion on the importance of holding cash. At a breakfast meeting with reporters on Monday, the former Pacific...

New home sales in May fell 6% from a downward revision to April’s huge numbers.Those April numbers looked too good to be true, and they were. Yet, the May numbers were the second best in the...

Millennials...the generation everyone loves to hate.They’re too entitled, too lazy and they spend entirely too much time on their phones. But the criticism is nothing new. It’s a rite of...

Referendum voting begins in the United KingdomThe big day is finally here in the United Kingdom with more than 46 million registered voters eligible to cast their ballots. The most recent polling...