Market Overview

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...

Panic, volatility and risk-off best summarized the trading session in London overnight. So far, Britain appears to have decided to ‘Leave’ the European Union. The pound lost more than 10%...

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...

When less stuff is being bought, sold and shipped around the country with each passing month, how in the world can the U.S. economy be in “good shape”? Unlike official government...

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...

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...

Former hedge fund manager Raoul Pal is a fan of the ISM Manufacturing Index. In fact, the one-time co-manager of the GLG Global Macro Fund in London puts this widely followed benchmark at the center...

I was blown away by the following two charts from Jeffrey Snider’s article titled “The European Basis For New Monetary Science“.As most of you probably know, the Mario Draghi-led ECB...

As expected, Norges Bank (NB) this morning left the sight deposit rate unchanged at 0.50%.The revised rate path still has a 100% implied probability of a 25bp rate cut in H2 16. As NB only publishes...

The UK's referendum is underway. The capital markets are continuing the move that began last week with the murder of UK MP Cox. The tragedy seemed to mark a shift in investor sentiment. Sterling...