Market Overview

Today’s July release on producer prices for the Eurozone will test the view that the worst has passed for deflation risk. Later, two US numbers will offer new perspective for deciding if the...

The US manufacturing ISM index was outright weak with the headline falling to 51.1, from 52.7, so much weaker than expected. New orders plunged to 51.7, from 56.5. Employment was lower as well and the...

RBA on Hold:As economists and traders had widely expected, the Reserve Bank of Australia yesterday left the official cash rate unchanged at 2.00%. This was the fourth consecutive meeting that Stevens...

The recovery we have seen was always going to be a tricky one. There were no easily identifiable limits although I hadn’t expected a particularly deep move. Looking at the Europeans in...

For the past few years we've been following a couple of transportation metrics: Vehicle Miles Traveled and Gasoline Volume Sales. For both series we focus on the population adjusted data. Let's now do...

Today the Institute for Supply Management published its monthly Manufacturing Report for August. The latest headline PMI was 51.1 percent, a decrease of 1.6% from the previous month and below the...

Here we introduce the Intuit Small Business Employment Index (SBI) which measures employment in firms with fewer than 20 employees with data going back to 2007. The real-time data comes directly from...

There are clearly enough recessionary indicators around the world to feed investors’ concerns about a global recession. While they were fretting about this scenario yesterday, they ignored...

Canadian GDP contracted in the first half of 2015, complying with the technical definition of a recession. In a January 13 speech, Deputy Governor Timothy Lane acknowledged this possibility. The...

Meaning the last year of a seven-year cycle in the Jewish calendar, the end of the past several Shemitahs have brought immense financial hardships to the world. The 1987 crash on Wall St. happened...

Macro Markets Risk Index: US Business Cycle Risk Is ElevatedUS economic risk increased at the end of August, according to a markets-based estimate of macro conditions. The Macro-Markets Risk Index...

USD under renewed pressure from a combination of renewed China data disappointment, weak US manufacturing ISM and lingering chatter of a September Fed hike. US stock futures began selling off 6 hours...

In spite of multitudinous efforts by global central banks to devalue currencies in order to stimulate exports, this strategy only functions when an export market place exists. According to the latest...

US stocks fell on Monday amid concerns Federal Reserve may raise interest rate at its September policy meeting. The dollar weakened, with the ICE US Dollar Index, a measure of the dollar’s...