Market Overview

Market Movers Greece continues to be in the spotlight with today's extraordinary Eurogroup finance ministers meeting (starts at 19:00 CET). The aim of the meeting is for the Eurogroup to reach a...

The crowd’s focused on reports of a rescue plan for Greece that's in the works. If the plan survives, Grexit risk will fade while boosting the prospects that the Eurozone recovery will roll on....

Collapse is not an event, it is a process.One poorly understood source of collapse is the lack of pathways to contraction and a reduction of complexity/cost. The only pathway that is clearly marked is...

When it comes to geopolitics, there are often wheels working within wheels that are working within wheels. Once in a while we get a peek behind the scenes, but for the most part the machinations of...

The factors driving hedge fund returns in the various regions of the world are, roughly, what you might guess they are, if you’ve simply been reading the headlines of any mainstream news...

The May Advance Report on April Durable Goods released today by the Census Bureau was another disappointment. Here is the Bureau's summary on new orders: New orders for manufactured durable goods in...

Earlier today the Census Bureau posted the Advance Report on April Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation.Let's now review...

This morning's release of the May New Homes Sales from the Census Bureau at 546K was 21K above forecast, with the previous month an upward revision. The Investing.com forecast was for 525K sales,...

German Concessions:We spoke about it last week, but it seems as though markets have come to the conclusion that Greece exiting the euro is actually EUR/USD positive. Yes, I know it sounds crazy, but...

This morning saw two very strong housing reports: First-time buyers lift U.S. home sales to 5-1/2-year high WASHINGTON (Reuters) – U.S. home resales surged to a 5-1/2-year high in May as...

Greece has set the new high price of “moral hazard.” Emergency liquidity assistance (ELA) from the European Central Bank now is estimated to exceed €100 billion. It continues to...

With the Fed talking a big game about raising rates, much conversation in the financial world is now centering on the relationship between rates and stocks -- and what a hike in rates may mean for the...

The euro-Dax-bunds relationship continues in full swing, led by a rallying DAX (and the rest of Eurozone bourses) resulting from the most notable steps taken by Greece towards reaching a deal with...

Today’s note, “Inherent Vice”, applies an Epsilon Theory perspective to the greatest source of instability in the world today. It’s the instability of the game of Chicken, and...