Market Overview

The crowd is increasingly focused on the possibility that Greece may default on its debt. Meantime, the UK will publish a new labour market report, followed by revised data on Eurozone inflation and...

Overall credit markets remained volatile last week as negotiations between Greece and its creditors turned south, which subsequently saw IMF pull out of negotiations. Both Itraxx main and crossover...

Last week, I was in the US seeing hedge fund and real money clients. Below, we list key takeaways and how US investors' views differ from our owns. US investors were neutral/negative on bunds and...

We expect the SNB to keep its key policy rates unchanged at its June monetary policy meeting this week. Notably, with the EUR/CHF hovering around the 1.05 level, there is no immediate pressure on the...

DOW + 113 = 17,904S&P 500 + 11 = 2096NASDAQ + 25 = 505510-Year Yield – .04 = 2.32%Oil + .50 = 60.02Gold – 4.70 = 1182.50Silver – .06 = 16.11The Federal Reserve Federal Open...

On Monday, a report from the National Association of Home Builders showed that US homebuilders have turned rather optimistic again. Given the recent weakness in construction spending some have...

423,000 in November. 257,000 in January. 223,000 in April. 280,000 in May. Economists are acting like the new normal in monthly jobs growth is 200,000-plus. They’re celebrating a 5.5%...

The Federal Reserve has maintained its Fed Funds rate at 0% (the so-called Zero Interest Rate Policy or ZIRP) for fully six-and-a-half years in an effort to stimulate the economy and bring down the...

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for May new residential building permits.The latest reading of 1.275M was well above the...

Boring. Drab. Dreary. Dull. Lacklustre. Lifeless. Slow. Sluggish. Tedious. Trapped. Wearisome.I think you get the drift.It also makes life difficult trying to provide some useful information that will...

Summary: Overall, fund managers' asset allocations in June provide a confused view.On the one hand, fund managers raised cash to a 6-month high and reduced their global equity exposure to an 8-month...

Data returns front and centre this week in Canada. Two reports will most likely capture the market’s attention: the May inflation report and April retail sales. First, the market expects a...

Even though the major stock market averages are flat for the first six months of the year, by nearly every measure the stock market is still extremely overvalued. This point is not lost on Ms. Yellen...

As for the gravest sin of the QE era, in the fiscal year 2015, the U.S. government paid 1.8 percent on public debt. One would be hard pressed to identify any other debtor whose borrowing costs...