Market Overview

Regaining momentumHydrodec is on track to resume production at the Ohio facility in May, with a 50% expansion in nameplate capacity compared with December 2013. The acquisition of Eco-Oil in April...

Market Movers Today's main event is the publication of minutes from the FOMC-meeting on 28-29 April. In the statement from the meeting the Fed said that the slowdown in Q1 was partly transitory, so...

Stronger than expected GDP data from Japan lifted Nikkei and sends the yen lower broadly. Q1 GDP rose 0.6% qoq versus expectation of 0.4% qoq, and compared to prior quarter's 0.4% qoq. The annualized...

The news that Britain’s inflation rate slipped below zero will focus attention on today’s Bank of England minutes as the market looks for new guidance on monetary policy. Meanwhile, the...

European indices are expected to pare yesterday’s gains early in the session on Wednesday having received no real direction from Wall Street or Asia overnight. Investors are also eyeing minutes...

It seems I’ve been writing a lot about Warren Buffett lately.Earlier in May I used one of his favorite valuation tools to determine if U.S. stocks are significantly more expensive than their...

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for April new residential housing starts.The latest reading of 1.135M was well above the...

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for April new residential building permits.The latest reading of 1.143M was well above the...

What's going on at the Fed? Notorious dove, Charles Evans of the Chicago Fed, gave a speech in Sweden. In his prepared remarks, he said that he was in no hurry to raise rates:To give you the punch...

Valuation, like beauty, is in the eye of the beholder. With bond yields at historical lows, why shouldn’t valuation multiples be at historical highs? At 2%, the U.S. 10-Year Treasury bond yield...

Morning View:EUR/USD came off its highs overnight, dropping sharply as the European Central Bank’s Benoit Coeure said that they could step up their purchases of Eurozone government bonds. The...

Conviction Drives PricingWhen the conviction to own stocks is higher than the conviction to sell stocks, markets tend to rise. Therefore, we can learn something in any market by focusing on the fact...

From the point of view of history, a reversion to generational lows is inevitable, and a valuation level around 50% of GDP for stocks is a fair target.If we look back to 1981 valuations of stocks and...

From the point of view of history, a reversion to generational lows is inevitable, and a valuation level around 50% of GDP for stocks is a fair target.If we look back to 1981 valuations of stocks and...