Market Overview

A few weeks ago, Warren Buffett (NYSE:BRKa) said in a television interview that equity prices still look cheap as long as interest rates remain low. In the same interview though, he mentioned that if...

Higher Prospects For Profitability For ThyssenKruppThe German industrial giant Thyssenkrupp AG (XETRA:TKAG) O.N. (LONDON:0O1C) proceeded to upgrade its targets for the financial year 2015, despite the...

EasyJet Plc (LONDON:EZJ) nosedivesHaving posted a new record high last week on the back of the UK election result, the FTSE 100 is on the back foot today. The index has fallen below the psychological...

I received more than the usual amount of comments in response to my weekend post about unemployment claims (see A scary thought about US employment). With unemployment claims falling to multi-decade...

Those who are confident the central banks can print unlimited money may find there are political and financial consequences to such extremes that cannot be foreseen.The central problem with central...

Only a few weeks ago, we all figured out why bond yields had dropped close to zero in the Eurozone. It was mostly because the ECB implemented QE on March 9, and pledged to buy bonds yielding at least...

There are many more details and indicators that inform well balanced ongoing analysis, but the three scenarios below are the general options before us. Excerpted from this week’s edition of...

US retail sales are expected to rise 0.2% in Wednesday’s April report vs. the previous month, according to The Capital Spectator’s median point forecast for several econometric estimates....

Forex News and Events US JOLTS to be released Today the US Labor Department is scheduled to release its Job Report for March including data for Jobs Openings (JOLTS). This data remains controversial...

US payrolls bounced back in April, rising a solid 223,000 after March’s dismal gain of just 85,000. The news cheered the crowd and renewed faith in the case for macro optimism. But if the...

Sideways moves in spreads last week. Weak macro numbers weighed mildly on high-yield spreads. UK election outcome benefited corporations with UK activities. Oil price rally underpins Nordic...

Every month the Fed does a Survey of Consumer Expectations for inflation, earnings growth, income growth, and consumer spending growth. In the microeconomic data overview, the Fed provided charts for...

Sterling remains the strongest major currency this week as the post election rally continues. The pound also maintained momentum after the rather uneventful BoE rate decision yesterday. Some economic...

The unwinding of the long bonds/long US dollar position is continuing this week after it appeared to have reached climactic proportions last week. Eurozone benchmark 10-year yields are 11-12 bp higher...