Market Overview

In the first quarter of 2015, U.S. economic growth came in barely above zero. Similarly, corporate profits have been coming in consistently below estimates.In both cases, the culprit was the US...

Capturing dividends using covered call writing has been a topic on great interest lately. I recently wrote an extensive white paper on this topic located in the “resources/downloads”...

Eyes on the Consumer The Atlanta Fed Macrobblog has All Eyes on the Consumer.It appears that the first quarter may have been even worse than we thought. The CNBC Rapid Update consensus estimates from...

Markets: 3 out of 4 Indexes were up this week, with the Dow leading, as markets bounced back on Friday, after a middle of the road April jobs report eased fears of a June Fed rate hike. Fed chief...

Last week’s review of the macro market indicators suggested, heading into May that the equity markets continued to look better on the longer timeframe but a bit shakier on the shorter...

My rally target yesterday morning was a retest of the daily middle band at 2100. SPX gapped over that this morning and the question now is whether the bulls can hold this break into the close. If they...

Prime Minister David Cameron led the Tory Party to a UK election victory that was a surprise to pollsters and most observers, including us. The Tory victory removes the risk of a period of policy...

Is it just me or do we seem to be permanently grumpy about the state of the economy? I hate to be the guy trying to highlight some of the good in a pretty weak recovery, but this economy just...

What are the main threats to the equity markets and what oft-cited concerns are likely less important. To answer this, here is a brief update on our overall views.Technicals: The technicals for US...

In Thursday's missive, I very briefly discussed "recency bias" as it related to sentiment based economic surveys. I spent much of last evening pondering the issue of "recently bias" as it relates to...

Forex News and EventsExpect a Bullish reversal in USD/CAD From the sidelines today, we will also get Canadian labor figures. Canadian unemployment rate is expected to rise to 6.9% from 6.8% in March...

Every time someone comes up with a “new and improved” way to invest or predict which active managers will shine, it seems that subsequent research finds that it’s really just about...

Enter 2s5s 6m forward flattener @ 64bp. P/L: 50bp/74bp. Roll down: 3bp/6m. After the move upward in yields, forward rates have picked up sharply and, in our view, seem to have moved too much. In...

It has been an incredible day in the markets and the excitement is far from over as we await the release of the April US jobs report and people prepare for a weekend of uncertainty ahead of the...