Market Overview

Bullish percent levels in the S&P 500 energy sector are at nosebleed levels. Oil may still have another dollar or two of upside. Both may need to take a breather soon:

Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the...

Today the Institute for Supply Management published its latest Non-Manufacturing Report. The headline NMI Composite Index is at 57.8 percent, up 1.3 percent from last month's 56.5 percent. Today's...

Note from dshort: The charts in this commentary have been updated to include the latest monthly data.Our monthly market valuation updates have long had the same conclusion: US stock indexes are...

With the Federal Reserve now indicating that they are "really serious" about raising interest rates, there have come numerous articles and analysis discussing the impact on asset prices. The general...

To be sure, it looks like growth slowed over the course of the difficult winter. The cause of this malaise doesn’t appear to me to be weather-related, but rather dollar-related; while currency...

Yesterday, the Census Bureau released March data for US merchandise trade. Imports rose significantly. However, the 10.3% m/m jump in the inflation-adjusted series reflected some catching up after the...

Private nonfarm payrolls in the US are projected to increase by 195,000 (seasonally adjusted) in tomorrow’s April update of the ADP Employment Report, based on The Capital Spectator’s...

We expect Norges Bank (NB) to leave rates unchanged on Thursday but Governor Øystein Olsen to maintain a strong easing bias. We expect NB, either in the press statement or in the...

Forex News and EventsCurrency war is far from being over as central banks around the world are easing further their monetary policy. This morning, the Reserve Bank of Australia (RBA) cut its cash rate...

It’s been a quiet couple of days in the financial markets as investors in Europe celebrated the May bank holiday, heavily hitting trading volumes in the lead up to a massive weeks for...

Chicago Fed President Charles Evans recommends waiting until 2016 to start raising interest rates. The tipping point, he advised in a speech yesterday, should be compelling evidence that wages are...

Count down to UK General ElectionWith two days to before the UK’s general election, the political uncertainties anchor the GBP-complex on the downside. The sell-off in Gilts pushes the entire UK...

Let's start with some notable manufacturing PMI reports from around the world. For those who are not familiar with PMI, it stands for Purchasing Managers Index - a helpful early indicator of the...