Market Overview

Typically, there are always one or two data points that jump out from the Thomson or Factset earnings summaries, which come out each Friday afternoon.This week, it was noted on page 5 of the Factset...

by Eli WrightLast week, US Indices continued their push higher mostly ignoring potential risk events. European markets treated last Sunday's Italian referendum vote as a minor speed bump, while oil...

In the US, next week's main event is the FOMC meeting on Wednesday. Stronger growth in H2 supports our view that the Fed will raise the target range by 25 points. All eyes will be on indicators for...

The market is convinced that significant US fiscal stimulus will drive a stronger USD and higher rates - particularly US rates.However, there is high uncertainty regarding the type of US fiscal...

The latest consequence of economic mismanagement in Europe was the failed attempt at constitutional reform in Italy this week. The Italian people have had enough of their government’s economic...

In 2015/16 the Russian economy suffered in the sharpest recession since 2008/09 The RTSI Stock Index, anticipating a recovery, is up 78% from its January lows Russian government bonds traded at 8% in...

VIX declined this week, but failed to go beneath its Wave (3) low at 11.02.Should it reverse from this week’s low, it may qualify as a truncated wave.The implications are enormous, since it...

■ The ECB decided to extend its Asset Purchase Programme (APP) by 9 months (up to December 2017, at least) and to reduce the volume of monthly purchases from EUR 80 bn to EUR 60 bn starting in...

But to measure cause and effect... you must ensure that a simple correlation, however tempting it may be, is not mistaken for a cause. In the 1990s the stork population of Germany increased and the...

According to survey data, economic activity seems to be holding up well in the year-end period. Even so, growth is likely to slow in 2017. With monetary policy overburdened, fiscal policy has once...

Expectations of the referendum’s outcome prevented the markets from over-reacting. Banking stocks fell mildly immediately following the referendum, but rebounded again until 8 December...

Economic CommentaryThe year 2016 was dominated by an environment of multi-year lows in oil prices and global bond yields as well as political surprises. Much of this is set to change in 2017, where we...

While it may seem stocks have been surging higher since the election a month ago, some areas of the market have stalled out and have retreated. The Fed will meet this week, and with markets at all...

This past week there was a trio of economic reports this past week: International trade, Factory Orders, and Wholesale Trade.I did not think any of them would change model GDP estimates because there...