Market Overview

The price of oil on Friday dropped to $49.25 per barrel of Brent, although it finished the day at around $50.60. Support for oil came from a US oil rig report which showed active rigs up for the week...

Gold prices rallied early today testing the 1350 resistance as noted over the past few days. Further upside is likely to continue if price clears the 1350 handle which could keep gold testing...

The strong come back in UK stock market last week argued that investors were indeed not too worried about Brexit. FTSE 100 angered the best week since 2011 and closed at 6577.83, well above pre-Brexit...

Asian markets opened quietly but then starts to pick up some strength. Nikkei reversed earlier loss and is trading 0.35% higher at the time of writing. HK HSI extends earlier gain and is up 1.25%....

VIX topped on Monday and declined almost 42% through Friday, erasing the prior week’s gains. What may have been strength turned into weakness as central banks unleashed massive amounts of...

The impact of the surprise shock from Britain’s vote to leave the European Union didn’t last long for the equity markets. Although equities went on a roller-coaster ride, most indices...

The Kiwi Dollar has been making a remarkable recovery over the past week, shaking off most of its Brexit losses. Although there was somewhat of a lag, the NZD/USD recovered largely as a result of...

Crazy price action this past week. Yeesh! The last couple of weeks of trade have price right back where it started. Is it going to break out? Continue to chop? Fall apart? The S&P 500 is right...

4-July 2016Market Summary The global equity market rallied following the Brexit selloff. Over the past week the UK's FTSE soared 7.15%, DAXK at 2.24% to Japan's Nikkei at 4.89%. US’s Dow Jones...

The week following the UK’s decision to quit the European Union has of course been busy with a heavy political agenda of unscheduled meetings among the business leaders and policy makers....

In June, the Dow Jones Industrial Average gained .80%, the NASDAQ fell 1.62%, and the S&P 500 increased .18%. At the halfway mark of the year, the Dow is ahead by 2.90%, the NASDAQ dropped 3.30%,...

Brexit: Get out the pitchforksBrexit is the only story of the week. More has been written on Brexit than almost anything else since June 23, 2016. Markets have roiled, taking a worse beating than they...

I seem to be writing only negative commentary on the USA economy. This past week we published our July economic outlook, which remains around the zero growth mark largely thanks to slowing government...

We’ve been on this journey before, but writers keep returning to the fascinating story of money. In The Evolution of Money (Columbia University Press, 2016) David Orrell and Roman...