Market Overview

Over the last two trading days, European banks have lost 23 percent of their value. Let that number sink it for a bit. In just a two day stretch, nearly a quarter of the value of all European banks...

I thought of other titles for this week, of course, and lingered for some time over a play on the “confederacy of dunces” theme. However, this is a column about investments, not political...

Last week was relatively negative for the Eurodollar as the pair faced a volatile UK vote on their EU membership, which despite forecasts to the contrary, ended in a majority choosing to exit the...

England have exited Europe for the second time in a week, this time going down to Iceland (yes you read that correctly, ICELAND) 2-1 in the Euro 2016 quarter finals. If you’re not a football...

U.S. stocks continued Friday's sell-off in the aftermath of the U.K.'s vote to leave the European Union, with financials and technology issues responsible for the brunt of the decline. Treasury yields...

This morning the Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for June. The latest general business activity index increased in June after two months of decreases. The General...

I want to talk today about some of the really important pieces of information that circulated this weekend. First, I am certain that everyone is familiar with the following chart, which made the...

Defying sentiment polls leading up to last week’s historic Brexit referendum, British voters said “thanks, but no thanks” to excessive EU taxation and regulation, choosing to take...

Market Summary-Brexit 27-June 2016 Market SummaryA historic referendum in Britain finally came to a close with the astonishing win from the exit party by 4% (52% leave vs 48% stay).The outcome has...

Followers of the FOMC’s Summary of Projections releases will have noticed a sharp change in the June dot chart from the March chart. No, we are not talking about the downward shift from one to...

The UK has decided to seek a divorce from the EU after a 43-year rocky marriage. It was not an overwhelming decision. Brexit won by 52%-48% margin, seemingly too small for such a momentous decision....

A cliché—“Expect the Unexpected”—has happened.As I noted in “The Divisive Brexit Vote”, though I favored Brexit, I took the opinion polls at face value, and...

Brexit shockwaves continueA shorter workweek is beginning in Canada and more significantly, the second session after “B” day. For the time being, the pound sterling remains the currency...