Market Overview

The UK's decision to leave the EU spurred a dramatic risk-off move through the capital markets. The dollar, yen, and gold soared. Equities and emerging market assets sold off hard. Core bond yields...

Although the results are not official yet, it seems almost certain that the UK has voted to leave the EU with 96.9% votes counted showing 51.7% in favour of leaving and 48.3% in favour of staying. The...

UK: The UK has voted to leave the EU. The turnout was very high but a lot of political questions remain. We expect the BoE to respond with GBP liquidity and swap lines with major CBs could be...

It’s certainly amusing watching the amazing swings in US treasuries, equities, and the British pound in the wake of counted voted in Newcastle.Pollsters predicted 66.8% for Remain. Instead,...

On June 23rd, Nigel Farage says we got our country back.This couldn’t be any further from the truth. The UK’s decision to leave the EU is the UK’s death knell. I don’t mean to...

There we have it, it’s done and dusted. Months of speculation and whispers but we finally have an answer, the UK have left the EU. Ironically as Northern Ireland, Wales and England are all still...

Against all odds, the UK has voted 52% to 48% to leave the EU. The market followed to this news of Brexit with safe haven assets up and risky ones down. This was bad news for oil since it is likely to...

Panic, volatility and risk-off best summarized the trading session in London overnight. So far, Britain appears to have decided to ‘Leave’ the European Union. The pound lost more than 10%...

Two weeks ago, I wrote about an upcoming New York City condominium listing for $250 million. I mention this because, as I’ve explained before, it’s always the tallest buildings and...

When less stuff is being bought, sold and shipped around the country with each passing month, how in the world can the U.S. economy be in “good shape”? Unlike official government...

Bubbles are not new. The tulip mania, for instance, peaked some 400 years ago. Interestingly, there is one common characteristic about bubbles: that they are considered ‘normal’ during the...

Anora Mahmudova commented recently on MarketWatch about Mohamed El-Erian’s discussion on the importance of holding cash. At a breakfast meeting with reporters on Monday, the former Pacific...

New home sales in May fell 6% from a downward revision to April’s huge numbers.Those April numbers looked too good to be true, and they were. Yet, the May numbers were the second best in the...

Millennials...the generation everyone loves to hate.They’re too entitled, too lazy and they spend entirely too much time on their phones. But the criticism is nothing new. It’s a rite of...