Market Overview

Commodity currencies are generally firm today but dollar is playing a catch up. Sentiments in the financial markets turned rather positive as DJIA followed global markets and closed up 187.03 pts, or...

We have mentioned previously the likelihood of the Fed adopting a cautious tone to future rate hikes, as price action in the USD lacks any significant bullish structure.Indeed, investor psychology is...

In Europe focus will be on the Bank of England meeting and the final inflation data for Euroland. Bank of England is expected to be on hold given the focus on the upcoming Brexit vote.In the US we...

I have a theory about the U.S. stock market (and all other markets). I have no idea if I am right or wrong, but I believe with all my heart I am right.The theory is that there is only one major...

Analysts expect the Bank of England to keep record low rates unchanged today Core inflation has firmed, and deflation risk is no longer a concern in the UK US jobless claims are on track to hold...

Given the revisions to wholesale sales (downward) and inventories (upward), we knew that the overall inventory imbalance for the whole supply chain would be pushed up somewhat. Total Business...

Calendar effects, base effects, and holidays continued to plague retail sales estimates. Where February 2016 included a 29th day of extra selling/buying, March finds an early Easter holiday relative...

IMF Chief Christine Lagarde is worried that public finances around the world threaten to undermine the global recovery.Despite deteriorating finances, the IMF urges strong countries to spend more and...

Economic and Demographic ChangesWe have discussed China’s debt and malinvestment problems in these pages extensively in the past (most recently we have looked at various efforts to keep the yuan...

Summary: At the panic low in equities in February, fund managers' cash was at the highest level since 2001, higher than at any time during the 2008-09 bear market. Global allocations to equities had...

Wednesday's release of the March Producer Price Index (PPI) for Final Demand came in at -0.1% month-over-month seasonally adjusted, up from -0.2% in February. It is at -0.1% year-over-year, down from...

The Census Bureau's Advance Retail Sales Report released yesterday shows that seasonally adjusted sales in March unexpectedly contracted. Headline sales came in at -0.3% month-over-month, which was...

They say the markets are forward-looking, discounting what will happen in the near future rather than what has already happened in the recent past. I believe this is true. However, some markets are...

I have not been writing a lot lately. The truth is, I'm a little out of sync with the markets these days. And I prefer to write when I feel like I have at least some idea of what the heck is going...