Market Overview

The latest IMM data covers the week from 23 February to 1 March 2016.To read the entire report Please click on the pdf File Below

In Sweden, first out is the budget balance (Monday at 09:30 CET): not the SNDO-numbers (that do have market impact) but the once from Statistics Sweden (SCB). On Wednesday (at 09:30 CET), the SCB...

First off, Friday’s nonfarm payrolls (NFP) marked a solid check. The better-than-expected employment change is a huge positive. Unemployment held at 4.9% which is pre-GFC levels, although...

The financial markets open mixed this week with dollar paring some of last week's loss but stays weak. Asian equities are trading slightly lower at the tie of writing with Nikkei down -103.46 pts or...

Since stock markets are ultimately underpinned by corporate profits, let's ask: What factors could crush profits in 2016? The basic idea of a balance sheet recession (attributed to Richard Koo) has...

We've had a number of questions regarding the growth and the risks surrounding China's Wealth Management Products (WMPs). Here is an overview in a Q&A format.Q: What are the reasons for the...

It’s tough to sort the bad guys from the good guys... especially when there’s money involved.We all like to think we’re good at it. We meet somebody or watch an interview and...

Slowing manufacturing will weigh on German factory orders in today's update It may be time to trim expectations of slightly faster German GDP growth in Q1 Will Eurozone investor confidence continue to...

Note: In response to a standing request, here is updated comparison of four major secular bear markets. The numbers are through the Friday, March 4th close.This chart series features an overlay of the...

Market ReviewWe currently have moves ongoing in the following: Gold Japanese yen USD/NOK Copper GBP/CAD An additional move is developing in AUD/NZD. Below we will also comment on the Canadian dollar,...

I have become accustomed to a relatively predictable reaction to moves in the market’s expectations for rate hikes from the U.S. Federal Reserve. Last week began in the wake of the market...

It’ll be a while before Master Limited Partnerships (MLPs) will fairly be described as no longer in a bear market. So far the low point was on February 11, at which point the Alerian Index was...

Risk sentiment ended last week on a strong note, and that should carry over into this week. The global liquidity backdrop remains positive for EM, with the ECB widely expected to add more stimulus on...

Sometimes the news stream drives prices, and sometimes the price action drives the narratives. We argued that the sharp decline in equities at the start of the year was fanned by the doom and gloom in...