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The main thrust of our bullish US dollar outlook is the divergence in monetary policy trajectories. We do not think the divergence has peaked and anticipate it to persist through next year and into...
We all crave knowledge of the future. Is it going to rain this weekend? Where will the equity markets be in a year? Next week? Five minutes from now? Predictive models, many using big data and...
This week was an overall risk-off environment, as US stocks lost 1.8% and foreign stocks down 2.7%. Meanwhile gold, Treasuries and the US dollar found some demand. September has historically been the...
My weekend economic summaries try to put current economic events into perspective. I purposely give higher weight to the information coming from the Federal Open Market Committee (FOMC) - as they are...
“Most FOMC participants, including myself, currently anticipate that achieving these conditions will likely entail an initial increase in the federal funds rate later this year, followed by a...
The current investment environment is challenging, to say the least. It seems every asset class or area of the world you look at, there are issues. China's industrial sector continues to struggle with...
The past week, it seemed markets were ready for a nice rip to the upside, on at least a couple of occasions. That is something actually, as since late August the bulls have been struggling to string...
Market movers ahead The main event next week is the US job report. We expect job growth slowed to 180,000 in September. Job growth will need to drop below 160,000 before the Fed will see it as an...
Last night, the S&P 500 futures opened lower but rallied early into the Asian session and took off on the Euro open making it up to 1950 more than 50 handles from Thursday’s low before...
Conservatives and liberals interminably debate the merits of “the free market” versus “the government.” Which one you trust more delineates the main ideological divide in...
A little over a week ago, the Fed announced it wasn’t raising rates. Our next chance of a hike is October... more likely, December. Perhaps you breathed a sigh of relief when you heard the news....
DOW + 113 = 16,314S&P 500– 0.9 = 1931NAS – 47 = 468610-Year Yield + .05 = 2.17%OIL + .64 = 45.55GOLD – 7.70 = 1147.40SILV – .05 = 15.20For the week, the Dow was down 0.4...
The US dollar rose against all the major and emerging market currencies over the past week, save the Russian ruble, which gained about 1.5%. Comments from several Fed officials, and most notably...
Ms. Yellen knew she made a terrible mistake last week by not raising rates. She made a speech to the world last night and did her best to correct that error in judgment. She said she would be raising...
Note: The charts in this commentary have been updated to include the Q2 2015 Third Estimate.The chart below is a way to visualize real GDP change since 2007. It uses a stacked column chart to segment...