Market Overview

The Q Ratio is a popular method of estimating the fair value of the stock market developed by Nobel Laureate James Tobin. It's a fairly simple concept, but laborious to calculate. The Q Ratio is the...

Note: The charts below have been updated to include today's preliminary report on U.S. Light Vehicle sales.For the past few years we've been following a couple of transportation metrics: Vehicle Miles...

Monday’s WSJ included an article titled “Glut of Chinese Goods Pinches Global Economy.” The main point is that “China’s excess manufacturing capacity and slowing growth...

Has the tide turned, or is the dollar merely taking a breather? Is the euro’s recent bounce off its lows just a dead cat bounce, or is it a sign of other changes to come? Why has gold not...

The bull case for the US dollar that we have presented is based on an underlying divergence. It is true that in any one quarter, the eurozone and/or Japan can grow faster than the US. The divergence...

Fifty-fifty could sum up yesterday. The three positive outcomes were in USD/JPY, GBP/USD and AUD/USD – although the latter two were triggered by the break of their respective downtrend channels....

ECB meeting and payroll on tapThe euro soared on what is being described as hope for a Greek deal with the EU, but we see it as a good old fashioned short squeeze. We have been noting the massive...

S&P 500 Bottom Line:2096/94 represents key support, which must contain weakness to avert vulnerability to 2075/70. Conversely, the index needs to climb above 2118 to gain some upside...

Private nonfarm payrolls in the US are projected to increase by 167,000 (seasonally adjusted) in tomorrow’s May update of the ADP Employment Report, based on The Capital Spectator’s median...

Last week, the global gold market was rather subdued as the upward momentum in prices ran out of steam hitting resistance at around $1220 an ounce. Despite a mild rally on Friday, gold prices fell for...

Norges Bank June rate cut is closed to fully priced in.Models, positioning and technicals suggests EUR/NOK downside.Sell EUR/NOK for a 8.3000 target.To Read the Entire Report Please Click on the pdf...

Judging by the comments of several high-profile perma bears, the US economy should be in recession any day now. But the Treasury market seems to be reading a different script. To be fair, yields...

We’re seeing some risk aversion in the markets ahead of the US open on Tuesday, with the larger than normal number of risk events this week weighing on sentiment. Ongoing Greek talks remain one...

EUR/USDToday’s support: - 1.0908 and 1.0884 (main), where correction is possible. Break would give 1.0853, where correction also may be. Then follows 1.0845. Break of the latter would result in...