Market Overview

One way or another the crisis in Greece is highly likely to come to a head in June.Greek finances are in such sorry shape it needs a third bailout or it will be unable to meet payment obligations in...

The Bureau of Labor Statistics released the April CPI data this morning. The year-over-year unadjusted Headline CPI came in at -0.20% (rounded to -0.2%), down from -0.07% (rounded to -0.1%) the...

Note: This commentary has been updated to include the Real Retail Sales data for April.Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is...

I just watched a couple of clips from the video of this year’s Yale commencement—the awarding of honorary degrees to Janet Yellen and Elon Musk. Janet Yellen, with her marvelously warm...

The US dollar's recovery last week may not get the kind of fundamental support that medium and long-term investors would like to see to raise confidence that the two-month correction has run its...

Morning View:Good Morning Traders.We had a fair bit going on across markets late Friday night and into the weekend with story lines coming out of the UK, Europe and the US so take a seat, get out your...

The addiction continues...The latest word from the Fed tells us there’s no rate hike in sight. Welcome to a world without interest rates. The Fed’s inability to wean us off its stimulus...

When one analyzes the economy, there are always some sections which do better than others. When the economic growth is weak (like currently), several segments can be in contraction while others are...

Next weeks shortened holiday week includes 18 separate economic releases, T-bill or T-bond auctions or announcements, 6 Federal Reserve Bank presidents speaking and the US GDP.Monday the markets are...

Last week’s review of the macro market indicators suggested, heading into the Memorial Day Weekend that the equity markets looked healthy, but remained short of break outs. Elsewhere looked for...

The “wealth gap” in the United States is widening. It’s a fact we’re reminded of almost every day... On the web... in the news... and, increasingly, as part of campaign...

If you’ve been paying any attention at all to the stock market, you know that the biotech sector has been on fire. The Amex Biotechnology Index is up 19% year-to-date (versus a 3% gain for the...

Market movers ahead We expect US Q1 GDP growth to be revised lower over the coming week, due primarily to exports and inventories. We expect the underlying upward trend in the US housing market to...

The US dollar had a good week. Indeed, the Dollar Index's 3.3% rise was its best weekly performance since last September. After looking rather bleak, the divergence theme struck back with a vengeance....