Market Overview

On November 30th, the Swiss are voting whether to amend their country’s constitution on an initiative entitled ‘Save our Swiss Gold.’ The Swiss gold initiative appears widely...

Gone too far Investors yesterday realized that they had indeed gone too far, as I thought, and reversed much of Friday’s action. The Fed funds futures, which had knocked 9 bps off of tightening...

The Aussie dollar is trading around US86.20 cents today virtually unchanged from yesterday as positive real estate and business data hit the market putting a floor under the local currency. The latest...

Currencies The euro (EUR) fell to 1.2417 yesterday against the US dollar (USD) as the dollar rebounded. European Central Bank (ECB) will start soon buying asset-backed securities as part of the new...

Tuesday’s another slow day for economic news, in part because it's a holiday in the US (Veterans Day), which means that the bond market in the United States is closed while equity markets will...

EUR/USDToday’s support: -1.2408(main),where correction is possible. Break would give 1.2396, where correction also may be. Then follows 1.2371. Break of the latter would result in 1.2347. If a...

Talking Points: DollarRises Versus Majors as Correlation to S&P 500 Builds Euro Steady Despite Painful Investor Sentiment, Slowing Stimulus British pound Counting Down the Hours to...

100 years ago today, Europe was embroiled in the First World War. Four years later, or 96 years ago today, the guns fell silent. The Economist showed the terrible price paid by each of the major...

There is a saying: “The rich just keep getting richer”. And by all accounts, since the 2008 financial crisis, they have. Unfortunately, for the struggling poor and middle class, wealthy...

Consumer Discretionary UnderperformingThe chart below shows the performance of consumer discretionary stocks relative to consumer staples. For most of 2013, discretionary sectors were leading...

The parallels between the false prosperity of 2007 and 2014 are rather striking.  If we go back and look at the numbers in the fall of 2007, we find that the Dow set an all-time high in...

This past August I discussed the potential for the market to rise to 2100 along with "5-risks" to that forecast. One of those risks related to the "Polar Vortex" that shut down economic activity...

Chinese consumers are gearing up for the country’s biggest online shopping bonanza of the year.The holiday — set for Tuesday — is called “Singles Day,” and started as a...

Those that view the economy as a giant, nearly infinite candy bowl will 'take' until nothing but the bowl remains. Many of the 'temporary' taxes designed to close the budgetary gap caused by the Great...