Market Overview

US credit growth continues to accelerate, reaching the highest year-over-year pace since the Great Recession. In 2012 the growth was primarily driven by corporate debt (chart below) as banks remained...

The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) is at 135.8, up from the previous week's 135.5. The WLI annualized growth indicator (WLIg) dropped to 3.8 from the...

We haven’t done a Linkfest in a while. Tadas Viskanta’s “Abnormal Returns” is the gold standard amongst the blog distributor’s, but our goal is not to compete with or...

I have written much about financial repression in China, how the artificially depressed cost of capital have benefited SOEs and Party insiders, etc. (see this link for past posts). The current round...

They say a week is a long time in politics, and in the financial markets, the same sentiment could be applied to equity markets, which ended the evening in positive tone, and in sharp contrast to the...

Obviously, this weekend's reading list is focused on what to do now. Is this just another "dip" that investors should buy into? OR, is this the beginning of the long overdue intermediate-term...

With the Asian and European markets generally down overnight, the Emini S&P hit a low of 1890 overnight, then spent the day rallying. In the end, it rose a full 21 points. Traders took comfort in...

For those looking back at the last couple weeks and scratching their heads about all the volatility in US equity markets, here is a thought. Yes, we've had some new geopolitical risks such as the...

Argentina's Default: A Devastating Lesson in Unfunded Government LiabilitiesBy Dickson Buchanan Jr.  Last week, on July 30, the Republic of Argentina was declared to be in default for the third...

Of all the position decisions across the broad asset classes, cash is always the one that causes the most angst. In a strategy that focuses on trend and relative strength analysis, under/overweight...

Market Movers ahead US retail sales and consumer confidence are expected to show that the recovery in consumption is continuing, albeit at a slower pace than in the spring. Eurozone GDP growth was...

While all too many market prognosticators, political pundits, central bankers, and Wall Street economists work overtime at creating and promoting a narrative to fit an improving global growth story, I...

One of the most fascinating developments of the stock market rally over the past few years has been the killer performance of companies with less-than-stellar financial situations.Companies with weak...

European markets are trading lower this morning after a predictive response from both Central banks- the ECB and the Bank of England. The emphasis is very much on geopolitical tensions now and this...