Market Overview

Writing for the Upshot section of the New York Times, Harvard economist Greg Mankiwhas weighed in on the Pikkety debate. He accepts Pikkety’s scenario of ever increasing inequality as at least a...

Those who see the current era as the 'New Normal' also have one logical action: sell now at the top and wait for the smoke to clear in 2016.In The Generational Short: Banks, Wall Street, Housing...

A snapshot view of yesterday’s New York - London session with technical notes.Key Events:AUD: Quiet week for AUD so the fate of Aussie will lie in the hands of China and US dataCAD: Also quiet...

In spite of the dovish tone from Janet Yellen at the press conference last week, the short term rates markets are betting that the Fed will become even more dovish in the months to come. Fed funds...

The US is facing a new housing crisis. No, it has nothing to do with subprime mortgages or bloated home equity balances. This time the nation is dealing with shortages of rental housing, a problem...

The three-month average of the Chicago Fed National Activity Index (CFNAI) is expected to rise incrementally to +0.20 in today’s update for May, according to The Capital Spectator’s...

There are several events in the week ahead, in the addition to the World Cup, that will attract market attention. These events will take place within a general consensus of the outlook for monetary...

I have been fairly negative on the prospects for residential construction - this negativity was partially caused by the slowdown in existing home sales. Existing and new homes sales historically...

Chart 1: Global markets show no signs of oversold conditions anywhere From time to time I like to look at global macro asset Overbought vs Oversold conditions by checking weekly RSI readings....

I think alternative investments should analyzed the same way that ordinary investments are analyzed.  After all, I have written: On Alternative Investments and Alternative...

Canadian CPI data surprises market and BoC USDCAD support crumbles Strange bedfellows in the Middle East The Bank of Canada (BoC) appears to have been caught napping with its inflation forecasts...

As a follow-up on some collaboration with Mike Shedlock in advance of his recent commentary on wages over time, here's a perspective on personal income for production and nonsupervisory private...

The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) is at 135.4, down from the previous week's adjusted 135.7. The WLI annualized growth indicator (WLIg) is unchanged at to...

Once again, the market focus has turned to the Fed. For many months the official Fed policy has included an inflation target, an annual rate of 2%. For many months I have written that inflation will...