Market Overview

Last year, we suggested that Abenomics might be more beneficial for small cap Japanese companies than large caps. Sure enough, the JASDAQ easily outperformed the Nikkei. In fact, the JASDAQ is still...

With the directional moves we witnessed yesterday I thought the analysis would be plain sailing. How wrong I can be. It has been a bit like solving six different Times Crosswords in 2-3 hours. It may...

After months of slumbering complacency, market participants have been awakened by the stark reality of market risks.  What goes up, it seems, can actually come down.  However, we need to...

Personal Consumption Expenditures: Dec 2013 Preview Tomorrow’s report on personal consumption spending for December is projected to show a gain of 0.3% vs. the previous month, based on The...

With their backs against the wall, policy changes are ramping up amongst major EM countries. Yet the positive impact has been limited so far. We do note that countries that tightened aggressively and...

AM AnalysisInvestors will be keenly watching the markets todayInvestors will be keenly watching the markets today to see what reaction we will have to the Federal Reserve’s decision to taper...

My colleague David Kotok has already commented on the FOMC’s most recent decision with respect to the path for tapering its asset purchase program. It is now obvious that unless the FOMC chooses...

The euro lost some ground on Thursday morning after weak data from the eurozone added to evidence that the European Central Bank would be forced to intervene in order to prevent deflation. The common...

Yesterday, the Fed announced the decision on the reduction of the repayment of assets, by 10 billion dollars, to $65 billion dollars a month. This meant that the regulator ignored the weak statistical...

The Federal Reserve bank did what we were expecting, another 10 billion taper and reducing the total quantitative easing to $65 billion. The European markets, which was getting a breather from the...

GATX Corporation (GMT) recently delivered impressive fourth quarter results and provided bullish guidance for 2014.This motivated analysts to revise their estimates much higher for both 2014 and 2015,...

Market movers today Emerging markets continue to be the focal point. As long as this is the case financial markets will take the lead from the development in the EM currencies and macroeconomic data...

■ Spanish GDP grew by 0.3% q/q in Q4 2013 (-0.1%y/y) according to the preliminary estimates of the National Statistics Institute (INE). As expected, growth accelerated after the economy...

The US dollar is posting across the board gains as the global capital markets continue to be unsettled. The yen is holding its own against the dollar, but is firmer on the crosses. Emerging market...