Market Overview

The surprise delivered by Ben Bernanke with the FOMC voting to keep QE3 intact is well documented by now, and markets are adjusting to new guidance, whatever that is, while the underlying economic...

Markets worked downward to give up almost all gains that came after the release of the FOMC minutes. The Federal Reserve's’ lone dissenter, George spoke strongly against continued tapering...

The wait is over now – and so a new one begins. The long-awaited monetary taper was announced by Federal Reserve chairman Ben Bernanke on Wednesday: It is exactly zero, leaving us to wonder when...

The too big to fail banks are now much, much larger than they were the last time they caused so much trouble. The six largest banks in the United States have gotten 37 percent larger over the past...

Market tops always involve insanity. And today we have that in abundance.On Wednesday the Fed surprised the world by not announcing a QE taper. Stocks and all “risk” assets exploded...

The first point traders will watch is whether eurosceptic party anti-euro Alternative for Germany (AfD) secures the minimum 5% vote required to enter parliament. AfD entry would trigger an immediate...

Shares of Tesla Motors, Inc. (TSLA) surged 7% yesterday to close at $177.92, after reaching a new 52-week high of $180.47. The stock witnessed trading volumes of 15.6 million, significantly higher...

Heartening news is that India witnessed a huge fall in the imports of gold metal in the month of August, 2013 gives some relief. India just imported 1/10th of this yellow metal as compared to...

Market movers today Euro area September consumer confidence is due for release. We expect an above-consensus improvement. Tonight Fed's George and Kocherlakota speak. Both are non-voters but we will...

Is the Fed shifting the markets' focus from QE tapering to forward guidance as it fears rising rates? If it is, it would explain why it has postponed tapering. After the Fed, the trend in long-term...

We have been expecting a soft devaluation of the Ukrainian hryvnia for some time, as the artificially strong exchange rate is creating severe imbalances in the economy. Currently, we see it as a...

The FOMC voted this week to keep the punchbowl full, much to the surprise of many, and the word taper will continue to be the most overused term in our financial lexicons through at least Q1 2014....

On Thursday, September 19, the American market finished the trading session with a small decrease. During the session the S&P 500 index established a new historical record on a level of 1729.86...

Market movers ahead: After the German election over the weekend, Angela Merkel is expected to continue as Chancellor, but a broad CDU/CSU-SPD coalition seems to be the most likely outcome. We...