Jerome Powell, FOMC Minutes and CPI
It has become abundantly clear that we have entered an era of ultra-low interest rates in much of the industrialized world. From Japan to Germany and much of Europe, negative […]
Economy
Oil Prices Jump After Attack in Saudi
Despite Friday’s mixed performances, US equity markets gained ground last week, while the Dow Industrials logged their 8th consecutive daily gain. Financials provided a constructive underpinning to the week as […]
September 11 remembered
Last year, at this time, markets were on the precipice of a meltdown that lasted into year-end, 2018. December 24, to be exact. Fueling the dramatic shift to risk aversion […]
A Picture is Worth a Thousand Words
The old adage, “a picture is worth a thousand words” comes to mind when looking at the price action posted by US equity markets in the month of August thus […]
A Washout Trade and Rising Risks
The breakdown in equity market pricing last week was more follow-through from the previous week’s performance than it was an event in and of itself. As discussed in last week’s note, […]
Get Ready for the World Economy’s Biggest Week of 2019 – Bloomberg
US equities posted another solid week for investors. On Friday, growth-centric indices Nasdaq Composite and Russell 2000 both gained greater than 1%. The S&P 500 added 0.7% and the Dow […]
Stock Rally From Early June Shows Signs of Fading Momentum – Marc Sutin
We find ourselves in genuinely rarified air as investors. The unemployment rate stands at a multi-decade low, unemployment among minority workers is at historic lows, and equity market indices are […]
European political upheaval, stalled trade talks, lower equity prices and compressed bond yields
Not unexpectedly, US equities took it on the chin last week. The lopsided trade lower was fueled largely by the increasingly widely shared view that US/China trade talks are not […]
Now What?
To say last week was an interesting one for investors would be putting it mildly. My repeated insistence on caution in recent notes, as it relates to US equities, was […]
US equity market uptrend under pressure as Q2 gets underway
US equities closed out Q1 on a positive note on Friday with the Nasdaq posting a quarterly gain of 16.5%. Quarter-end window dressing helped lift all major equity market indices […]