Buckle Up
On Friday of last week, the principal driver of early morning price weakness and volatility was the death of Iranian General Soleimani at the hands of a US military drone […]
EU
In the Media: Tencent
Breaking through the patriarchal political barrier, Lagarde becomes Europe’s first female central bank governor–by Kang Lu and edited by Zhang Qingning. Original in Mandarin Lagarde accepted an interview with the […]
Bad News = Good News?
My calls for caution, as it relates to US equity prices, appeared to have received a degree of confirmation at the conclusion of last week’s trading. All three major equity […]
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 […]
Another variable for markets to price in?
US equity markets fell sharply on Monday as heightened risk-off trading took hold of investor sentiment, following through on the previous week’s setup. Tuesday through Thursday markets attempted to stage […]
US stocks trend higher, Fed Chair Powell and financials on tap this week
Fed Chair Jerome Powell scheduled to talk this Wednesday, Thursday, and Friday. Q1 Earnings season picks up steam this week with select financials reporting Q1 results Friday. US equity markets […]
Now Things Get Interesting – The Last Trading Week of Q1
Last week, US equity markets finally began to price in several variables that we have touched on in recent notes. The risk-off trade led to the worst one-week performance for […]
Last week’s pullback leaves equity markets vulnerable
The pullback that I suggested was on the horizon in last Monday morning’s note took shape last week. All three US major market indices lost ground on every trading day […]
The Specter of Knightian Uncertainties
As is the case with nearly all equity market strategists, I usually look at markets through the lens of quantifiable knowledge -corporate earnings, economic data and modeling, and historical trends. […]
FOMC, Earnings and Data
Update May 8, 2017: Macron wins French presidential election amid EU relief sighs, market highs and profit taking: http://www.reuters.com/article/us-global-markets-idUSKBN184003 US equity markets did manage to post meaningful gains at the […]