Market Overview

In early October the near-term outlook for the US business cycle looked mildly grim and output was forecast to turn slightly negative starting in November. But after four weeks the dark estimate...

Peloton is down 73.9% year-to-date and 94.5% from its January 2021 record high Expect more pain ahead for the embattled company. "The ship is turning," Peloton (NASDAQ:PTON) CEO Barry McCarthy...

The Fed told markets what they didn't want to hear. Rates would need to be higher than previously thought, and with that, rates across the curve and the dollar are moving higher. Both rates and the...

And Down AgainHaving come within a whisker of 7000, down goes the ASX200 once more. The typically volatile month of October may have ended, but we’re not out of the woods yet. Although yesterday...

DXY to the moon:   AUD through the floor:CNY the same:Oil held up. Gold fell:Commods are hanging on:And miners (NYSE:RIO):EM stocks (NYSE:EEM) have gone nowhere:US junk (NYSE:HYG) broke:Yields...

Last week, oil companies reported record profits for the third quarter. This was as expected, because the average price of oil in Q3 was $91.43 per barrel. Even though prices have dropped from the...

DXY is on the march again:   AUD was thumped:Oil is very sticky:Commods hung on but miners sank (no chart):EM stocks (NYSE:EEM) are a mess:EM junk iShares iBoxx $ High Yield Corporate Bond ETF...

The Fed upset the apple cart overnight with its sixth rate rise in a row, launching up 0.75% while stock markets tanked on both sides of the Atlantic. Wall Street fell between 2 and 3% with Asian...

CAT stock is coming off its best month in more than a decade Strong Q3 earnings capped rally — but external environment looks questionable For a cyclical business like Caterpillar, there’s...

After two months of painful losses, stocks put together a nice, solid October rebound.The Dow Jones Industrial Average had a sensational month, jumping 13.94%, its biggest monthly gain since January...

Regional bank heads rotate into FOMC voting positions next year Hawk-dove rankings in flux in volatile economic environment Inflation remains strong, but growth and employment still...

New data by the ABS shows retail turnover rose 0.6% across the nation in September, making it the ninth consecutive monthly rise.Despite the rise in the retail sector, the pace appears to be to...

DXY is rebounding strongly now:   AUD is fighting and failing:Partly because CNY is entering free fall again:Oil faded. Gold is showing no sign of a DXY top:Base metals were whacked and big...

Strong FinishThe ASX200 opened the last day of October up 72 points and closed up 77. There was nevertheless a little trip to up only 38 at lunchtime. The open was driven by a strong session on Wall...