Market Overview

Last night we heard from three Fed policy makers separately explaining their rationale for initiating liftoff at one of the Fed’s two remaining meetings of 2015 with the bulk of comments around...

It’s a good news day. Much relief will be felt from a number of retail investors who have been confused as to the very crux of the sell-off in global equity markets.To be fair, most...

Not surprisingly, there is a strong inverse correlation between the yearly percent change in total non-gold international reserves (in dollars) and the trade-weighted dollar. The former is down -4.5%...

The kiwi dollar is facing a significant rout as concerns over a slowing domestic economy and the potential for looser monetary policy by the RBNZ continue to weigh.The NZD continued to slide last...

1) Reports suggest the PBOC will impose a 20% reserve requirement on financial institutions trading FX forwards 2) The HKMA had to intervene this past week at the strong side (7.75) of the HKD peg 3)...

We begin with an update on global manufacturing trends. In the United States, the ISM Manufacturing PMI report showed how the recent US dollar strength is choking off American manufacturing recovery....

Many commentators have ably explained the double-bind the central banks of the world find themselves in. Doing more of what's failed is, well, failing to generate the desired results, but doing...

Home buyer wavesI'm in the midst of what will ultimately be my most comprehensive research project to date, and henceforth will aim to share a few high level viewpoints and findings on this page along...

As equity markets go to hell in a hand basket, and capital markets react to the additional safe haven flows, analysts are left wondering if Asia is facing a repeat of the 1997 financial crisis.The...

As equity markets go to hell in a hand basket, and capital markets react to the additional safe haven flows, analysts are left wondering if Asia is facing a repeat of the 1997 financial crisis.The...

The latest batch of US economic indicators certainly looks upbeat. The Consumer Confidence Index (CCI) rose sharply during August, led by its present situation component to the highest reading since...

The latest story scaring investors witless (TM OldProf Euphemism) is the collapse of the Chinese economy. It has become an element of Wall Street Truthiness. The Chinese are lying about their data,...

China appears to be flailing. Its stock market stabilization efforts have failed miserably. It looks as if it has botched another attempt to let market forces have greater sway over the yuan's...

Rip Your Face Off: Have you heard traders talk about a rip your face off type move? Well that right there was everyone’s collective face getting ripped off.The following S&P 500 charts tell...