Market Overview

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....

RBA on Hold:As economists and traders had widely expected, the Reserve Bank of Australia yesterday left the official cash rate unchanged at 2.00%. This was the fourth consecutive meeting that Stevens...

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...

The People’s Bank of China this week announced a raft of stimulus measures aimed at propping up a faltering economy. What were they and will this have any effect?Or will it merely kick the can...

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,...

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...

It was a difficult week for the dollar, stocks and commodities last week, to say the least. The Chinese yuan, which had been a catalyst for some recent volatility, stabilized, and actually finished...

We begin with the energy markets where the carnage continues. The selloff started with the latest report on US crude oil inventories showing crude in storage rising by 2.6M barrels (vs. -0.8M...

Greece had been a dominant issue for investors for much of the first seven months of the year. The seemingly reversal by Greek Prime Minister Tsipras allowed for Greece to move off the front burner....

Australian dollar remains steady in tight range in Asian session after RBA minutes. The minutes for August 4 meeting noted that " an accommodative monetary policy setting remained appropriate given...

In a 7/15 release on Q2’s GDP, the Chinese National Bureau of Statistics said that China’s economy is “moving forward while maintaining stability.” Real GDP rose 7% y/y. The...