Market Overview

The appetite for leverage in the stock market currently appears insatiable. “Retail daredevils — undeterred by recent Wall Street jitters over AI and crypto — are going long, pumping up leveraged...

US Economy I: On the Road Again. Taylor Swift’s “The Eras Tour” was her sixth tour. It started on March 17, 2023, in Glendale, Arizona and concluded on December 8, 202,4 in Vancouver, British...

It will be a slow start to the week, with the markets closed on Monday for Presidents’ Day. Things should pick up for the market by Wednesday. Of course, we’ll have the Fed minutes, and then on...

There are many media-driven narratives about the impact of tariffs on the economy and the markets. Most of them are incredibly bearish, predicting the absolute worst possible outcomes. For fun, I...

Stocks finished the day higher as bond yields fell following the PPI report. The key data points in the data suggested that core PCE will likely not come in as hot as the core CPI report left...

Yesterday's CPI came in much hotter than expected, and the impacts were felt throughout the bond market and the US dollar complex. Core CPI came in at 0.4% - hotter than the 0.3% m/m estimates....

We finished 2024 with a slightly soft reading, but we began 2025 with a hot reading. Now, my admonition last month about the volatility of December data applies also to January data, although less so...

With Trump ordering a 25% import tax on all steel and aluminium entering the US, trade tensions are inching closer to Europe. We take a closer look at how European policymakers could react. Spoiler...

Stocks were flat yesterday ahead of today's CPI report. Forecasts call for a 0.3% month-over-month increase in both core and headline CPI, with year-over-year gains of 2.9% for headline and 3.1% for...

After 100bp of rate cuts, Fed Chair Powell suggests policy remains restrictive – even if inflation remains elevated they will merely “maintain” policy restraint for longer. This indicates an...

More trade war tariffs have been collected under Biden than Trump, but US tariffs remain among the lowest in the developed world. Meanwhile, gold prices hit new highs. Each week, the Syz investment...

Stocks opened higher yesterday and traded mostly sideways to higher for the rest of the day. Just an uneventful day. The reason, I think, was just due to implied volatility resetting after the VIX...

Markets, as we all know, don’t like uncertainty. And right now, there’s a lot of uncertainty surrounding U.S. trade policy. While the Trump administration’s tariffs on Mexico and Canada have been...

The major stock market indexes are still up since Election Day despite recent turbulence caused by DeepSeek and Trump Tariffs 2.0 (chart). The former is weighing on the shares of AI companies....