Despite the relative attractiveness of U.S. equities to almost every other market in the world, I think it is safe to say that the for the moment, the S&P 500 lacks leadership. So far in …
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If you are buying this morning to cover shorts or to chase a long you had your eye on, I get it, lately snap-back rallies seem like you’ll never get another chance. If you are buying …
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This morning’s jobs data confirms that the U.S. economy is back to sort of healthy pre-financial crisis levels. While I am happy about the number I remain skeptical of our ability to reach escape velocity …
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I seriously have no idea how we can be this far apart. I am fairly certain we read the same financial news and look at most of the same inputs. Maybe others are placing too …
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Any trepidation caused by the U.S. Fed’s completion of QE for has been relieved almost immediately by more QE overseas. The surprise move by the BOJ overnight seems coordinated. It seems that our financial overlords were …
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The title of “Fed Whisperer” John Hilsenrath’s postmortem article on this week’s FOMC meeting is kind of amusing. Fed Closes Chapter on Easy Money. When I think about the word chapter, I think of just …
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Curb Your Enthusiasm for the US Dollar As one walks through the global financial markets forest there is nary a US Dollar bear to be seen. Abenomics has failed to stimulate the Japanese economy and …
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Economic data releases are front and center this week. The economic calendar in the U.S. includes personal income and spending data today, the ADP employment report and ISM manufacturing reports on Wednesday, and non-farm payrolls …
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The event calendar this week is much lighter than last week’s headline-leaden media frenzy. There are no major central bank meetings or decisions. The largest expected IPO is Royal Bank of Scotland’s divestment of Citizens …
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After last week’s calm, the highly anticipated events of this week are upon us. First and foremost, the FOMC press release is on Wednesday afternoon, followed by Janet Yellen’s press conference. While the outcome of …
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