The bond market doesn’t seem to care much about the back and forth between the conflicting economic data which could or could not lead to the Fed to taper bond purchases as soon as mid …
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When the Federal Reserve released its December minutes, the market had a bit of a mini-scare, as some members indicated that QE should end at some point in 2013. All asset markets sold off together …
Continue readingI wanted to start with the big picture for the first Chart of 2013. Today’s chart comes courtesy of the Global Macro Monitor blog, which pulled the chart from Federal Reserve and Bureau of Economic …
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Reuters U.S. stock index futures were little changed on Tuesday as a pessimistic outlook from multinational manufacturer Caterpillar (CAT.N) was offset by hopes the boost from central banks’ stimulus will sustain economic growth and markets… …
Continue readingThe U.S. dollar had its worst 2-week stretch of 2012 to start September. Here is the chart of DXY over the past 5 years, illustrating the dollar falling back into the middle of its 5 …
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Calculated Risk • At 9:45 AM ET, the Chicago Purchasing Managers Index for August will be released. The consensus is for a decrease to 53.0, down from 53.7 in July. • At 9:55 AM ET, …
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Overnight price action was interesting to me because it was actually led by Asia, which is quite rare. The Hang Seng ended down 2%, Australian jobs numbers were weak, and the South Korean central bank …
Continue readingCalls for the ECB to do more have been a persistent theme over the past year. Economists routinely like to joke that the ECB is way behind the curve relative to the Fed. What does …
Continue readingAs all eyes turn to the Federal Reserve for tomorrow’s announcement, I compiled a chart of all of the previous FOMC releases since the March 2009 low in the SPX, with the release dates circled …
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Marketwatch The dollar edged down and Treasury prices remained under slight pressure on Wednesday after a report showed U.S. durable goods fell 4.2% in March, more than economists expected. The main focus for currency and …
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