investing

The last update I gave you on the market in the aftermath of the ECB's policy statement was about central banks being too tight. The gist of my remarks was that CBs are all poised to tighten, if and when the data allow them to do so. This…

On today's market action Today saw the S&P 500 rise for the fourth straight day, the longest up-streak since September. And that puts us up 10% since Christmas Eve. Crude is rallying too , with WTI gaining almost 5% on the day to…

The trading day is over in the US and the numbers look good. Equity markets have recovered smartly from last weeks nosedive, with all major US indices up about 1%. Notable for me is the fact that WTI is trading close to $50 a barrel and the…

I am doing my 2019 outlook pieces now. And I plan on making some market outlook comments in the coming days. But, what's going on in the market right now is equally important. As the stock market takes a battering due to concerns about…

Bullish Treasury curve action Lost in the relief over the rally in US equities today was the price action in US government bonds. And it was good. Even before today, as the middle of the curve inverted, the Treasury curve had been…

I want to go back to my theme of just over a week ago about the resiliency of the US economy. That's because, regardless of one-day -- or even multi-day -- stock market gyrations, the real economy is the defining issue for markets.…

Stocks sold off big again today. Slowly, we are inching ourselves toward a bear market here. And I think the mantra has to be 'Fight the Fed'. In this morning's market piece, I explained why this could be the Fed's last rate increase. And…

If you look at markets today, they are on full strike. The Fed may have reduced guidance. But that was clearly not enough to assuage market sentiment. Across a wide cross-section of markets, conditions have continued to tighten this morning…

As I wrote yesterday, the Federal Reserve raised interest rates a quarter point but changed guidance in the face of tightening financial conditions. In his press conference afterwards, the Fed Chairman - also as predicted - talked bullishly…

This morning, US stock futures are pointing to triple-digit losses after declines in Europe and in Asia. And the European indices are at a one-year low. There are quite a number of proximate causes for the weakness. But the overriding fear,…