Market Overview

According to Bank of America, institutional fund managers are sitting on record low cash allocations as they increase their equity holdings. Bank of America believes this is a contrarian indicator...

Inflation I, the Good: In our Roaring 2020s scenario, a productivity growth boom boosts real GDP growth, keeps a lid on inflation, drives up real labor compensation, and widens profit margins. Last...

Well, that was quite an eventful week. We had a Fed announcement, and all the market geniuses were quick to attribute the cause of the 3% decline to the Fed announcement. However, this is nothing...

It will be a holiday-shortened trading week due to the Christmas holiday. Markets in the US will close early on Christmas Eve, December 24th, at 1 PM Eastern and remain closed all day on Wednesday,...

Below are the top 10 events and surprises that could impact financial markets and the global economy in the New Year. These are not forecasts, but potential macro-economic, geopolitical or market...

For $20,000, you can buy a global airline pass to see the world. Or, for the low price of free, you can take a quick trip with us worldwide. Unfortunately, our global trip is not as exciting as an...

I never thought someone would label me a “Permabull.” This is particularly true of the numerous articles I wrote over the years about the risks of excess valuations, monetary interventions, and...

The year 2024 was full of milestones. Bitcoin (BTC) crossed the $100,000 price threshold, firmly leaving behind the perception burden of “rat poison squared.” After a rapid rate hiking cycle to curb...

The good news is that the engine of growth for the US economy is the private sector. But the government’s share of GDP isn’t trivial, which means that a potential government shutdown that could start...

Treasury yields rose sharply following the Fed meeting on Wednesday, yet they are collapsing in the world’s second-largest economy, China. While our economy is robust, large foreign economies,...

The Dow broke its 10-day losing streak yesterday; however, the bad news is it only finished the day up 0.04%. So, while the streak was broken, it was just barely. Meanwhile, the S&P 500 ended...

There are several reasons for adopting a cautious near-term outlook for markets, and reflation risk is arguably at the top of the list. That’s old news, but it’s a topic that’s keenly in focus after...

As widely expected, the Fed cut the Fed Funds rate by 25bps, to 4.25-4.50%, at Wednesday's FOMC meeting. Moreover, they intimated that after cutting rates by 1% since September, they are likely to be...

We got another 25bp policy rate cut from the Fed, but updated projections and Chair Powell’s press conference confirm that the Fed is going to be much more cautious next year with sticky inflation...