Market Overview

Rates fell sharply yesterday following a weaker-than-expected ISM services report. The quarterly refunding announcement showed no significant shifts in how the Treasury plans to issue debt. With...

I am continually fascinated by how many second-order ‘understandings’ are missed, even by those people who have a really good first-order understanding of finance. For example, every financial...

Overall, the macro & liquidity conditions are still positive for risk assets. While equity market valuations are rich, especially in the US, earnings growth momentum is accelerating, and market...

Over the weekend, President Trump announced tariffs of 25% on both Canada and Mexico, as well as a 10% tariff on China. Such was not unexpected, as contained in the Trump tariff Executive Order....

Since many of you were not trading through the wild Trump 2.0 years, I felt that it was important to share my tips on how to navigate the market volatility. Don't miss this 2025 Day Trader Survival...

Q4 S&P 500® EPS growth expected to come in at 13.2%, the highest growth rate in three years. Large-cap outlier earnings dates this week include: AMD, JNPR, HON, ALGN. Peak season begins...

The Tariff Man is back, and I guess at this point, those on social media who thought that tariffs were negotiating tactics and thought Trump was bluffing weren’t around during Trump 1.0. This version...

The markets certainly didn't give a ringing endorsement to Trump 2.0 tariffs announced on Friday: 25% each on Canada and Mexico and 10% on China. During his presidential campaign, Trump talked about...

President Donald Trump signed an executive order relating to cryptocurrencies. The US is now one step closer to the creation of a strategic Bitcoin reserve. History shows that early adopters often...

The standoff between Donald Trump and the US Federal Reserve is intensifying. The Fed kept rates on hold this month, much to the US President's displeasure. Our James Knightley looks at where the...

Robust activity, a solid jobs market and sticky inflation justify the Fed's decision to hold interest rates steady. The hawkish tilt from officials may in part be a message to President Trump that...

Stocks finished the day lower after the Fed held rates steady and signaled a more patient approach. If you listen to Powell’s talk, the takeaway is that the Fed is in a good place, and it sounds like...

Representative Alexandria Ocasio-Cortez, aka AOC, recently railed against the President when he threatened Colombia with tariffs if they should refuse to accept their citizens being deported back to...

Ford F, Costco COST, and Charles Schwab SCHW will issue monthly updates in the sessions ahead, offering clues on the state of the US economy. Q4 earnings reports are coming in fast, but...