Market Overview

The agreement announced on Saturday by President Biden and House Speaker McCarthy that outlines a debt-ceiling deal may prove to be the easy part. The struggle to avert a US government default this...

Assuming no last-minute surprises, it seems like we might be getting a debt ceiling deal in the US, which means you should be prepared to get overwhelmed by financial commentators' takes about...

The upcoming week promises to be busy in the stock market, with significant data due for release, ranging from ISM manufacturing figures to the BLS job report. The PCE data, disclosed last Friday,...

The contrast could hardly be more striking. House Speaker Kevin McCarthy emerged from yesterday’s latest round of negotiations with the White House with an upbeat spin but no deal. Soon after,...

Rarely in the history of US economic analysis have recession forecasts been plentiful and widely embraced. All the more extraordinary is the ongoing resilience of the economy that defies the gloomy...

The Fed seriously erred in 2021, focusing too much on supply and not enough on demand. The Fed can slow velocity but requires job losses and/or eroding consumer confidence. Forecasting the money...

The US is dangerously close to triggering its debt ceiling limit, yet markets seem very relaxed.The 2011 episode shows us how political incentive schemes can instead drag negotiations until the very...

U.S. shares led rallies in equities markets around the world in the trading week through Friday, May 19, based on a set of ETFs. The rest of the major asset classes lost ground.Vanguard Total Stock...

Despite the stock market rally so far in 2023, the S&P 500 Index has not come close to regaining its all-time high put in early last year.What has soared to new highs, however, is the stock/bond...

Warnings that the US economy is close to the tipping point for recession have endured for months, but the expansion keeps surprising on the upside. More of the same is likely for the immediate future...

The world is full of economic concerns. Inflation, economic slowdown, global trade, and international war.So what’s next? Today’s chart might share a glimpse into the future. Below is a...

Every couple of years, it seems, the world watches in apprehension as the U.S. president and Congressional leaders play chicken over the nation’s debt limit. If the so-called ceiling can’t...

Losses took a toll on markets worldwide, with US stocks and bonds posting the smallest setbacks last week, based on a set of ETFs representing the major asset classes. By contrast, commodity and...

Our economic system is ultra-financialized and dependent on leverage.That’s why understanding the incentive scheme for investors and borrowers is an important step to piecing together the global...