U.S. existing home sales

The Trump Factor Strengthens Dollar but Depresses Global Stocks This Monday

July 23, 2018

Today’s menu of market-moving factors has been short on data but long on Trump pot stirring. The U.S. president over the weekend Questioned the Fed policy of rate normalization. Presidential criticisms of monetary policy are infrequent because such can often backfire, but precedents do exist. Bush41 criticized Fed tightening in 1989-90 and later blamed Greenspan […] More

Another Risk Off Market

August 20, 2015

Stocks are off in North America, Europe and Asia. ┬áThe Shanghai Composite slumped 3.4%, and markets in India, Korea, Hong Kong, Australia and Singapore all fell at least 1.0%, while the Japanese Nikkei lost 0.9%. ┬áThe German Dax is 2.2%, and the S&P shows a loss of 1.2% so far. Ten-year sovereign debt yields are […] More

Economic Data and Central Bank Plans Occupy Most Attention

August 21, 2014

The Jackson Hole Symposium for central banking begins today. July 30 FOMC minutes released yesterday expressed surprise over the speed of improvement in the U.S. labor market and noted that Fed exit strategy will be anchored around the fed funds target.  Chair Janet Yellen speaks Friday at the Symposium. ECB President Draghi also addresses the […] More

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