From the vantage point of logistics, fixed-income ETFs are the greatest thing since sliced bread since they feel, trade, are taxed, and are monitored the same way stocks are. But we’ll have to give up some convenience to in order to avoid getting burned by these products, which seem to have been designed as if…
As we enter the fourth quarter, investors are fully engaged in trying to assess their performance and make any changes to accommodate the final three months of the year. 2015 has so far been underwhelming for the bulls who have become accustomed to double digit gains and low volatility. Conversely, the bears have finally received…
ISM Manufacturing PMI The ISM Manufacturing PMI numbers are by far the largest announcements coming out today, but with the really bad jobs number that came out of the United States, it is likely that the reaction will be somewhat muted compared to previous months. With that being the case, we look at the charts…
The recent market volatility has led to a lot of head scratching. Even the Pundit-in-Chief seems to be struggling to make his daily morning and evening observations fit with observed reality. With a light economic calendar and earnings reports just getting started market observers will be asking: What’s the cause of the market volatility? Prior…
When the Fed effectively telegraphed its new reaction function last month, the FOMC served notice to the world that it was not only acutely aware of what’s going on in emerging markets, but also extremely worried about the possibility that hiking rates could end up triggering something far worse than the “tantrum” that unfolded across…
The weak employment report of Friday (142k job additions Vs 201k expectations) contributed to a very weak USD as now analysts expect the Fed have no further reason to raise rates in December. USD weakness was more apparent against commodities and commodity currencies (especially CAD). GOLD itself, jumped 30+ to trade up to 1140 from…
Here are my forecasts for upcoming economic data.
As we closed the book on the 3rd Quarter 2015, it was another volatile week in the financial markets. Equities outperformed on a weekly basis, with US stocks gaining 3.72% and Foreign stocks gaining 4.24%. On a quarterly basis we see a different picture. Foreign stocks lost 11.72% and US stocks lost 6.42%. This…
After the FED’s decision of 17th September leaving interest rates unchanged, a great confusion has spread throughout the markets. The varied opinions have oscillated from the “disappointed” who were expecting, if not a rate increase, at least clear commitments towards a steady normalization path and the “crypto-hawks”, that have been arguing that the FED was…
There is no question that the economy is not running on all cylinders – but despite some pundits claiming the economy is about to crash – there is no evidence in the data using the current forecasting models. You have heard the saying “this time is different”. One never should be certain that you are…
