It’s been only two weeks, yet 2017 is off to an interesting start. It’s certainly quite a contrast to last year’s “worst market start in decades.” [...]
For the Week: The S&P500 gained 1.7% (up 18.5% y-o-y), and the Dow rose 1.0% (up 22.1%). The Utilities added 0.3% (up 13.5%). The Banks gained 1.1% (up [...]
When looking back on a year, it’s only natural that events later in the year receive added emphasis. The DJIA made it within 23 points of the 20,000 [...]
Italian bank stocks (FTSE Italia bank index) declined a modest 2.3% Monday on the back of Sunday’s resounding defeat of Italian Prime Minister Renzi’s [...]
The trading week saw WTI crude surge 12.2%. The GSCI commodities index jumped 5.8%. Wheat dropped 3.6% and corn fell 3.1%. Italian 10-year yields fell 18 bps, [...]
“Why is the United States, with the world’s largest economy, borrowing heavily on international capital markets–rather than lending, as would [...]
“One trouble with every inflationary creation of credit is that it acts like a delayed time bomb. There is an interval of indefinite and sometimes [...]
The S&P500 jumped 2.3% Monday in what appeared growing confidence that Hillary Clinton was on the verge of becoming the next POTUS (buoyed by Director of [...]
As a determined analyst, I’m as committed as ever to remaining “fiercely independent.” This must at least partially explain why I’ve tended to consider [...]
October 28 – Bloomberg (Eliza Ronalds-Hannon and Claire Boston): “After all central bankers have done since the financial crisis to prop up bond prices, it [...]
It’s been a full seven days since a CBB focused on China… Important – confirmation of the thesis – data again this week. October 21 – Reuters [...]
There’s this uneasiness – an eeriness – in the markets; in the world (I’m not touching politics). Seemingly out of nowhere, the U.S. dollar index [...]
