Global markets snapped back sharply in March, posting the first run of across-the-board monthly gains for the major asset classes in nearly two years. Leading the markets higher: emerging market stocks (MSCI EM), which surged more than 13% last month—the biggest monthly advance in years for the index. Even the persistent bear market in broadly…
With the Reserve Bank of Australia focusing on inflation targeting rather than growth or income maximizing, an analyst at Macquarie anticipates 50bp worth of rate cuts (of 25bp each) across May and August. After meeting with investors in the U.S. and Canada to discuss the Australian and New Zealand economic outlooks, James McIntyre of Macquarie Securities (Australia) pointed…
The request is for real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite. Here two overlays — one with the nominal price, excluding dividends, and the other with the price adjusted for inflation based on the Consumer Price Index for Urban Consumers (which is usually just refer to as the CPI). The…
2016 was greeted with a bout of nerves over the fate of the Chinese economy and, perversely, a weak oil price. To a first approximation, American markets have recovered the ground lost, but European and Japanese markets remain well below the values seen at New Year. At any time when markets get panicky, investors pour…
WTI Crude Oil The WTI Crude Oil market went back and forth during the course of the session on Thursday, as we bounced around the $38 level during the day. If we can break down below the bottom of the range, this market should then reach towards the $36 level given enough time. Quite frankly,…
Growth is slowing across much of developing Asia as a result of the continued weak recovery in major industrial economies and softer growth prospects for the People’s Republic of China (PRC). This will combine to push growth in developing Asia for 2015 and 2016 below previous projections, says a new Asian Development Bank (ADB) report….
Momentum investing literally means “that which goes up will continue to go up for a period, and that which goes down will continue to go down.” Thus, momentum investors buy high on the anticipation that the asset (in our case stocks) will only ascend further in the short-to-intermediate term. The trick to achieve success in…
It’s NFP day and the US dollar is finally stabilizing after a big fall in the closing day of Q1. The focus is ever growing on wages: the Fed’s focus is on its inflation mandate and job gains could be subsided. We covered the levels to watch in the NFP components, the levels to watch…
And so the great “oil production freeze” rumor, which helped halt oil’s plunge after it hit a 13 year low in early February and forced a 50% short squeeze higher, dies. Moments ago, Bloomberg released details of a 5-hour long interview with the Saudi deputy Crown Prince Mohammed bin Salman in which he said that the Saudis would freeze…
Video length: 00:19:50 After a strong risk move and further Dollar slide this past week, we are looking at another likely surge of volatility to close out the week. US NFPs for March are due before the US open, and the series’ history of volatility has traders on edge. Market conditions are already primed for…
