Many times I have opined housing and autos traditionally lead a recovery. Auto sales are strong. Housing starts/sales are as well as it was reported yesterday housing starts—led by multifamily—rose to the second highest level since November 2007 (June 2015 starts were insignificantly higher)....

Tomorrow is a “technical meeting” of OPEC members. There is little talk of curtailing production albeit all of its members are hemorrhaging money. Because of the 45% drop in price, the largest and perhaps OPEC’s most financially secure country, Saudi Arabia, is delaying payments to...

The last several months I have had little difficulty writing these remarks given the large amount of material to pick from. Today’s comments, well, I am happy to write were difficult to pen. Friday was a quiet day....

Typically bond investors and economists have little difference of opinion. Today the gap is huge. According to economists surveyed by the WSJ, the Fed Funds rate should climb to 2% in a two year period. Ten year treasury investors with a yield at 2.04% do...

As expected trading was quiet as the bond market and banks were closed for Columbus Day. The dollar fell to a three week low as all are reassessing the probability of a change in monetary policy this year even as several Committee members are suggesting...

As noted several times, the Federal Reserve has added another variable into its monetary policy making process…international growth, specifically China. Until September all were fixated on the unemployment statistics as this was the FOMC’s stated variable....

Equites ended higher in moderately volatile trading, perhaps the result of HFT. Averages are now at the upper end of their recent trading range. Will shares reverse course or will the advance continue?...

Oils surged to the highest level in a month amid speculation that falling crude production will ease the global supply glut. The International Energy Agency (IEA) stated cuts into new oil projects this year are the biggest in the history as investments in “upstream projects”...