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Equities slumped as fresh restrictions to curtail the spread of COVID overshadowed signs that scientists are making fast progress towards a vaccine. The dollar sank to a two-year low, a decline that ...

The FOMC meeting was largely a nonevent. There was no change in interest rates and made no change to asset purchases. The Committee essentially reiterated the prior meeting statement of ...

Equities surged on an apparent Biden victory and a divided government that lowers the probability of a radical re write of the Constitution and the repeal of some of President Trump’s pro-business...

Will we know the outcome of the election tonight? If we believe the polls or if enthusiasm is indeed “your force multiplier,” it could be an early evening. ...

Did record third quarter growth impact yesterday’s seven-year Treasury auction? In my view the lack luster demand, defined by the weakest demand for bonds by a two standard deviation margin, was ...

Equities stumbled the most in four months. There were numerous catalysts. Rising COVID cases. Reality setting in Biden could win thus ushering in an unprecedented wave of ...

The election is in eight days. Will the outcome end the extreme vitriol and animosity that has dominated society over the last 9 months? I will argue COVID was the proverbial gasoline that ...

Today is Monday October 19 a date I vividly recall. Thirty-three years ago, and after only six months in the business, the Dow plummeted 22%, the largest one-day percentage drop in history. I am a ...