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Fears of resurgence of the coronavirus are dominating the news and spooking the markets. The flareups bear watching but the original lockdowns were never going to eradicate the disease without...

Life is stranger than fiction. There is a distinct possibility in 2 -3 weeks we might discover the true effectiveness of the 10-week government mandated shutdown given that many of ...

As widely discussed, last week was one for the record books…the fastest correction ever because of the coronavirus. Indices were down about 11%-12% last week and off about 14% from their apex. ...

December’s jobs data was nominally disappointing. In my view the biggest disappointment was wage growth which fell below 3% for the first time since July 2018. Based upon the Phillips Curve, wages should be rising with low unemployment. ...

How will September’s jobs data be interpreted? Until this week, the data was consistently surprising on the upside suggesting an economy expanding around a 2.5% to 2.75% pace. However earlier in the week both the ISM Manufacturing Index and the ISM Non-manufacturing Index...

The S & P 500 slid for the fourth time in five sessions. Equities were initially flat with attention focused on the impeachment drama until the announcement that the US is unlikely to extend a waiver allowing American firms to supply China’s Huawei Technologies....

Life is stranger than fiction. Saudi Arabia says attacks were “unquestionably” sponsored by Iran; an attack that caught all flat footed and was thought impossible. As noted the other day, this is a massive escalation, perhaps on the same level as the Iraqi...

A once unthinkable collapse in global bond yields is forcing pension funds to buy bonds that offer negative returns. Many institutions are warning of a severe mismatch between expected benefits and returns. ...