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Is inflation increasing? The narrative has been myopically focused upon deflation for a myriad of reasons. Last week’s release of both the PPI and CPI indicated that inflation is perhaps accelerating....

When will it end? In some regards the markets have lost faith in the central banks. As widely accepted the global central banks have been doing all the heavy lifting during the last 7-8 years while governments have been paralyzed because of intense polarization....

Equities staged a rebound to close virtually unchanged from over a 1.0% deficit following a statement from a Federal Reserve official that policy moves are not predetermined amid the recent market turmoil. The dollar weakened and oil fell....

Equites retraced their Fed induced advance. The dollar rallied and commodities were crushed further sending them to a fresh 16 year low. I believe trading was entirely dominated by HFTs as everyone knows higher short term interest rates suggests a higher dollar and lower commodity...

Stocks jumped on Friday as central banks are reasserting themselves over financial markets, with fresh stimulus form China. The PBOC cut interest rates Friday, a day after the ECB signaled it will bolster stimulus if needed. Equity futures were showing early morning strength because of...

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....

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”...

Stocks led by energy rallied yesterday on the belief that monetary policy will remain unchanged until March 2016, perhaps under the simplistic guise of “bad is good.” September’s ISM non-manufacturing data disappointed albeit the data is consistent with GDP growth of 3.5%. Even allowing for...

Equites rose yesterday, led by the sectors that were battered in the worst selloff since the third quarter of 2011. As widely known some sectors have plunged about 25% since June 30. Some of the must owned names in these sectors are down over 35%...