Equities rose on light volume as all focused upon the Fed’s surprise decision. I will continue to argue that unless external risks rise, the central bank will be forced to change its stance in the immediate future. I ask what happens if China’s economy turns...
All are expecting a dovish Fed statement at the conclusion of its two day meeting. Many are perplexed by the lack of wage inflation given the low unemployment rate. Will the Fed address the labor participation rate (LPR) as a primary cause, a...
Equity markets were mixed following a report that a meeting between China and the US to end the trade war is now likely to happen in April at the earliest. Many, including me, believe a trade deal is fully priced into...
It is widely accepted a major catalyst for the December rout was monetary policy and the Fed’s well telegraphed intentions of shrinking its balance sheet. ...
FRB Chairman Powell stated the healthy US economy has faced some “cross currents and conflicting signals” that officials in January decided warranted taking a patient approach to future interest rate changes. He stated with inflation pressures “muted” the FOMC decision last month to ...
Equities have traded to the highest level since November on trade optimism. Equities were also encouraged from Chinese policy that would focus on growth as opposed to leverage. Oil declined after the President tweeted that crude prices were too high. Several third tier statistics are...
The Economic Elite, aka the Davos attendees, are issuing warnings of a considerable economic slowdown, the result of a changing monetary policy and rising economic nationalism that has gripped the global economies. These warnings coupled with the government shutdown, trade tensions and
...Many times I have opined about the complete breakdown of risk parity and cross correlated models, a strategy that has surged in popularity over the last 10 years, a strategy that many including the regulatory entities believed limited risks. Yesterday Stanford Bernstein stated this breakdown...
State Street Bank which is the third largest ETF issuer by assets is laying off about 15% of its senior management, employees identified as executive VPs and senior VPs. State Street stated it needs to “structurally compress”...
What will be written about market history in 2018? There was the “too good to be true rally” in January followed by an early February plunge and then a rebound back to previous highs and now a massive melt down that is decimating asset values...