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Markets were relatively quiet yesterday. Little or no attention was focused on the weekend events in Hong Kong, Iran, Iraq, China (“reeducation camp” unrest), North Korea, and Israel. In years past all individually would have generated considerable market reaction. ...

Equities edged higher, helped by fresh stimulus from the ECB, amid mixed signals on whether the Trump administration and China are closer to a trade deal. ...

Within five minutes yesterday Bloomberg posted two headlines. The first was “Assets in passive mutual funds now exceed assets in active managed mutual funds.” The second headline was value/small caps are again outperforming momentum for the third consecutive day ...

Two consistent themes of these remarks are negative interest rates and the transition of funds back to Main Street from Wall Street. ...

Trade and the ISM manufacturing Index weighed heavily on equities. There is little I can add about trade…it is fluid, a fluidity based upon a five word tweet. ...

According to Bloomberg 30% of all investment grade securities now bear subzero yields. In other words lenders are paying borrowers to own $17 trillion of debt. In my view this is the ultimate bubble perhaps greater than the infamous tulip bulb frenzy of...

Relatively speaking the markets were quiet. In some regards it felt as a typical August trading day, the inverse of the last three weeks. Some are suggesting volatility could greatly increase if Friday’s remarks from FRB Chair Powell are less dovish than ...

Earlier in the week I commented President Trump controls the trade news cycle, writing all he has to do is tweet and immediately change the narrative. Yesterday markets were going to open on their back foot until the President sent a tweet about ...