In a week of mostly lower prices for the major asset classes, a broad measure of commodities bucked the trend with a solid gain, based on a set of ETFs for the trading week ended Friday, Sep. 24. The equal-weighted WisdomTree Continuous Commodity Index Fund (NYSE:GCC) rose 1.3% last week. Despite the latest gain, GCC […]
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Eyes on Jackson Hole
While investors will continue monitoring upcoming economic data, including home sales and personal spending, what they’re really looking forward to is the Fed’s annual symposium at Jackson Hole which usually takes place in person, but because of rising COVID cases in the US and worldwide, will this year take place online. It begins at the […]
All Eyes on NFP
As the busiest week of the current earnings season came to a close on Friday, stocks ended lower, pressured by signs of weakness from the very mega cap companies that, over the past year, boosted the market to new highs. Here are the key market moving factors for the week: The US The […]
UK Re-opens
Inflationary pressures are showing no signs of easing just yet and the market will soon look to test the Fed’s patience. The dollar has been stuck in a tight trading range since the middle of June, but that could soon change if the rest of the world shifts to a tightening mode more quickly than […]
Gold Prices Vulnerable
Asian stocks dropped on Monday as investors mulled the implications of a surprise hawkish shift last week by the U.S. Federal Reserve, while the Treasury yield curve flattened further with 30-year yields dropping below 2%. Though investors have been spoiled by the most generous stimulus ever, both from the Fed and the Biden Administration, a […]
LOOK OUT FOR THE ECB MEETING & NFP
The media has played up the upcoming ECB with all the Sturm und Drang that can be mustered. However, investors and other market participants seem considerably less anxious. And for a good reason: at the end of the day, it does not really matter that much. Despite oil prices rising more than a third this […]
Dollar Correction or Month End Oppression
The dollar inched down, but traded near a two-month high against the yen, on Monday morning in Asia. Investors digested mixed economic data from China and strong inflation data from the U.S., while also expecting the U.S. Federal Reserve to start tapering its asset purchases eventually. Both the U.S. and the U.K. markets are closed […]
Oil Overcomes $66, Hits New Yearly High
The taperless tantrum could continue across financial markets now that it seems clear Fed Chair Jerome Powell won’t react until he sees disorderly market conditions or if financial conditions tighten further. Positive economic, such as this past employment report, might continue to fuel optimism about the economic outlook and that could raise expectations that the […]
US Strengthens Amidst US Yields Rise
Close Calls For 2020
We are now heading into what would typically be a quiet time of year when everyone spends time with their loved ones and market activity is more muted. This isn’t a normal year, though, and while volumes may be low, activity will be anything but. There are key deadlines on both sides of the pond […]