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 […]
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 […]
The upcoming week is filled with another round of Fed speak and a plethora of economic releases, with many traders focusing on consumer data points. On Tuesday, the Conference Board’s Consumer Confidence reading is expected to soften from 121.7 to 119.3. The Friday release of personal income and spending will show dramatic drops as the […]
Notwithstanding Friday’s weaker than expected nonfarm payrolls report, US equity indices for the Dow Jones, S&P 500, NASDAQ and Russell 2000 all finished higher on the final day of trade as well as for the week. The small-cap Russell saw its steepest boost since June; the SPX saw its best weekly performance since November. The […]
The S&P 500, Dow Jones and NASDAQ indices all slumped on Friday, to complete the worst weekly selloff in three months. The sharp tumbles were triggered by speculative excess along with ongoing pandemic concerns and the continued inability of US and global health systems to effi-ciently distribute vaccines. Expect these conditions to remain firmly in […]
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 […]
Time is running out for passage of additional US fiscal stimulus in 2020 as the year winds down and the holidays rapidly approach. Congressional parties hit a brick wall yet again, even with the scaled-down $900 billion plan, this time on conflict over employer virus liability. Each time the negotiations appear to be about to […]
On Saturday, the media called the US presidential election for Joe Biden, but President Donald Trump rejected the outcome and won’t concede. Additionally, he will continue with legal challenges, claiming fraud. So far, his demand made no progress in courts, as he failed to add prove to his accusations, except for those asking for observers […]
