The coronavirus crisis reordered many things in economics and finance and you can add asset correlations to the list. After markets crashed in March, followed by a strong (so far) rebound, asset classes have continued to move with an unusually deep and broad degree of unison. High, or at least higher return correlations aren’t unusual […]Read More

The Emini bulls are determined to test the gap on the weekly chart above the February 24 high. Many bears have been waiting for that test. Once in the gap, there is a 50% chance of a new high and a 50% chance of a correction down to 2700. Bond futures have been in a […]Read More

One thing is very certain right now – we live in very interesting times. As the world rushes head-first into the 21st Century, it appears one of the most pressing issues before all of us is to navigate the risks and opportunities that continue to stack up ahead of us. Within the first 20 years […]Read More

As discussed previously, economic theory always sounds much better than how it works out in reality. The reason is that in “theory,” supply and demand imbalances always revert to previous norms. However, in “reality,” humans rarely act or react, according to theory. We left off in Part-1, discussing the similarities between the U.S. and Japan. […]Read More

The economic calendar is modest, and many market participants will probably extend their long weekends. The ISM Non-Manufacturing Index and jobless claims data will be the most important. Credit for today’s theme goes to Satchel Paige, one of the greatest pitchers of all time. Don’t look back; something might be gaining on you. Last Week […]Read More

Last week, we highlighted what we deemed to be some surprisingly good data. We cited the surge in Empire State General Business Conditions Index, the readings from US Home Purchases, Retail Sales, and even Hotel Occupancies as data that surprised to the upside – in a pretty big way. The positive surprises helped fuel the […]Read More

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Error fetching full content with error: 404 (Trade With A Regulated Broker Our Apps Terms And Conditions Privacy Policy Risk Warning (C) 2007-2020 Fusion Media Limited. All Rights Reserved Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk …)Read More

The economic calendar is normal including reports on home sales, consumer confidence, personal income and spending and jobless claims. The final revision of Q1 GDP will be of less interest. While there is growing interest in economic data, most investors and analysts know that the threat from COVID-19 has not ended. Bloomberg Businessweek’s cover story […]Read More