Matthew Kerkhoff's picture

Dennis DeBusschere, an analyst over at Evercore ISI, put together this next chart comparing historical S&P valuations (vertical axis) against volatility (horizontal axis). As you can see, the current setup in the market is very unusual, approaching...

Kurt Kallaus's picture

Copper and oil are important barometers of economic direction. The weather vane for copper’s direction isn’t as much supply, but demand. Chinese industrial activity and the commitment of traders are important demand side tells to observe.

Urban Carmel's picture

he macro data from the past month continues to mostly point to positive growth. On balance, the evidence suggests the imminent onset of a recession is unlikely. One concern in recent months had been housing, but revised data shows...

Matthew Kerkhoff's picture

I’ve made the case in recent articles that the current rally in US equities is not so much a domestic response, but rather a case of global reflation. If that thesis holds water, then weak economic data here in the US is unlikely to derail this...

Urban Carmel's picture

US equities ended the month of April above or near new all-time highs. There are no significant extremes that suggest the trend higher will suddenly end. But the upcoming "summer months" are normally marked by lower price...

Adrian Ash's picture

Gold bullion fell to new 3-week lows against the Dollar and touched 3-month lows for UK investors on Tuesday as the global bullion market got back to work after the long May Day holiday. With the US Congress side-stepping a 'debt ceiling' crisis...

Tom McClellan's picture

Junk bonds are the canaries in the stock market’s coal mine. If you want to know ahead of time that trouble is coming for the stock market, then one of the best places to look is the high-yield (or junk) bond market. The movements of prices...

Chris Puplava's picture

In 1897, Samuel Clemens, best known by his pen name, Mark Twain, was in London for various speaking engagements when someone started a rumor that he was gravely ill, which was followed by another rumor that he had died.

Michael Shedlock's picture

Every time I do a post on self-driving vehicles, readers respond that it cannot happen and won’t happen for a decade, if ever. It’s time for a reality check. A quick check of my calendar shows we are not quite halfway through 2017.

Reva Goujon's picture

Trump is often described as a "transactional" president who sees the world as one big negotiating table where he can leverage his business experience to exact better terms and conditions for American workers and corporations.