The markets have gotten off to a rocky start this year with the S&P 500 down more than 3% year-to-date and the Dow Industrials down more than 4%. Such weakness is not surprising given how bullish and overbought the market was entering 2014.
The Latest Conference Board Leading Economic Index (LEI) for November was released this morning. The index rose to 0.1 percent to 99.4 percent from the previous month's 99.3 (2004 = 100). Today's number was slightly below the 0.2 percent increase forecasted by Investing.com.
It’s a few weeks into a brand new year and so far Canadians are discomfited by watching our dollar rank among the world’s worst-performing currencies. The oft-cited reasons include high consumer debt levels, the potential for a housing bubble...
It should be more than apparent to investors in today’s world that both anticipating and staying in harmony with the direction of currencies is crucial in the process of global asset allocation. As we look back at 2013, it seems clear that global central banker actions in large part helped shape investor behavior.