Tom McClellan's picture

When investors get complacent, they do certain things. They show up as bullish in the various surveys. They bid tiny premiums on options, driving down the VIX. They put all of their cash to work, letting money market fund levels get...

Marc Chandler's picture

Reports suggest that recently President Trump asked National Security Adviser Michael Flynn about whether it was a strong or weak dollar that was in the US interest. According to the leaks, Flynn suggested asking an economist.

Michael Shedlock's picture

Trump blames Mexico, China, and even Germany for taking US jobs and for US trade imbalances. His message resonated with voters. People can believe whatever “fake news” they want, but Trump’s theory on manufacturing jobs falls...

Adrian Ash's picture

Gold prices rose to $1240 per ounce in London on Wednesday, regaining almost half of their post-US election slump as Euro stock markets slipped and government bond prices rose amid fresh fears over the currency union's 2017 political outlook.

Clif Droke's picture

One of the biggest contributors to losses for traders in the financial market is the temptation to sell short. Borrowing shares of a company that is not owned by the seller in the hopes of making a massive profit have shipwrecked...

Tom McClellan's picture

When the NYSE’s A-D Line hits a new high, it conveys a clear message that liquidity is plentiful. The market might encounter other types of problems, such as investors’ emotions suddenly swinging, or a big news event rocking the market.

Clif Droke's picture

The evidence strongly suggests that the past two years served the purpose of clearing out the excesses generated by the long-term bull market which began in 2009. In other words, the market is rested and ready to resume its potential as we head further into 2017...

Michael Pettis's picture

Whether the US current account deficit is harmful or not to the US economy depends on the assumptions we make about capital scarcity. In a world awash with excess capital and insufficient demand, the US current account...

Charles Bolin's picture

Trade and employment are more complicated than the U.S. just being inundated by cheap products that rely on cheap labor to displace American jobs. Low savings rates in the U.S. and the high savings rates in some countries impact the exchange rates making...

James J Puplava CFP's picture

While the short-term trend in stock prices appears to be higher and investors remain sanguine about the US stock market’s prospects, longer term trends look less promising and indeed worrisome. GMO’s seven-year returns for stocks here and abroad remain negative outside...

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