Matthew Kerkhoff's picture

The fourth quarter began yesterday and we're starting things off on a sour note. After squeezing out a minor gain in the third quarter, the S&P marked its seventh consecutive quarterly gain, but has been trending down for the last two weeks.

Marc Chandler's picture

This seems to be the first time in several months that ECB President Draghi has been rather anti-climactic. The disappointment or the "sell the rumor, buy the fact" scenario we suggested is, in fact, unfolding, and the euro is correcting higher.

Global Risk Insights's picture

Argentina’s recent default has renewed interest in sovereign debt restructuring. And while developed countries still oppose the idea, placing it under the IMF may ease negotiations. Sovereign debt – the debt owed by countries to others, whether private or public...

Ben Hunt PhD's picture

Two years ago, the new seven-member Standing Committee of the Chinese Communist Party Politburo — the most powerful political entity in the country — was introduced to great fanfare. All seven men walked on stage wearing a dark suit and a red tie, but to me the most striking aspect of their appearance was their hair.

John Mauldin's picture

Regulatory capture – when regulators come to act mainly in the interest of the industries they regulate – is a phenomenon that economists, political scientists, and legal scholars have been writing about for decades.

Robert Rapier's picture

One of the 2014 predictions that I made back in January was “The crude oil export ban will not be lifted in 2014.” The present ban on U.S. crude oil exports dates to the The Energy Policy and Conservation Act (EPCA) of 1975.

FS Staff's picture

In a recent interview with Financial Sense Newshour, John Kosar at Asbury Research said the market has “more pain to come,” with the major averages likely to fall to their 200-day moving averages. He also believes the dollar is overextended on a short-term basis and may weaken, which will provide a good opportunity for gold traders.

Stratfor's picture

The European Court of Justice announced Sept. 22 that hearings in the case against the European Central Bank's (ECB) bond-buying scheme known as Outright Monetary Transactions (OMT) will begin Oct. 14.

Doug Short's picture

According to the Bureau of Economic Analysis, Personal Income (PI) in August rose 0.3%. Transfer Payments (TP), which includes Social Security, Medicare, Medicaid, government & private pensions and miscellaneous welfare programs) rose 0.7%.

Sheraz Mian's picture

Today’s data from China and Japan provides further evidence that the emerging signs of a growth spurt at home will remain unsupported by weakness abroad. This may not be a big deal for U.S. economic growth, but it could become a challenge for the corporate earnings picture.