Chris Ciovacco's picture

The UK’s recent vote to leave the EU has shed some additional light on existing weak spots in the European economy. One of those weak spots is Italian banks. From The Wall Street Journal...

Michael Shedlock's picture

Ole Hansen, head of commodity strategy for Saxo Bank says Chinese day traders are what’s behind the limit move up on silver, yesterday. Please consider Chinese Day traders Love Silver — As Long it Behaves.

Matthew Kerkhoff's picture

The conventional wisdom among fixed-income traders is that the bond market is smarter than the stock market when it comes to forecasting where the economy is headed. Considering that many of the smartest stock traders agree with...

Marc Chandler's picture

The conventional narrative has it backward. It worries about the threats to stability emanating from the periphery of Europe. Policymakers, investors, and economists still refer to the "Greek, Irish, Portugal and Cyprus' bailouts.”

Charles Bolin's picture

The graph below shows the main indicator trends for the past 18 months. Most have been deteriorating. The big drop in the Eurozone is due to the Economic Policy Uncertainty index over Brexit.

Chris Ciovacco's picture

During the financial crisis, demand for defensive Treasuries soared as economic and systemic concerns started to pile up. How have bonds performed relative to stocks since the Federal Reserve did an about face on interest rates in early 2016?...

FS Staff's picture

Though Brexit has put nearly everyone on a reactionary footing, David Nicoski CMT, Director of Research at Vermilion Technical Research, LLC, sees a scenario unfolding where the US dollar’s direction will determine capital flows in world markets...

Daniel Amerman CFA's picture

Europe is changing by the hour and the day at this point. In this analysis, I'm going to take a quick look at critical events that have happened in Italy in the last day or so, and how they relate to my recent Video Guide to Bail-Ins series. I will be using three current Bloomberg articles that...

Doug Short's picture

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method.

BCA Research's picture

Rising global policy uncertainty should lead to lower equity multiples. There is no doubt that policy uncertainty in Europe has risen since last week’s UK referendum. The Global Policy Uncertainty Index, created by Baker, Bloom and Davis, is almost certainly much higher today than...