There’s been a marked change in sentiment in financial markets recently. The change has emanated from the bond market, specifically the US Treasury market, where yields…
Looking at the performance of currencies so far this year, it looks like a typical “risk-on” move: the commodity currencies have gained, and the safe-haven JPY…
Last week’s Weekly Outlook was “The Reflation Trade is On.” It seems that this week, the implications of that trade started to dawn on investors. If…
As the virus count falls in major countries and the vaccine roll-out proceeds with fits and starts, the mood in markets is improving. It helps too…
How odd…I had thought that central banks would be off my list of topics for months as they’ve all promised not to raise rates for several…
There are two central bank meetings on the schedule for next week, and both of them have possibilities for a change in their bias, although policy…
The title of this week’s comment could certainly refer to the US political situation, but I’m not talking about that. I’m talking about the outlook for…
One of the notable things about the market nowadays is that inflation expectations have been rising around the world. We can see that by looking at…
While the world watched live streaming of scenes that could’ve been from the French or Russian revolutions – minus the bloodshed, fortunately – it was Georgia…
Switzerland: a not-very-effective “currency manipulator” The US Treasury Department Wednesday labeled Switzerland and Vietnam as “currency manipulators” in its quarterly report on Macroeconomic and Foreign Exchange…
