Weekly Market Update
Market Action Global equities were little changed on the week, recovering ground lost at midweek. The yield on the US 10-year Treasury note rose three basis points from last Friday, briefly topping 3% on Wednesday (the first time that threshold had been breached in...
CROSSROADS
Important issues to watch around the globe: United States - North Korea summit Arguably the most important geopolitical news of this month is the possibility of a summit between the US and North Korea. North Korean leader Kim Jong Un has announced that he will no...
Weekly Market Update
Market Action Global equities rose modestly this week, boosted by broad strength in commodities and a strong start to earnings season. The blended earnings growth rate, which combines the S&P 500 companies that have reported results with estimates for those that...
Leverage, Valuations, and Earnings: Algorithmic Complexities, Monetary Gamesmanship, and Capital Protection
This year’s market gyrations should be viewed under the microscope of leverage. When we do that as the first figure shows below, then we can possibly start comprehending that in an environment of rising volatility, political instability, and geopolitical tensions,...
Weekly Market Update
Market Action Global equities climbed this week despite fluctuating sentiment about the prospects of a trade war between the US and China and heightened geopolitical tension over Syria. Oil prices rose to their highest levels since 2014. News regarding trade frictions...
Sector Focus: Industrials
This week we continue our review of the different sectors within the S&P and in the commentary below we discuss the industrial sector. Overall, the industrial sector globally is healthy and growing at a moderate pace. We will look at this a bit more closely, and...
Weekly Market Update
Market Action This week has been challenging for investors as they struggle to grapple with the impact of trade threats and counter-threats between the US and China. China responded to the US tariff announcement on steel imports by announcing its own tariff of up to...
Is the Market Turning? Fundamental Changes and Cross-Determination
In this week’s commentary, we would like to discuss our perspective for the short-term based on some changes we have been observing in the market. However, before we show this - mainly through some graphs – allow us to clarify the cross-determination part of the...
Weekly Market Update
Market Action China’s yuan-denominated crude-oil futures surged on their debut Monday. Beijing hopes the new market will eventually give the country an oil benchmark to rival WTI in the U.S. and Brent Crude in Europe. China is the world’s biggest importer of oil after...
CROSSROADS
Here are the biggest issues to watch around the globe over the coming month: Europe: Responding to Russia The use of a nerve agent, known as Novichok, in an attempt to murder former KGB agent Sergei Skripal in Salisbury, England, resulted in Prime Minister Theresa May...
