Weekly Market Update
Market Action The dollar fell against a number of currencies on Thursday, particularly the Yen and Yuan, as President Trump declared China to not be a currency manipulator and that he believed the dollar was too strong. In addition, the President declared that he...
Complacency in the Midst of Market Cycles: Liquidity Pressures and Geopolitics
Money markets experienced some kind of distortion in the last 18-24 months due to global dollar shortages as the Fed got into the swing of “normalizing” rates. Money markets several times become the arteries of the financial system. If they get clogged, shortages are...
Weekly Market Update
Market Action Minutes of the Federal Reserve’s March meeting were released this week and portions of their content caught markets by surprise. There was wide agreement among board members that the central bank should begin shrinking its balance sheet by year end as a...
Global Market Resilience: Noise, Global Trade, and Policy Directives
In the last couple of weeks a reality seems to be settling in the minds of over-optimistic investors. That reality says that it would not be so easy to enact legislation that will turn things around overnight. Moreover, investigations and questions about...
Weekly Market Update
Market Action Brexit is officially a reality as Theresa May invoked Article 50 to remove the United Kingdom from the European Union. The maneuver sets off two years of negotiations on issues such as trade and immigration that will influence the entire future of the...
Monthly Barometer’s Forward-Looking Monthly Review: An Interdisciplinary View of our Complex Global Economy
March 2017 As in February, robust data continues to support the global synchronized economic recovery. A rise in global trade is taking hold (in volume terms, it just reached a 7-year high), with PMI / manufacturing activity above trend. So is consumer...
The Zadig & Micromega Perspective: Global Demand, Servicing the Debt, and Economic Developments
“Zadig” a.k.a. “Destiny: An Oriental Story” and “Micromegas” were two of Voltaire’s philosophical tales dated back in the middle of the 18th century. In the former Voltaire explores the reason’s inability to penetrate the deep mysteries of life as the enigma of the...
Weekly Market Update
Market Action The stock market’s streak of consecutive days without a 1% move down ended at 67 days, the longest streak on record. Politics is being blamed for the downturn as investors are reversing their “Trump trade” bets, fearing the President will not be able to...
Market Valuations and Reflationary Expectations: What Can we Learn from a London Art Exhibition?
A recent investors’ survey done by Bank of America Merrill Lynch found that more and more investors believe that stocks are overvalued. Expectations about earnings, taxes, spending, and regulatory regime, have uplifted equities worldwide, but recently a sense of...
Weekly Market Update
Market Action The Federal Reserve proceeded with another rate hike this week, just as markets expected. Chair Janet Yellen cited confidence in the progression of the economy’s fundamentals as the reason for the rate hike while affirming the expectation for two...
