Initial Reflections on US Elections and Markets’ Reaction: The Sisyphus Dilemma
As the results of the election kept coming in on Tuesday night, the futures markets indicated a turbulent opening for Wednesday. However, as the morning hours were unfolding and as the closing indicates, we had a complete reversal with the Dow Jones Industrial Average...
Weekly Market Update
Market Action U.S. equities have ended each of the past 9 sessions lower, the longest losing streak since 1980. While employment data came in slightly below expectations on Friday, most of the negative sentiment is being attributed to a volatile election season. The...
US Presidential Election and Market Perspectives: Asset Allocation in Times of Change
Within six days the US election will (probably) be over. Serious statistical models show that the outcome may be more uncertain than pundits predict. Some of the latest polls in swing states show a pretty tight race, while some national polls show the race being a...
Monthly Barometer’s Forward-Looking Monthly Review: An Interdisciplinary View of our Complex Global Economy
October 2016 In the coming months, political risk will continue to rise while global growth pursues its deceleration at a slow, but inexorable, rate, reflecting the structural changes engulfing the world economy: ageing, excess savings, insufficient investment,...
Weekly Market Update
Market Action U.S. GDP expanded at a surprising 2.9% during Q3 according to economic data released Friday. The news led to a selloff in the bond market and a stronger dollar on the stronger likelihood of tighter monetary policy. European economies also reported better...
Trapped in the Noise of the Market: Rates and Momentum
Markets are looking for an opportunity to break free from the noise of going sideways. It could be that the recently announced deals in mergers and acquisitions could become the cornerstone for such a break. On Monday the S&P 500 came close to 2150 and temporarily...
Weekly Market Update
Market Action Markets in the U.S. were largely flat on the week as Earnings season begins to gather momentum. Financials were among the best sectors thanks to strong earnings posted by banks. Saudi Arabia raised over $17 Billion in the largest bond sale ever by an...
Credit Impulse and Currency Outlook: Kafka’s Clamence Ponders on Currencies’ Trajectory
This year marks the 60th anniversary since Kafka published his least understood philosophical novel titled “The Fall”. The novel is a series of monologues by its main character (Clamence). Clamence’s words echo a dark masterpiece of a person who has fallen from grace....
Weekly Market Update
Market Action The British Pound continue its slide this past week. At one point dropped below $1.20. The fact that the British government may be preparing for a hard exit – which the Financial Times estimate could cost her between £20-40 billion – seems to be main...
Hyperkinesis and Financial Ecology: The EU and a Lesson from the Kudzu Weed
The markets seem to be suffering from hyperkinetic activity generated from too much kudzu collateralization, securitization, credit overextension, and central banking intervention. This has resulted in impulsivity across credit markets and the result is a form of...
