Weekly Market Update
Market Action Global equities extended their recent advance, with the S&P 500 and the Dow Jones Industrial Average both posting record highs on Thursday. Helping to sustain the advance were solid high-frequency economic data, such as regional Fed indices, a modest...Monetary Policy, Currency Misalignments, and Markets’ Memory: Pausing the Hiking of Rates
Inflows to emerging markets dropped by over 65% between July and August of this year. A strengthening American economy and the growing trade tensions have created a rout in emerging markets which is contributing to currency misalignments in Asia and South America....Weekly Market Update
Market Action Global equities rebounded this week, spurred by calmer emerging markets and modest hopes that US-China talks will defuse growing trade tensions. The yield on the US 10-year Treasury note extended its rise to 3%, up 18 basis points from two weeks ago. The...Is Amazon Causing a Retail Apocalypse?
Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) are the first US companies to cross the one trillion dollar market cap ribbon, with Apple winning by a nose. (They are not the first trillion dollar companies, however. Both PetroChina and Saudi Aramco have been larger than...Weekly Market Update
Market Action Global equity prices slipped on the week amid ongoing emerging market concerns. The yield on the 10-year US Treasury note rose 12 basis points to 2.94% as US labor data showed an uptick in wages. The price of a barrel of WTI crude oil slipped to $67.20 a...Sign Up for Our Publications
