There were a few developments within the markets that caught our attention over the past day. The equity markets were somewhat weaker in Asia, for example, while copper prices fell close to the lowest levels in two weeks. Wal...
Read MoreMarch 11 (Bloomberg) — Canada’s dollar traded near the strongest level in five months against the greenback as crude oil and stocks gained before a report tomorrow forecast to show the nation’s economy added...
Read MoreMarch 10 (Bloomberg) — The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi. It often feels as if markets...
Read MoreThe question today is whether the long end of the Treasury market is actually leading the short end- and hence the Fed- by close to a year. Below we compare the U.S. 30-year T-Bond futures and 3-month eurodollar futures with the...
Read MoreWe are going to concentrate on a couple of similarities to the post-1990 markets on the first two pages today. Below is a comparison between the U.S. 30-year T-Bond futures and the ratio between crude oil and natural gas futures...
Read MoreOur focus in recent days has been on the slope of the yield curve, the lagged impact on the share prices of the banks, and the potential for lower gold prices. We should note, however, that the major banks are just one of the...
Read MoreWe are still trying to reconcile a number of views that, at least on the surface, appear to be somewhat contradictory. The ‘decade trend’, for example, suggests that we will see a peak for one or more asset classes...
Read MoreWe are fond of comparing one time frame to another. While it is impossible (for obvious reasons) to argue that today is exactly like some previous point in time… we have to admit that we do find today’s comparison...
Read MoreMarch 1 (Bloomberg) — George Soros is helping drive up gold prices by doubling his bet in a market even he considers a “bubble” as Goldman Sachs Group Inc., Barclays Capital and HSBC Holdings Plc predict more...
Read MoreBelow is a chart of Hong Kong’s Hang Seng Index. Our focus today is not on whether the Hang Seng Index will rise or fall but rather what it will mean in terms of the cyclical trend if it moves higher or lower from current...
Read More
