Market Overview

The January rally in global markets has proven unsustainable, as inflation shows no signs of stopping in the US and Europe. This may lead to the collapse of markets, with central banks increasing...

The concept of diversification has long been hailed as the holy grail of investing. The idea is that spreading investments across different asset classes may reduce risk and create a more stable...

The Federal Open Market Committee (FOMC) will meet later in March to decide on the interest rate question for the US economy. With almost zero expectation of rate cuts this year, what does that mean...

In 2022, the vast majority of hedge funds struggled to generate returns for their investors. As stock-picking funds generated negative returns, global macro funds came out the big winners. However, in...

As if the 2020s haven’t been strange enough, the United States military recently shot down several UFOs. Equally bizarre as the possibility of aliens, some investment analysts are projecting an...

US futures are pointing to a higher open as of 04:05 ET. European equities markets have opened in the positive territory, following largely higher Asian trade. No change in broader market narrative...

There have been some positive surprises in economic data recently, and markets are busy trying to digest what this means for the Fed. Terminal rates are now priced at over 5% in the US and around 4%...

Over the last couple of decades, the assumption that inflation is mean-reverting to something approximating the Fed’s target level (or to where inflation expectations are supposedly –...

“Profit margins are probably the most mean-reverting series in finance. And if profit margins do not mean-revert, then something has gone badly wrong with capitalism.” – Jeremy...

Nigeria may not be on a lot of people’s radars, but it should be. Africa’s largest economy is in the early stages of a monetary experiment that could be coming to the U.S. sooner than you...

US equity futures are indicating a higher open as of 05:00 ET. European equity markets are firmer, following broad weakness in Asia. Markets continue to digest the hawkish repricing of the Fed rate...

What can the Fed do in a sticky inflation situation?January’s Personal Consumer Expenditure (PCE) index came in hot at 5.4% vs. the expected 5% inflation rate. The market is already in a frenzy...

This week will be full of economic data, but the big data will come on March 1 and 3, when the ISM manufacturing and services indexes are released respectively. The ISM manufacturing survey is...

Most macro commentary focuses on the US. But over the last few months, the real golden kid has been Europe.Recently, the euro has appreciated 10%+ against the US Dollar, macro data seems to suggest a...