Market Overview

Financial conditions have eased dramatically since the middle of October This has acted to support stock prices However, conditions are likely to start tightening again Something seems broken....

Last week I rang the bell telling investors and traders to wake up and smell the hot coffee because 2023 is going to be a life-changing year, and likely, not for the better.The 30,000-foot...

The two main forces driving global macro and markets are the rate of change of (nominal) growth and the monetary policy stanceReal-economy money creation and leading macro indicators inform us on the...

The Federal Reserve appears to be approaching the end of its rate-hiking policy, based on estimates from the bond market and economic conditions. But there’s a wild card that could derail the...

Last year, global hedge funds recorded the worst returns in 14 years after the Federal Reserve’s extremely tight monetary policy weighed on asset prices. On a more positive note, the...

US futures are pointing to a slightly lower open after the first positive Wall Street close for 2023 on Wednesday. European equity markets have opened with losses, following mostly positive Asian...

US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened with gains, following mixed Asian trade. Market is responding to encouraging inflation data out of Europe....

Losses dominated market activity for the major asset classes in 2022. Commodities and cash are the exceptions. The rest of the field lost ground last year, in some cases by hefty degrees, based on a...

U.S. stocks suffered their worst losses since 2008 The market could move higher in 2023 if the Fed slows interest-rate hikes and geopolitical tensions calm down But don’t expect interest rates...

“Damn Strait” is a song by American country music singer Scotty McCreery. It was released on October 18, 2021.  The song is a tribute to country music legend George Strait.  I...

There may be no recession in 2023, just a period of slower growth It will allow the Fed to keep financial conditions tight. Tight financial conditions mean a stronger dollar, higher rates, and...

In Canada, the "Big 3" ETF managers measured by total assets under management (AUM) are currently Vanguard, BlackRock (NYSE:BLK) iShares, and BMO (TSX:BMO) Global Asset Management. Their ETF lineup,...

2022 held a lot of hard lessons for investors This bear market is unique, but that doesn't mean it will last forever There is reason to think next year will be different We are approaching the close...

Investing in US stocks by way of risk factors has been a humbling experience this year. Short of a miraculous rally between now and Friday’s close, this realm of financial engineering is on...