Godot Again.

August 9, 2019 We are yet again in another waiting for Godot moment. Stocks looked a little more risk on however investors should not get too complacent as there is still plenty of potential for escalation of the conflict between China and the U.S.

Flight Of The Doves.

August 8, 2019 Central Banks came riding out of the dust and saved stocks from themselves. The story of the day was the equity market. Stocks recovered from steep early losses as bonds rallied from earlier losses in the day.

Signals Awry.

August 7, 2019 How much worse can things get? That seems to be the question that the stock market asked today. The yield curve continues to draw attention and remains a concern as a signal of recession.

Serve Returned.

August 6, 2019 It's now game on. If Trump believed that trade wars were easy to win, he now has a battle royale on his hands. The Chinese have returned served by allowing the yuan to slide to the lowest level in a decade.

Bad Medicine.

August 2, 2019 It is easy to understand why Trump wanted the Fed to ease by more than 25bp because he knew that he was about to ask the U.S. economy to take some bad medicine. Bad medicine is what the economy got.

The Garden of Good and Bad.

August 1, 2019 The good news is that the Fed cut rates by 25bp. The bad news is that the Fed cut rates by 25 bp. Stock traders were disappointed with result and sold.

Sign, Sign, Everywhere A Sign.

July 31, 2019 There are signs everywhere but how we interpret them is another matter. Stocks fell amidst a slew of corporate earnings which were to be fair a little mixed. However, the news of the day was once again Trump.

Waiting For A Sign.

July 30, 2019 Traders are poised for a sign whether it be from the Fed or from trade negotiations with China as to what is their next move. Investors will be looking to how the Fed discusses perceived downside risks around trade and supply lines.

It’s Good News Week.

July 29, 2019 It's Good News Week. Markets always love good news and they got that last Friday. Earnings results are somewhat better than expected.