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By Jill Mislinski All eight indexes on our world watch list posted gains through January 22, 2019. The top performer is Hong Kong's Hang Seng with a 7.46% gain, and in second place is our own S&P 500 with a gain of 4.90%. In third place is Germany's DAXK with a gain of 4.82%. Coming in...
A singular failure of President Trump's economic policy has been the lack of progress in his stated goal of reducing the overall U.S. trade deficit. Indeed, despite a move to higher import tariffs under the Trump administration, the U.S. trade deficit widened to more than $500 billion through...
Global stocks have rallied since the start of 2019, after posting the steepest decline since 2008 last year. This hasn’t lifted the gloom over the current earnings season. Analysts have aggressively cut their forecasts, yet we see some potential for more earnings downgrades. This argues...
The stock market is ignoring the shutdown. The bond market is, too. So, too, are commodities, currencies, precious metals, fine art and other collectibles, sovereign debt, and many other asset classes. Those markets are moving for other reasons and not federal shutdown. Why? Markets believ...
Expectations of monetary tightening have been changing rapidly, following the swings in the stock market. As the S&P 500 ( SPY ) was making new all-time highs, the expectations of monetary tightening over the upcoming year were as high as 90 basis points, indicating 3-4 more rate hikes we...