Markets are unscathed by geopolitical volatility, more so than usual, as independence protests rock Hong Kong, Lebanon, Spain, and Britain. This illustrates the enormous discontinuity the market has against geopolitics and is a reminder that monetary...

Last weekend I attended the Technical Securities Analysts Association (TSAA) of San Francisco annual conference, hosted by talented money managers that I’ve followed and befriended for the last 10 years. The first presenter, Craig Johnson, Chief Mark...

After a rough couple of weeks in the equity markets, it was easy to forget that we recently reached new highs in the S&P 500 and the chance for a major correction remained low. Nevertheless, novice investors got spooked due to the “inverted yield-cur...

The most important powers of a country’s central bank are how they set the short-term interest rate and monetary policy. The U.S. Federal Reserve may initiate a 0.5% rate cut this week and the European Central Bank (ECB) is also launching a significa...

Almost every market, U.S. stocks, bonds, oil, and even gold, soared last week after the Federal Reserve suggested a rate cut next month and the European Central Bank announced that they would resume their bond-buying program. The market’s reaction sp...

If you want to cook up a bull market, you only need a few ingredients. Surprisingly, inflation and global growth are not required to get a rise out of this loaf. Instead, all you need is an accommodating Central Bank to circulate a record amount of c...

Markets are reaching a fork in the road. This comes after the S&P 500 bounced back by more than 17% over the last two months, as the Federal Reserve chairman, Jay Powell, suggested no further interest rate rises this year. The International Monetary...

Investopedia describes a recession as a “significant decline in economic activity that goes on for more than a few months”^1. This does not describe the current environment. While stocks have reached an epochal point of volatility not seen since 2008...

Investors saw relief as the Federal Reserve Chairman corrected statements suggesting that they will slow the pace of further rate rises. The S&P ended up 4.20% higher last week, putting the year-to-date gain at about 3%. This comes after a month of m...

After the most turbulent month in years, the S&P 500 squeaked out a positive week, roughly up 2%. This puts the index up about 1.5% since the start of the year. Volatility was to be expected as rising Federal Reserve rates made cash more expensive to...

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