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Gridlock In Washington Should Give The Fed An Excuse To Pause

November 14, 5:00 pm EST Later today Fed Chair Powell will be speaking at a Dallas Fed event.  We've talked…

Election Results Should Simply Clear The Fog For Another Run In Stocks

November 5, 5:00 pm EST The elections tomorrow are said to be a referendum on Trump's Presidency. And given the…

Why We Won’t See Another Big Silicon Valley Internet Giant

November 2, 5:00 pm EST If you are a regular reader of my daily notes, you'll know I've suspected we…

Catalyst For Both Corrections This Year Has Been Saudi Selling

October 23, 5:00 pm EST As we discussed yesterday, despite all of the drama about China, Italy, Brexit, rates and…

This Market Correction Is Driven By Saudi Liquidation

October 22, 5:00 pm EST As the events surrounding Saudi Arabia continue to unfold, it is beginning to look more…

Gold Is The New Bonds

October 11, 5:00 pm EST Yesterday we talked about the repricing of the tech giants as the catalyst for the…

Time To Watch China’s Currency Closely

October 8, 5:00 pm EST China was on holiday last week (Golden Week).  So today, with China back to work, we…

Bond Market Is Still Short Of Pricing In Fed’s 200 BPS Of Hikes

October 5, 5:00 pm EST We ended the week with the jobs report today.  The headline payroll number itself is…

Market Rates Are Finally Adjusting To Fed Tightening

October 4, 5:00 pm EST  The move in rates continued to spook markets today.  The 10-year yield traded as high…

China’s Leverage On Trump Tariffs

October 3, 5:00 pm EST China remains the hold-out on making a deal with Trump on trade.  And itlooks likely that they…