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Global bond markets decide Trump means more government spending, a big tax cut, bigger deficits, and higher inflation–and increased odds that the Fed will raise interest rates faster than expected just last week

Global bond markets decide Trump means more government spending, a big tax cut, bigger deficits, and higher inflation–and increased odds that the Fed will raise interest rates faster than expected just last week

Global bond markets fell to the tune of a more than $1 trillion loss this week after Donald Trump’s win in the U.S. presidential election. The market value of the Bank of America’s Global Broad Market Index, which tracks 24,000 bonds around the world, fell...

Three strikes today against oil

Crude oil prices moved lower again today, Friday, November 4. And there were plenty of reasons for the continued downward trend. Which suggests that the market is likely to continue to move lower on Monday. U.S. benchmark West Texas Intermediate fell another 1.07%...
U.S. stocks pause ahead of earnings

U.S. stocks pause ahead of earnings

Not terribly surprising that U.S. stocks are meandering in slightly negative territory today after busting out to new all-time highs. (The Standard & Poor’s 500 stock index was off 0.09% at the close in New York.) We’re about to head into the meat of...