December 16, 2019 @ 7:37 pm | Breaking News |
This morning it doesn’t matter that the Part 1 U.S.-China trade agreement isn’t signed and that we don’t have more than the bare, vague outlines of the deal. This morning it doesn’t matter that the smashing Conservative Party victory in the...
September 4, 2019 @ 7:42 pm | Breaking News |
As of 2 p.m. New York time U.S. stocks were higher on just about no meaningful news. To me it looks like the market wants to climb in the very near term–testing technical momentum to move to 2950 on the Standard & Poor’s 500 and maybe beyond. The...
September 3, 2019 @ 8:00 pm | Breaking News |
It was the kind of session that only Parliament can produce: jeering, catcalls, and mid-speech by Prime Minister Boris Johnson the dramatic resignation of a Conservative member of Parliament who got up from his seat and walked over to join his new party the Liberal...
April 11, 2019 @ 7:27 pm | Breaking News |
Leaders of the European Union gave the United Kingdom until October 31 to get a Brexit deal done. The decision was a rejection of U.K. Prime Minister Theresa May’s request for a shorter extension. European Union leaders simply didn’t believe May’s...
March 12, 2019 @ 7:40 pm | Breaking News, You May Have Missed |
Well, the vote was closer this time. After losing a vote on her Brexit deal by 230 votes in January, Parliament only defeated Prime Minister Theresa May’s Brexit deal by 391 to 242 votes. Which still means that the United Kingdom is set to crash out of the European...
December 10, 2018 @ 5:57 pm | Breaking News, Volatility, You May Have Missed |
I dare you to find something global financial markets aren’t worried about. And, moreover, many of the worries are re-enforcing each other today. So, for example, we’ve got U.S. Trade Representative Robert E. Lighthizer, saying on Sunday TV the the 90 day...
June 6, 2017 @ 6:56 pm | Breaking News |
On Wall Street they’re calling it Super Thursday and it has frozen financial markets in their tracks. On Thursday, June 8, the United Kingdom holds an election that has become surprisingly close. Prime Minister Theresa May looked set to cruise to a victory that...
January 16, 2017 @ 7:49 pm | Breaking News, Volatility |
In an interview with the London Times and Germany’s Bild President-elect Donald Trump managed to dismiss the European Union as a tool for expanding German exports and to label NATO as obsolete. Trump praised the Brexit vote saying that people “want their...
January 4, 2017 @ 11:54 pm | Breaking News, Volatility, You May Have Missed |
I’ve got good news for all those who didn’t find 2016 volatile enough. Yep, 2017 looks likely to top 2016 for volatility. Hard to imagine, perhaps. Even though the CBOE S&P 500 Volatility Index (VIX) spent much of the year near multi-year lows, because...
October 19, 2016 @ 7:57 pm | Breaking News, Leading Indicators, Volatility, You May Have Missed |
If this market is vulnerable, what should I do? I’ve been asked that question repeatedly since I first called this market vulnerable back in my October 11 post “Suddenly U.S. stocks seem vulnerable.” To answer that–the what should I do...
July 19, 2016 @ 8:33 pm | Leading Indicators, Volatility |
German investor confidence fell in July on worries over the United Kingdom’s vote to leave the European Union. Released today the ZEW Indicator of Economic Sentiment for Germany, which looks six months ahead ( in other words into early 2017), fell to -6.8 from...