Gold •162 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •15 mins | 937.70 | -3.00 | -0.32% | |
WTI Crude •10 mins | 69.89 | -0.13 | -0.19% | |
Gasoline •10 mins | 1.992 | +0.004 | +0.18% | |
Ethanol •162 days | 2.161 | +0.000 | +0.00% | |
Silver •162 days | 30.82 | +1.16 | +3.92% |
Silver • 162 days | 30.82 | +1.16 | +3.92% | ||
Copper • 162 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 47 mins | 73.41 | -0.11 | -0.15% | ||
Natural Gas • 10 mins | 3.451 | -0.004 | -0.12% | ||
Heating Oil • 11 mins | 2.234 | -0.003 | -0.12% |
Contributor since: 26 Feb 2010
With taper worries out of the way for now, the markets will watch to see if Washington can avoid a government shutdown. From the Federal…
The Fed really pushed the envelope too far this time. The Federal Reserve shocked the markets Wednesday with its decision to furlough QE "tapering." The…
Global equities were bought while precious metals and commodities were sold. "Next Sunday marks the fifth anniversary of the fateful day that investment bank Lehman…
The repricing of global bonds continued, despite escalating tensions in Syria and weak payroll data. The latest G20 meeting was dominated by deep divisions over…
Global markets are turning more unsettled, and I suspect it has more to do with EM and the hedge funds than it does Syria. It…
An unfolding EM crisis, higher Treasury yields, a short squeeze and various market mayhem. The thesis has been that unconstrained global Credit inherently fuels serial…
Bond yields shoot to two-year highs and equities take notice. This week's CBB evolved from notes prepared for a presentation I was to give. Instead,…
The S&P might have been unchanged but many individual stocks were wild. Mario Draghi's "ad-libbed" comments one year ago (July 26, 2012) altered the course…
The melt-up continues. Chairman Bernanke last week buttressed global markets with his "If financial conditions were to tighten to the extent that they jeopardized the…
Somehow the Fed has succeeded in making unstable global markets even more so. I read with keen interest chairman Bernanke's paper "The First 100 Years…
Bonds taken out to the woodshed, again. U.S. bonds were crushed Friday on the back of stronger-than-expected payroll data. Long-bond yields jumped 21 bps to…
An extraordinarily unsettled quarter ends on a tenuous up note. June 24 - Financial Times (Alistair Gray and Pilita Clark): "Insurers have issued a rare…
It was a rout: EM, Treasuries, municipal bonds, MBS, commodities and even some stocks. The hours leading up to Wednesday's FOMC statement and Bernanke press…
Global de-risking and de-leveraging have gained important momentum. No respectable "flow of funds" analysis would be complete without examining "Rest of World" (ROW) data. I'll…
The global government finance Bubble has seen at least its second crack develop. The Q1 2013 Z.1 "Flow of Funds" was notable for the surprising…
Global de-risking/de-leveraging starts to gain some traction. Legendary Fed Chairman Paul Volcker spoke again this week before the New York Economics Club. I've included large…
Air leaks out of Japanese stocks and bonds and global Bubbles suddenly appear more vulnerable. For centuries, economic thinkers have grappled with money and Credit.…
Tepper stokes the melt-up. "I am definitely bullish. The budget deficit is shrinking massively. Guys who are short, they better have a shovel to get…
Indicators of serious market excess abound. The yen was hit for 2.6% this week, with the dollar/yen breaking above 100 to the highest level since…
Stock prices surge to record highs, while Credit market risk premiums collapse to multiyear lows. We're now well into the fifth year of unprecedented monetary…