Gold •118 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •15 mins | 1,024.80 | -34.50 | -3.26% | |
WTI Crude •10 mins | 69.03 | +1.82 | +2.71% | |
Gasoline •12 mins | 2.002 | +0.050 | +2.57% | |
Ethanol •118 days | 2.161 | +0.000 | +0.00% | |
Silver •118 days | 30.82 | +1.16 | +3.92% |
Silver • 118 days | 30.82 | +1.16 | +3.92% | ||
Copper • 118 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 10 mins | 72.90 | +1.78 | +2.50% | ||
Natural Gas • 10 mins | 2.839 | -0.020 | -0.70% | ||
Heating Oil • 10 mins | 2.196 | +0.062 | +2.90% |
Contributor since: 26 Feb 2010
As the year grows older, it gets more and more difficult to attribute market moves to particular motive forces. In thin conditions, a particularly motivated…
Stocks didn't need this. Nominal bonds didn't need this. But TIPS apparently needed this! The CPI index today was fairly close to expectations, with two…
The Federal Reserve, as was widely expected, announced nothing notable following its meeting today. I had thought there was a remote chance the Chairman would…
Stocks ended flat on the day, but bonds ended higher for a change. The catalyst, interestingly, was a court decision. Bonds had been lower overnight,…
According to Bloomberg, Treasuries on Friday fell and stocks rose "as U.S. Economic Data Top Forecasts." Stocks added 0.6%, while 10y note yields perked up…
Initial Claims did not administer the coup de grace to the bond market. While TIPS continued to struggle, bonds were roughly unchanged on the day…
Another day of selloff in the bond market, and I wonder how much fingernail-chewing is happening at the Fed? 10-year Treasury yields rose to 3.27%…
The highest 10-year yields since mid-June were the reward for the news that President Obama had executed a remarkable pirouette and agreed to extend the…
The December doldrums may have officially set in, with equity market volume today essentially matching the lowest readings of the year (with the singular exception…
Well, it isn't the first time but I was wrong. It turns out there was a big miss in the Employment report. Payrolls rose by…
The stock market continues to look like a one-decision investment, as investors piled in for a second day and drove prices still higher. The S&P…
Oh, year-end illiquidity is lots of fun, isn't it? After yesterday's fairly high-volume selloff (the 1.5bln shares was the highest non-witching volume since July 1st),…
Blam! Blam! The EU fires and the T-1000 Terminator is blown to bits. Or...is it? There was the ECB's liquidity provisions of 2009, but Greece…
Back in July, when the EU bank stress test results were announced, I noted (in the commentary linked here) that the €3.5bln in capital the…
The markets continue to respond relatively calmly to the news floating about, almost all of which is bad. Although I have not written about it…
Well, just like that, Ireland's ruling coalition sinks beneath the waves. After having promised that the country had enough funds to make it through until…
Some bounce for the equity market is certainly understandable, from a psychological perspective. The market had rallied, basically uninterrupted, for two months and 18% or…
One day on, one day off - the risk shuffle continues. Irish bonds rallied 17bps today, simply because the EU and the IMF have said…
With the holidays rapidly approaching, it seems the market is striving to get the volatility out of the way as soon as possible. Tuesday was…
A real yield of 0.82% for ten years isn't exactly plush, but on the other hand it is nearly double the real yield that prevailed…