After a red-hot summer, the health care sector has cooled off a bit this month. Despite risks from rising policy uncertainty, the sector continues to outperform. ... Read More
Today's topics include hedge funds' struggle, economic optimism, two takes on populism, trouble in Europe, arbitraging the Fed, Chinese stocks and Wall Street paychecks.... Read More
U.S. 10-year yields and term premium are setting records for the longest period of ultra-tight trading ranges. Nominal yields are again looking to break out, which should place focus on investment grade industries with high sensitivities.... Read More
A look at 170 years of hurricane data in the United States... Read More
Popular and extreme charts from the latest CoT report.... Read More
Expectations for retail sales remain high. We see continued tailwinds for home improvement and consumer services, but policy uncertainty and falling interest in consumer borrowing are key risks. ... Read More
Today's topics in the Federal Reserve, tariffs, boring markets, Bernanke admits to some mistakes, why stocks could go much higher, more on the financial crisis, the ECB, crude oil and hurricane Florence and the return of Jeff Skilling. ... Read More
Economic growth divergence has taken a turn to convergence. Developed economies outside the U.S. playing catch-up should keep a lid on the U.S. dollar.... Read More
Gold and cyclical sectors of the S&P 500 have seen tighter ties with the U.S. dollar?s fortunes lately and would stand to benefit if the dollar heads lower. ... Read More
Updating a look at macro options volume on the CBOE.... Read More
An updated look at high yield ETFs.... Read More
U.S. 10-year note yields are enduring one of their tightest trading ranges in history with an eventual breakout expected to send waves across all markets. Investor's fear of inflation, which is again very low, dictates the direction and magnitude of reactions.... Read More
10-year specs are at an extreme net-short position once again. ... Read More
Popular and extreme charts from the latest CoT report. ... Read More
Rate hike timing for the Federal Reserve will remain elevated given strong wage gains and overall U.S. economy. However a closing gap between economic performance of the U.S. and other developed economies suggest U.S. 10-year notes will finally cheapen on the curve.... Read More
Tighter ties to emerging economies in Southeast Asia have been the thorn in the Australian dollar's side since May. The case for a bounce is wanting.... Read More
Away from Turkey, emerging markets in eastern Europe and the Middle East are outperforming as Turkey flounders. So far, taking the risk that problems will stay contained is paying off. ... Read More
