Global trade is on the back foot. US-China trade tensions can be partly blamed for this, but as far as US exports are concerned, the US dollar plays a role. The US dollar index has trended higher for nearly a … Continued
The US dollar index has rallied strongly in the past five weeks. This can potentially have consequences for US inflation, exports, economy, earnings and what not. But was the rise enough for FOMC members to discuss in the March meeting? … Continued
There is a new entrant in the list of things dollar bulls are having to grapple with. It is the Donald. Bulls were already locking horns with overbought technicals and non-commercial futures traders who persistently refused to jump on the … Continued
Post-Trump victory, the Treasury yield curve has moved up as well as steepened, with the 10-year yield rising 47 basis points to 2.34 percent. Yields have risen one full point since the July 6th all-time low of 1.34 percent. Inflation … Continued
Jackson Hole came and went. At the annual confab, Janet Yellen, Fed chair, last Friday seemed to agree with preceding hawkish messages from three prominent FOMC members – Stanley Fischer, vice-chair, William Dudley, New York Fed president, and John Williams, … Continued
The 2Q16 earnings season is winding down. As of August 3rd, 430 of S&P 500 companies have reported results, with 297 beating (69.1 percent) on operating earnings, 40 meeting and 93 missing. (By now, 453 have reported, so the above … Continued
Breakouts galore in U.S. equity indices! The S&P 500 large cap index broke out to a new all-time high on July 11th, and has since made several more highs. The breakout came after having gone sideways since essentially February 2015 … Continued