Temporary relief in both the Brexit and Hong Kong situations and no material change in monetary policy expectations propelled risk markets forward last week despite a mixed bag of economic releases and more running in place on the U.S.-Si [...]

Stocks, bonds, commodities, and the U.S. dollar all moved higher last week on the back of a few amicable trade nuggets and the relative condition in the global capital markets. The last three days of August produced a +3% rally in the sto [...]

Risk markets fell victim to twitter and the trade war on Friday in what had been a fairly encouraging week of monetary policy narratives and strong earnings.  Given a fairly light economic calendar, the focus last week fell to the annual [...]

Deteriorating sentiment related to global growth and a 2yr/10yr yield curve inversion weighed heavily on equity markets and bond yields but things trended more optimistically as the week wore on. Markets shrugged off an announcement (Tues [...]

Tarrified. Last week illuminated what markets fear in a ‘trade war’ scenario. Trade disputes translate to tangible risk for the global economy which is why volatility increases and safe haven assets receive a bid. Opening salvos followed [...]

Markets absorbed a one-two punch of Powell and Trump last week while a heavy economic calendar and earnings announcements provided ample anecdotes.  Renewed trade rhetoric from POTUS cast a shadow on generally upbeat earnings reports and [...]