Smaller Australian Rate Hike Sends Stocks Soaring

Building on Monday’s relief rally in North America that saw the three main US indices plus the S&P/TSX jump 2.2%-2.4%, overseas markets have been soaring overnight. Asia Pacific trading saw Sydney soar 3.75% and Tokyo climb 3.0%. European trading finds

Crude Oil Soars on OPEC+ Speculation

October has arrived with mixed action across asset classes, but the big moves so far have been in energy markets where WTI crude oil is up 4.4% and natural gas is down 2.75%. Renewed interest in oil was ignited on

Stocks Struggle As Inflation Pressures and Inventories Build

It’s the last day of the week, month, and quarter and sluggish trading so far this morning suggests that investors may be spending the day adjusting positions and preparing for the start to the new month and quarter next week.

Stocks Backtrack as Pivot Effect Fades Fast and Inflation Keeps Rising

In a case of “Be careful what you wish for, you might just get it”, investors who spent the summer hoping the Fed and other major central banks would pivot from being hawkish and fighting inflation to being dovish and

Stock Slump Continues After Bank of England Blinks

One of the biggest questions facing investors this year has been whether central banks will be able to contain inflation quickly enough and let the air out of asset bubbles slowly enough to achieve their goal of a soft landing

Markets Rebound as US Dollar Rally Fades For Now

What has recently appeared to be a relentless trend of soaring treasury yields and US Dollar gains steamrolling over equities, bonds, commodities and non-US currencies appears to have relented a bit for the moment. US index futures are up 1.0%

Stock Slump, US Dollar Rally Continue as Quarter-End Approaches

The final week of the month and the quarter has picked up where last week left off, with stock markets in retreat, treasury yields soaring and currency markets in turmoil. US index futures are down 0.4%-0.5% so far today, continuing

Stocks Keep Falling as Treasury Yields Keep Rising

The implications of stagflation (high inflation driving tighter monetary policy and a weakening economy) appear to be putting a squeeze and taking their toll on stocks, bonds and commodities again today. From the inflation/monetary side, this week’s series of interest

Mixed Markets Digest Multiple Interest Rate Hikes

Monetary policy decisions, statements, and forecasts have continued to impact trading in stocks, bonds, currencies and commodities around the world overnight. Equity and bond market momentum has been generally downward, adding to yesterday’s late afternoon selloff that was sparked by

Big Fed Decision Today, But FOMC Forecasts May Be More Important

Monetary policy dominates the economic calendar for the next 24 hours with four major central bank decisions on the way. The US Fed is up first at 2:00 pm with a 0.75% increase widely expected. The Bank of Japan is