US Returns To New Oil Sanctions and a Gold Mining Merger

US investors appear to have returned from their long weekend somewhat less enthusiastic than when they left on Friday. The last trading day of May finds US index futures trading down 0.3% to 0.7%, giving back some of their recent

Stocks Slide as Rates Rise, China Data Mixed

Investors have returned from the Easter weekend in a mixed mood. European indices are on the rise this morning with the Dax up 0.6% and the FTSE up 0.2%. On the other hand, US index futures are down 0.1% to

Canada Jobs Bounce Back, Global Markets Remain Choppy

The choppy, back and forth trading across asset classes, which has been the main theme of the week so far, has continued overnight and into this morning. US index futures are up 1.0% to 1.3%, clawing back yesterday’s US index

Gold Rallies as Stampede Into US Dollar Slows

The biggest overnight moves have been capital flows between asset classes. The recent stampede into US bonds appears to be slowing with the 10-year treasury note yield bouncing back up toward 1.85% from near 1.75% yesterday. The US Dollar also

Gold Tests $2,000/oz, Oil nears $125/bbl as Ukraine War Continues

With the Ukraine war still raging and limited ceasefires struggling to hold over the weekend, capital continues to flow into commodities and defensive havens as the new trading week begins. Brent crude traded $125.00/bbl this morning, while WTI crude oil

Gold, Oil and USD Soar, Stocks Plunge as Russia Attacks Ukraine

Overnight Russia expanded its military operations in Ukraine to include missile and infantry attacks in several parts of the country. This news sent equity markets, which had already been trending downward in recent days in fear that tensions could boil

Fed Projections Ignite US Dollar Rally, Commodity Selloff

The main event of yesterday’s flurry of Fed news turned out to be the member projections. Investors appear to have latched on to number of FOMC members calling for 1-2 rate hikes in 2022 to 7 from 4 in the

Earnings, Vaccines, Taxes and Cryptocurrencies Headline Friday Market Action

Yesterday’s afternoon market selloff in the US, which was sparked by reports that US President Biden is planning to raise income and capital gains taxes for top earning Americans in conjunction with the human infrastructure program he is planning to