Rising Rates and Falling Profits Drag Stocks Downward

Monday’s small stock market gains quickly evaporated overnight. Signs that central banks remain under pressure to tighten faster and do more about inflation as the US 10-year treasury note yield climbed back up above 3.00% and the Reserve Bank of

Stock Rebound Fades Fast as Australia Raises Interest Rates

Yesterday’s US stock market rebound which saw the three main indices claw back morning losses to finish with gains varying between 0.25% for the Dow and 1.6% for the NASDAQ, appears to have been a dead cat bounce. This morning

US Market Declines Extend Into May as FOMC Decision Day Approaches

US index futures have started May just as they ended April, stuck in reverse gear. US index futures are in the red, falling 0.1% to 0.5% with NASDAQ futures leading the way lower just as the NASDAQ did on Friday

US Dollar Rallies as Australia Goes Hawkish

Continuing a trend of recent hawkish moves by central banks in Canada and New Zealand, the Reserve Bank of Australia announced overnight that it is ending its yield curve control program, which previously had frozen 0-3 year rates at 0.10%,