While money managers and investor around the world discuss, if this is a game changer or not, one thing is for sure – its a reason to spike volatility! The VIX has gapped 20% (12.70) in early trade as the DOW declined over 250 points and by the close was up 39% at 14.75 (did touch 15% but was […]

QUESTION: Marty you warned previously that an April high would have the potential to create an important temporary high with a decline into 2018 and then a slingshot up. Is that still a possibility? ANSWER: Yes. We have the S&P500 and the NASDAQ Composite making new highs but NOT the Dow. This raises some concern […]

QUESTION: Hi Martin, It cannot be said enough: thank you for everything that you do. While I would love the opportunity to sit down with you as I have a million questions concerning your excellent posts of today, let me focus in on The Coming Central Bank Crisis. As the Fed begins to unwind its […]

Asian markets performed on the back of a strong US session which in turn was helped by the oil price rally. Having heard that Russia and Saudi had planned production cuts that could run into Q1 2018 we saw renewed confidence as investors moved away from the USD and into Euro, GBP and JPY. The […]

It was only Japan that halted the chances of a positive clean sweep in Asia today for core markets, after the Nikkei closed -0.07%. The index, however, did manage to recover from opening losses after it feared markets may suffer following the weekends global cyber-attack and the additional missile test. A similar picture was seen […]

QUESTION: Martin; it seems the Emerging Markets are back in favor just as interest rates are on the rise and their dollar borrowings have exploded. Is this the final bubble that is unfolding? When the WSJ writes about a trend it is usually the end. They are noting that significant flows of funds are now […]

With the CBOE Volatility Index (STOXX: .VIX) at its lowest level in over 10 years, many people call this the fear gauge and are concerned that people have become complacent. The VIX, is by no means a perfect measure of overall fear in the market. How we measure volatility depends upon the formula. Here are just […]

Emmanuel Macron’s victory promises no change for Europe and it has been the blessing Brussels wanted so badly to further advance the federalization of Europe. Macron will surrender far more French sovereignty to Brussels than anyone suspects based upon reliable sources. Macron is a technocrat and the youngest President in France ever at 39. His message […]

QUESTION: I find it interesting that you say the majority must always be wrong. I read Kenneth Rogoff’s comment on Davos and how the predictions there are always wrong. Do you think this can ever change or is it just how it works? ANSWER: Yes, I reported on that comment by Rogoff. The MAJORITY must always […]

Angela Merkel was the first phone call Emmanuel Macron made after the election.  My point about the election for Macron would be the worst possible outcome for the Euro was not just reflected in yesterday’s outside reversal to the downside. Merkel has already made it clear that she will not relax Eurozone spending rules to […]