Minutes from the Fed’s May policy meeting showed board members thought that if jobs growth remains healthy with a rebound in investment and consumer spending then rates could rise “soon”, which many took to mean June. The economy has shown some signs of weakness, the Fed still thinks its broad strength would justify winding down […]

Core Asian markets closed mostly lower after early gains were reversed. Volumes were thin in todays session as G7, OPEC and discussions around the Federal Reserves next move on rates. Oil drifted lower in Asia as President Trump completed his trip and was about to fly to meet the Pope. Thursday OPEC meeting is expecting cuts […]

When I was a kid, most police were kind, respectful, and actually there to protect society. Sure, there was some towns that were just greedy. My father took a local post as a judge in Cinnaminson, New Jersey. It was the politicians who told him they want the maximum fine for everything. My father refused […]

The correction has begun with the uneasiness of the two political scandals surrounding Trump – Russian meeting and now a Comey memo saying Trump asked him to kill the investigation into Flyn. The first is not really an issue legally, but the second could fuel the quest to impeach Trump which is really led by […]

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 […]

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 […]

COMMENT: Mr. Armstrong, I have been on Socrates for about one year now on what you now call your standard edition. I have to say, you have done an amazing job of programming. To have a computer simply provide a comment that is short and to the point that you can look at the whole […]

An uneasy session in the US Thursday, following poor mainline stores data which led a mixed day for Asian markets. We saw losses for the Nikkei, ASX and SENSEX and gains for the Hang Seng, NZ and Shanghai. Volumes were light all around but that does not seem to be much of an anomaly these […]

Emmanuel Macron has shown just how inexperienced he is when it comes to international trade. Both Berlin and Brussels have rejected Macron’s central platform in his election campaign that all government purchases should be made from exclusively European companies. They realize that while Le Pen cheered “France First”, Macron called that nationalist, he proposed European […]

A positive day across the board for Asian equity indices with KOSPI setting the pace (+1.16%) creating new records as it goes and with the ASX just managing a small +0.5% profit. The Nikkei continued its run (+0.3%) but remains under the psychological 20k mark, even as the Yen traded with a 114 handle. The […]