Opinion – Friday 10 May 2019

U.S. stocks capped a fourth day of losses, though finished well off the lows of the day, while the Japanese Yen strengthened versus the dollar as investors assessed the likelihood of fresh tariffs just hours before they are due to take effect. The yuan fell to its...

Opinion – Thursday 9 May 2019

U.S. Stock-Index Futures tumbled after President Donald Trump said China “broke the deal” that he was negotiating on trade, days after he threatened to raise tariffs on billions of dollars in Chinese imports. S&P 500 Index futures contracts expiring in June fell...

Opinion – Wednesday 8 May 2019

Seven days into May, and while the stock market’s 2019 miracle remains intact, it’s starting to show cracks. A hundred words of Donald Trump tariff tweeting has quickly become $500 billion in value erased in the S&P 500. Dread is creeping in. The index is down...

Opinion – Friday 3 May 2018

Wednesday brought a non-event in the Federal Open Market Committee meeting, which was followed by a large sell-off in the stock market, at least by recent standards. But we should not reverse engineer this move on the basis that the market in its infinite wisdom was...

Opinion – Thursday 2 May 2019

The minutes after the release of the Federal Reserve’s interest-rate decision had all the looks of another dovish surprise from the world’s most important central bank. While the Fed left its benchmark lending rate unchanged, it dropped the interest paid on excess...

Opinion – Wednesday 1 May 2019

U.S. Equity Futures advanced after Apple Inc.’s upbeat forecast, with traders expecting lower than average volumes for global stocks today due to holiday closures in much of Asia and Europe. The New Zealand Dollar sank after hiring unexpectedly declined. Futures on...