The last two days have not been good for either the US or Sweden. The US is inching towards an end of the lockdown, with a number of states already…
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Crude oil prices slumped to an 18-year low on Friday, but the stock market rallied again. The S&P 500 has now recovered 55.5% of the losses sustained in the Covid…
The jump in US initial jobless claims (to 3.283m) was well above expectations today. Mr Trump has warned that the ‘cure’ may do more damage than the virus itself. The…
Jay Powell is worried about the rising Federal budget deficit. However, dire projections for the deficit have not impacted the bond market. The indexed-linked 30-year Treasury yield dropped to 0.26%…
It is perhaps too early to claim 2020 will be a repeat of last year. But the first ten days or so suggest very little has changed in the US….
The Treasury market’s response to last week’s assassination of Qasem Soleimani in Iraq was telling. Yields fell sharply even as oil prices jumped to a seven month high. Bond investors…
A strong performance by Amazon has helped propel the FAANGS to new highs. A good holiday season for retailers was underlined by the Johnson Redbook survey, with sales rising 6.2%…
A raft of strong economic reports propelled share prices to yet another fresh high on Friday (3221.2). Stocks have jumped 28.50% this year. It is an extraordinary rise in the…
Last week’s producer price report provided compelling evidence of a moderation in cost ‘pressures’ that could feed into even lower inflation in the US during 2020. The prospect of weaker…
This was not supposed to happen: US employment growth is accelerating despite a prolonged ‘trade war’ between the US and China (that is possibly extending to the Eurozone). Private sector…
