October 27, 2018
Fundamental Forecast for : Neutral FUNDAMENTAL CRUDE OIL PRICE TALKING POINTS: The ONE Thing: Three makes a trend as Crude oil has pushed aggressively lower and the premium that had supported the market on near-term futures contracts continues to move toward zero. The correlation to
There is some talk of a crash. We’ve gone from annoying lectures about how normal it is for the market to have significant corrections, to discussions about the signs to look for when the market is about to crash. From
The Advance Estimate for Q3 GDP came in at 3.5% (3.50% to two decimals), down from 4.2% in Q2. With a per-capita adjustment, the headline number is lower at 2.83% to two decimal points. Here is a chart of real
Over the last three weeks, as interest rates surged above 3%, we explored the question of whether something had “just broken” in the market. Did Something Just Break? 10-05-18 Yes, Something Just Broke 10-12-18 Market Clings To Support – 10-19-18
This month’s violent market rout, which sent both the S&P 500 and Dow to unchanged for the year and pushed most global markets into a bear market, has delivered several other dubious distinctions across asset classes. After seemingly untouchable, many
Fundamental Forecast for Canadian Dollar: Bearish USD/CAD extends the advance from the monthly-low (1.2782) even as the Bank of Canada (BoC) delivers a hawkish rate-hike, and recent price action keeps the topside targets on the radar as the exchange rate threatens the bearish
Innovent Biologics has priced its Hong Kong IPO to raise $421 million, very close to the top of the expected range (see story). The company set its offering price at HK$13.98, just below the top of the range. The successful IPO
The MSCI benchmark for developed and emerging market equities has fallen for the past five weeks. The dollar has done well over this period. Although it lost some momentum ahead of the weekend, the Dollar Index reached a two-month high at
