The crowd has been fleeing commodities since last year and continues to do so. My contrarian instincts are on full alert. However, I’m ...

The latest Greek crisis in the Eurozone and the wild roller coaster ride in Chinese stock prices are boosting the US dollar and unsettlin...

Gold is widely viewed as among the best hedges against inflation. It rose dramatically from $287 an ounce on September 11, 2001 to a rec...

Global oil demand rose to a new record high of 93.8 mbd based on the 12-month average through May. It’s been doing so since it recovere...

Monday’s WSJ included an article titled “Glut of Chinese Goods Pinches Global Economy.” The main point is that “China’s excess manufact...

The major central banks of the world have been easing their monetary policies significantly since the financial crisis of 2008. They’ve s...

If oil prices have bottomed and the dollar has peaked, then forward earnings should be moving forward again. Until recently, the S&P ...

While valuation multiples are flying into the wild blue yonder, revenues and earnings have been coming back down to Earth. But that’s all...

Yesterday’s much weaker than expected US retail sales report initially caused the 10-year US Treasury bond yield to fall in the morning....

Only a few weeks ago, we all figured out why bond yields had dropped close to zero in the Eurozone. It was mostly because the ECB impleme...

Many years ago, before China emerged, the price of copper was driven mostly by demand from the US housing industry. Could it be that US h...

US bond yields have jumped recently. The 10-year Treasury is up from a recent low of 1.87% on April 17 to 2.26% yesterday. Everyone is b...

There are lots of correlations between S&P 500 forward earnings and several key economic indicators. The former dropped sharply late...

The performance of the US stock market is quite impressive considering that there isn’t much of a spring in the latest batch of economic...

There’s no party in the commodity pits. While the price of a barrel of crude oil has rebounded smartly from a low of $46.59 on January 1...

So far so good. In the 2/2 Morning Briefing , I wrote: “[T]he stock market may continue to trade in a volatile range during the first ha...

On balance, there still looks to be more stagnation around the world than either a boom or a bust. So how can we explain the remarkable re...

Yesterday, the price of a barrel of oil gave back recent gains after Saudi Arabia reported record production of 10.3mbd in March, a figu...

Stock investors have been going global rather than investing in the US. While going global has been mostly driven by relative valuation ...

On March 18, I observed that spring is coming. Just as I predicted, it started two days later on March 20. On the other hand, the latest ...