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

I have often said that betting against the US consumer is usually a bad bet. When we are happy, we spend money. When we are depressed, w...

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...

Profits’ share of national income is very volatile over the business cycle because it reflects the volatility of its two determinants t...

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...

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

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 ...