March to remember? This trend signals a winning month for stocks
History signals March will be a positive month for the stock market. According to Bespoke co-founder Paul Hickey, the S&P 500 gained an average of 2.39 percent between 2009 and 2018, the current bull market. “It tends to start off...
The future of cable may be no TV at all, as one small company from Arizona shows
There’s a narrative in media circles that Netflix, Amazon and other technology companies are killing cable companies. Cord cutting is accelerating! No one watches cable TV anymore! The end is nigh! The quieter truth is that many cable companies —...
How Forex Traders Use ISM Data
The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. As a result, the ISM manufacturing, construction and services indicators can provide unique opportunities for forex traders, which makes understanding this data...
Responsible banking moves a few steps closer
At the end of January, Citi launched a €500 million green bond – its first green bond – and in February Bank of America launched a $500 million social bond – its first social bond and indeed the first social...
Trump says strong US dollar, rate hikes are hurting economy
President Donald Trump reiterated his criticism of the Federal Reserve’s monetary policy and said it is promoting a strong U.S. dollar, possibly at the expense of the U.S. economy, during a nearly two-hour speech at the Conservative Political Action Conference...
Treasury Yield Surged on Abating Global Risks and Bets on Bottoming in Economic Slowdown
There were so many high profile events last week. In the end, the positive ones were more than enough to offset the negative ones. US-China trade truce was extended indefinitely and it looks closer than ever to have deal. MSCI’s...
Canadian ‘Solo’ Recession Risk: Rhetoric vs Reality
Highlights Canadian economic growth has decelerated markedly, and a repeat of the fourth quarter’s near-zero pace is expected in 2019Q1. This growth slump has led clients to question whether Canada can contract or stagnate alongside an otherwise healthy U.S. counterpart....
ECB Preview: No TLTRO Announcement as ECB Waits for Further Data
We expect the ECB to acknowledge the risks to the euro area economy at next week’s meeting but we do not expect to see any policy decisions yet. We do not expect a liquidity operation announcement either. The staff projections...
Weekly Economic and Financial Commentary: Global Uncertainty Remains Elevated For the Time Being
U.S. Review Drawing the Curtain on 2018 Economic data out the gate this week provided some clarity on how the economy fared through the end of 2018. Real GDP in the United States grew at an annualized rate of 2.6%...
US: Strong 2018 Finish But a Soft Start to 2019
Highlights The U.S. economy grew a robust 2.9% in 2018, the best performance since 2015, but growth moderated at the end of the year and at the start of 2019. The government shutdown and soft consumer spending in December are...
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