The New Zealand economy made a solid start to the year with GDP rising by 0.8% in the March quarter. Revisions to recent history made this a stronger overall result than we were expecting. Key Read more…
The Fed maintained its monetary policy unchanged in Kevin Warsh’s inaugural meeting as the new Chair. Warsh did not submit personal projections, but the distribution of other committee views signals a shift to hiking bias. Read more…
The Federal Open Market Committee (FOMC) held the policy rate steady at the target range of 3.5%-3.75% for a fourth consecutive meeting. The move was fully expected by market participants. The post-meeting statement was significantly Read more…
Key Highlights WTI Crude Oil declined heavily below $88 and $85. A major bearish trend line is forming with resistance at $89.50 on the 4-hour chart of XTI/USD. Gold could extend gains if it settles Read more…
Forward guidance is out. Task forces are in. The Federal Reserve under Kevin Warsh’s one-month leadership as Chair isn’t providing the highly anticipated lower interest rates that consumers, businesses and investors initially expected earlier this Read more…
The title of the note says everything about the question Morgan Stanley is trying to answer. “Is Peace Mispriced?”, published June 16 by equity analyst and commodities strategist Devin McDermott, lands at the moment oil Read more…
When was the last time you talked to your banker face-to-face? Or even the last time you walked into a branch? For some Americans, it’s becoming less and less. A report from banking research firm Read more…
As a frequent cruiser, I’ve stopped noticing the difference between various fees depending upon what cruise line I’m sailing on. Yes, I’ll notice that MSC Cruises offers much cheaper drink packages than Royal Caribbean or Read more…
For years, Netflix (NFLX) has been trying to convince Wall Street that growth can still be driven by streaming size, global content, and pricing power. The argument is still valid, but that might not be Read more…