Not When, But How Many People may be in the thick of their summer vacations, but there’s no such thing as time off for financial markets. Last week was a prime example of that and judging by what’s on the calendar for this week, we’re likely to get another such reminder. Several economic indicators will…Read more
An Unexpected Rate Hike Japan has long been known for ultra low interest rates, stubbornly low inflation, and a weak yen versus the dollar. But a lot of that has changed recently. The Bank of Japan (BOJ) raised its benchmark interest rate at the end of July, a move that sent ripple effects through global…Read more
Up, Down, and All Around What a week. A seemingly minor pullback began last Thursday after some weaker-than-expected U.S. manufacturing data, which was exacerbated by a weaker-than-expected Jobs report on Friday, and then the whammy of major stock market volatility in Japan over the weekend sent the S&P volatility index (VIX) to 65 on Monday…Read more
