The question of valuations was apparently answered recently, as stock prices fell sharply despite a very favorable psychological kick-off to the US earnings cycle.
Trend in Chinese Economy Impacting Physical Commodity Markets
The track of the US economy is important, but seeing a trend of better economic news from China is probably more important to physical commodity markets.
Euro Zone is Openly Concerned About Deflationary Pressures
The Fed managed to extend the pattern of new highs in global equities by maintaining its old stance and simply reiterating the prospect for rates to remain at low levels for an extended period of time.
More Questions on the Sustainability and Propagation of Forward Growth
It would seem like US and global equity markets have finally come to grips with the less than anticipated rate of recovery, the fear of overvaluations and a rising measure of uncertainty toward the Middle East and oil prices.
Improving US Economy Looks to Be a Negative For Commodity Prices
Macroeconomic recovery prospects were improved by the actions of the ECB last week, even if the action was months and perhaps years late in coming.
The Pace of US Growth is Too Soft
Another month has drawn to a close, and US economic data has continued to be mixed and largely disappointing to the trade.
Are We Closer to Sustained Forward Progress?
It seems that every positive report is matched up with a disappointing one, and with residual strength in Treasuries emerging at the drop of a hat, we think the marketplace has become a little jaded to actual recovery progress in the US.
Global Economic Progress is Faltering
Global economic progress is apparently faltering, and noted fund managers are warning against having “too much equity market exposure.”
Soaring Treasuries Suggesting US Recovery is Not Sustainable
The US and Global Economies Showing Better Results
Into the end of April, the US economy was clawing its way toward self-propagating growth, but clearly recent growth has not been strong enough.