Last week started with the US dollar seemingly set to extend lower after a weak April jobs report, but a US April CPI spike on Wednesday sent the action back in the opposite direction. This move then yielded to USD weakening into the end of last week on a rising...

Prepare for another intense week ahead. European sovereigns are selling off as the market digest news that the Hungarian central Banks may hike the benchmark rate next month. Italian BTPS lead losses as the market fears that the ECB will taper PEPP purchases in June. Under the PEPP Program, Italian...

US equities are valued at rather high equity valuations compared to history, but are they expensive when they are compared to bonds?Almost 11 years as a professional in this industry has taught me that most investors rarely think their arguments to the end and apply statistics in a questionable way....

Futures positions and changes made by hedge funds across commodities, forex, bonds and stock indices up until last Tuesday, May 11. A week where renewed inflation fears ahead of U.S. CPI pushed the S&P 500 to a one-month low, the dollar lower and US 10-year breakeven yields to a fresh...

Today we look at the high degree of correlation between US equities and US treasuries and why this is cause for discomfort, note recent surges in inflation readings and inflation expectations as a sign of an inflationary cycle igniting. We also discuss weakness, however, in major commodities since mid-last week,...

Summary: US equities closed last week atop a very sharp two-day comeback after a prior steep sell-off, with the mood in Asia mixed to start the week as Taiwan and Japan struggled, while mainland Chinese shares rallied sharply again after avoiding several attempts at breaking down through key support last...