Here is a link to a column I penned for the Financial Times. It was just published in the online edition, and it will appear tomorrow in the print edition. It is a synthesis of my last two commentaries on overly emotional markets. Good luck trading. ______________...
With the markets calming, I have not written in a couple weeks. That said, during the chaos of April and early May, I wrote much more than usual. And in each of those past notes, I tried to counter the relentless negativity from so many clients, competitors, and...
Towards the end of the 1987 movie classic Wall Street, as BlueStar Airlines stock was collapsing, a calm Bud Fox enters into the following telephone exchange with an emotional Gordon Gekko: Bud: "You once told me don’t get emotional about stock, Gordon. Don’t. The bid...
Away from all the “we are in recession now” folks choking on their breakfast sandwiches just after Friday's strong payroll release, a sleepy currency pair was lurching onto the financial market center stage. The Taiwan dollar, which almost always trades in highly...
Like many folks, I did not expect the opening gambit in tariff negotiations to be so extreme. In retrospect, I suppose Trump's time-tested “art of the deal” approach should have had us all more prepared for that posterboard back on April 2nd. After all, his style has...
I can't help but chuckle when I see so many spun-out financial market professionals opine on the cataclysmic risks associated with threats to Fed independence. The idea that "The Creature from Jekyll Island" has somehow not been contaminated by the swamp that...
There have been a few days of calm since the largest weekly rise for US long-term interest rates in over 40 years. To see such a move, along with a sharp weakening in the dollar, during a period of equity and credit market stress, is extraordinarily unusual. For...
On September 22,1985 the Plaza Accord went into effect to stem the deep trade imbalances existing between the US, Japan, and Western Europe. Once again, beginning a week ago Thursday, the US made initial moves to rebalance an unlevel global trade playing field. This...
Please join Jefferies Chief Market Strategist, David Zervos, for a discussion on how Trump’s attack on mercantilist trade policies will likely impact global financial markets and geopolitics. By bringing over 70 countries to the table to rebalance a broken global...
I generally draft a few bullet points for my TV hits before going on air. Given all the market madness, I thought I would share them with readers this morning so as to give everyone a better idea of where my head is after the last 3 trading sessions. ______ Notes for...
I generally draft a few bullet points for my TV hits before going on air. Given all the market madness, I thought I would share them with readers this morning so as to give everyone a better idea of where my head is after the last 3 trading sessions. ______ Notes for CNBC: Making sense […]
