Let's not get too excited about this equity rally

The market has shown new strength on slightly better economic data, increasing oil prices, and continued increased monetary liquidity, but c...

Global macro opportunity landscape

If you are an allocator to global macro strategies, you have to make some assessments on the relative opportunities across asset classes. Ch...

Global macro surprises for 2016 - The Fed and risk aversion

Instead of predictions of what will happen, it may be a good idea to talk about where there will be surprises. A surprise is an event that i...

The three big global macro questions for 2016

Computers are boring. They only give answers. - Pablo Picasso Predictions for the new year are about the same. They only give answers for wh...

Secondary effects and the oil price shock

The oil price shock is affecting the oil patch. Companies are going under with most of the defaults in 2015 associated with commodity and en...

Cutting through rhetoric - what is the LEI telling us?

There is economic reality and then there is the rhetoric of talking heads about the economy. Depending on the week, we can hear from Fed off...