FOREX is in the news, especially as many think the USD has reached its peak and is at an inflection point. What drives FOREX? Read on.

The decade 2010-20 involved a very hands-on approach by the Fed to steer the US economy out of a deep recession. What lessons can be learnt

It is fashionable to espouse the end of the US dollar as the leading global reserve currency, but this will not occur anytime soon.

With oil approaching $100/bbl, it is hard to imagine that demand and supply were so out of line in April 2020 that oil prices went negative!

This is a primer on corporate bonds, investment grade & high yield. It also discusses the pandemic and its effect on the corp bond market.

Given the poor performance of equities so far this year, I wanted to take a quick high level look at valuations of a number of stocks...

I have written about the ARK Invest family of actively-managed ETFs in the past in E-MorningCoffee. You will find this update interesting.

Don't look to fundamentals to explain equity prices today – look to attitudes embedded in acronyms. And don't forget the super-easy Fed!

This article looks at recent performance of and valuation metrics of the FAMAG stocks and four others: SHOP, NVDA, TSLA and NFLX.

The bond market looks to be doing the Fed's dirty work, sending short term yields to post-pandemic highs. Is the Fed being too methodical?

I continue to believe that inflation will be transitory, but supply-push inflation will cause inflation to be higher longer.

Stocks liked the economic data that was released this week, even though it was still light on official data as the US government recovers from its recent closure. Bond investors less happy, as yields gapped higher across the curve. All eyes are now on next week's FOMC meeting, where a 25bps reduction in the Fed Funds rate looks fully priced in.

Risk assets recovered strongly during the holiday-shortened (US Thanksgiving) session, with U.S. stocks leading the way. Japanese and European stocks rallied too. Bitcoin recovered slightly, and gold was higher. The catalyst was mainly growing expectations that the Fed would lower its policy rate at the December FOMC meeting. In the UK, chancellor Rachel Reeves delivered the tax-fuelled budget.

The weekly update covers NVDA's excellent earnings; the A.I. shine which is wearing off; the minutes from the last FOMC meeting (Oct); and the fall of Bitcoin.

The U.S. government reopened this week although – coincidentally or not – U.S. equities swooned. The issue remains full-on valuations of U.S. stocks coupled with growing concerns with the enormous amounts of A.I. spend being put forward by many tech companies.

There are no shortage of investors which think stocks are well over-baked, especially stocks of companies that are directly or indirectly associated with the ongoing A.I. hype.  It has appeared for weeks that this was nothing more than scaremongering as stocks continued their stratospheric rise.  However, the past week saw scepticism start to set in as investor concerns regarding valuations broadened.  Tech stocks led the sell-off, although there were few places to hide as mo

A.I. featured large again last week, mainly because it was the key talking point as five of the Mag 7 companies released earnings with mixed results. The FOMC decision also went as expected, although Mr Powell threw some caution into the wind. Global stock markets took it in stride, but the US Treasury market was less happy as yields rose across the curve. Gold was weaker again, and the US Dollar strengthened.

This is an update of my personal portfolio for the third quarter and YtD. To say the market has been cooperative since the poorly-received "Liberation Day" blanket tariffs would be the mother of all understatements. It wasn't hard – just be long, nearly anything!