Stocks were mixed last week, with European stocks turning in the best performance of the week, and Japanese stocks the worst. Tech stocks drove the NASDAQ higher, with the DJIA and Russell 2000 losing ground. Treasuries and gold were better bid. The catalysts were US economic data and several important central bank decisions, all of which were as expected. The coming weeks will be holiday-shortened.

None of the three major central banks that had monetary policy meetings this week – including the Fed, the BoE and the BoJ – changed their monetary policy approach, although central banks in Switzerland, Sweden and Norway all eased. Markets remain slightly on edge because of the growing Middle East conflict.

Markets continued to stabilise this week, at least as far as risk assets including global equities and BTC. Other assets moved sideways.

Most focus this week was on the FOMC decision, which was initially viewed as slightly dovish before reality sat in. Markets were mixed.

Last week was the second week running that the start of the week was characterised by turmoil, this time caused by tariff threats.  Mr...

Confident that another stellar year for U.S. stocks was coming to a close, investors were jolted from their complacency when the Federal...

Equities were better in the US and Europe. UST yields were marginally changed. Gold and Bitcoin soared to record highs. The Dollar was up

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

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?