From the Desk of Victor Adair

From the Desk of Drew Zimmerman

From the Desk of Victor Adair

“Politics” is increasingly on a collision course with Central Banks…and  that may be become the “new” most important driver of world markets.

From the Desk of Victor Adair

The 4 month trend to lower interest rates accelerated last week and again this week…super-charged by a more-dovish-than-expected Fed with markets now pricing in a good chance that the Fed will CUT interest rates this year. There is now ~US$ 11 Trillion worth of Sovereign debt around the world trading at a negative yield.

From the Desk of Victor Adair

As Good As It Gets? The Fed was even-more-dovish-than-expected Wednesday…signaling that they would not raise interest rates again this year and that they would slow their balance sheet runoff in May…then stop it in September. Stocks, bonds and gold jumped on the news while the US Dollar tumbled.

From the Desk of Victor Adair

From the Desk of Victor Adair

David Rosenberg said it all in one sentence this morning: “The (economic) data flow globally continues to weaken but the markets don’t really seem to care much, knowing that central banks have their backs.”

From the Desk of Victor Adair

From the Desk of Victor Adair