Blog

German Banks: Cutting Off Nose to Spite Face August 07, 2019

By Steven Vannelli, CFA in Economy

Today Germany’s second largest bank, Commerzbank, reported a fourth straight quarter of falling revenue and projected lower profit for the year, suggesting clients have been impacted by trade tensions. Chief Executive Officer Martin Zielke describes the situation: “Despite all the successes we have made, challenges…

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Bad News is Good News on Payroll Friday July 03, 2019

By Bryce Coward, CFA in Economy, Markets

All eyes will be on the payroll report on Friday for clues about what it means for the Fed’s next move. Indeed, the payroll report will be the most important US economic data point between now and the Fed’s next meeting at the end of…

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Is the Fed Already Behind the Curve? June 27, 2019

By Bryce Coward, CFA in Economy

To cut or not to cut is no longer the question. Now the question is the quantity, magnitude and timing of rate cuts for the rest of the year. This week was an important one in that we were privy to several important Fed speeches…

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The Bond Market is Not Impressed with the Fed June 21, 2019

By Bryce Coward, CFA in Markets

On Tuesday of this week we wrote about the four possible scenarios the Fed could adopt in their Wednesday policy decision. In order of most hawkish to most dovish, those scenarios were: Fed does not cut rates and signals that a rate cut may be…

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