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Greed and fear in the global stock market

Greed and fear in the global stock market

by | Nov 21, 2017 | The Macro View

US and global equities surged on news that the US House of Representatives passed the tax reform bill, Cisco and Walmart posted blowout earnings and a potential bidding war emerged for Fox’s media assets. The rally on Thursday followed a week of carnage in the US high...
Saudi Arabia and the age of shale

Saudi Arabia and the age of shale

by | May 30, 2017 | The Macro View

Saudi Arabia engineered a short covering rally and cyclical bottom in Brent crude with its 15 May agreement with Russia to roll over last November’s oil output cuts for another nine months. The kingdom has, in essence, resumed its traditional role as the ‘swing...