Oil’s new challenges and did QE boost gold, silver and tech stocks?

Oil’s new challenges and did QE boost gold, silver, and tech stocks? By Erik Norland, Senior Economist, CME Group New Layers of Uncertainty in Oil Consumer spending in transportation sector 45% below pre-pandemic level. Oil demand also hurt by airline traffic, remaining 70% below normal. Energy demand hinges on how virus courses through global economy. … Read More

Research: Rebound loses pace and virus sways FX

Rebound loses pace and virus sways FX By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group State of the US Economic Recovery in Real Time Brisk recovery in May and June slowed from July to early September. Entertainment and recreation sector remains down 60% from a year ago. Restaurants and hotels regain … Read More

Watch: Downtown downturn and Fed, economy, and equities pull back

Downtown downturn and Fed, economy, and equities pull back By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group The Pandemic’s Downtown Downturn NYC weekday commuter traffic is down 75% from pre-pandemic levels. Losses mount for downtown businesses that depend on office workers. Businesses likely to shrink their office footprints, cut travel budgets. … Read More

Sector rotation in equities & did Abenomics succeed?

Sector rotation in equities & did Abenomics succeed? By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Sector Rotation in Equities October could be a volatile month for equity markets. September started with aggressive rotation out of tech stocks. Rebalancing tied to reducing risk and booking profits, or tempering losses. Options strategy … Read More

Shifting dollar sentiment and what really drives US-Canada FX?

Shifting dollar sentiment and what really drives US-Canada FX? By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group US-Canada FX Gyrates With Commodities, Pandemic Traditional economic data doesn’t fully explain CAD/USD fluctuations. Both nations have many economic similarities such as low, stable inflation. Canadian dollar has closely tracked commodity prices for two … Read More