TJM’s Latest Commentary

FX Morning Commentary 8/29/17

Good Morning. Yet another missile launch from N Korea set off a selloff in risk overnight that took global equity indices aggressively lower, fixed income markets higher and also helped keep a nice bid to Gold(+.88%) and Silver(+.46%). In currencies, … Continue reading

Buckle Up 4/19/17

It wouldn’t be believed if it wasn’t happening right in front of my face. And if past performance is indicative of future results – nothing will come out of Congress. The President has enough problems on his plate. I have … Continue reading

TJM FX Commentary 7/18/17

Good Morning.  Price action was quite good overnight as several pieces of news catalyzed some real nice volatility.   The US Dollar is broadly weaker here this morning as the US wakes up to another failed attempt by the Trump Administration … Continue reading

It’s a funny old world we live in today 6/8/17

It’s a funny old world we live in today – and at times, not so funny at all. As I write this piece, it is the first time that I have been in the office since last Friday the 2nd … Continue reading

Give Ourselves a Small Pat on the Back 5/12/17

Ok. That was it. 211k. Give ourselves a small pat on the back. The expectation was for a non-farm jobs number of 190k. We beat it by 21k. I guess that is a good thing but have we really dumbed … Continue reading

Sometimes You Feel Like Quoting Yogi Berra 4/7/17

Sometimes you feel like quoting Yogi Berra – its Déjà vu all over again. The market continues to lurch from one headline to another. Waiting for new news and moving in a binary way. At times, it feels like it … Continue reading

Rubber Meets the Road 3/31/17

Well, we still are waiting for the ‘rubber to meet the road’. A lot of stuff has met the windshield and it’s pretty messy to scrape off. This equity market is so focused on an ‘impending’ sell off that it … Continue reading

So now the rubber has to hit the road 3/17/17

So now the rubber has to hit the road. One of my fears is manifesting itself as we speak and the knock on effects may be felt in many other sectors. From time to time I have written about my … Continue reading

And the plot thickens 3/10/17

And the plot thickens. Over the last weekend the twittersphere exploded with Donald Trump accusing the last administration of spying. This obviously rattle some cages and we will see where the dust settles in due time. The interesting bit here … Continue reading

Happy March- 3/3/17

Happy March  – I waited up to watch the President’s speech last night. There was not a lot policy substance but it sure seems like the market is breathing a sigh of relief today as the equity futures are pointing … Continue reading