March 2015 Global Macro Recap

Things are looking pretty positive for the US economy – economists generally expect a slow Q1 GDP but that is in the past – look only forward!  Cold weather is behind us, a strong dollar is keeping inflation low and low unemployment painted a pretty picture.  The biggest US news…

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February 2015 Global Macro Recap

After January’s big surprises, February’s news looks decidedly tepid.  The US continued to roll along at a moderate pace, helped by low energy prices from the consumption side, though threatened by the coldest February on record.  At least the “Polar Vortex” mania was slightly more moderate than last year’s “Sharknado”-style…

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January 2015 Global Macro Recap

January was a month full of surprises:  some met with cheers, some induced panic.  The United States’ big news was the Q4 2014 GDP growth figure, which, while decently positive, was notably below expectations.  +2.6% is a number Europe would kill for but against high expectations around lower gasoline costs…

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What happened to the Swiss Franc last night?

January 15th, 2015: The Swiss Franc gained 30% overnight against the Euro, and was up as much as 39% against both the euro and the dollar at one point.  This is a VERY large move in the currencies sector, and not one you normally see in a globally held currency…

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