Two Steps Forward, One Step Back

The U.S. and many world market indices were looking at modest gains until they ran headlong into the month of June, when a variety of concerns came together to drive prices lower pretty much everywhere in the world.  If you look at the MSCI Developed Markets report,...

The Nudge that Roared

What does the end of the Fed’s QE2 initiative mean for the markets and the economy? President Obama’s speech on Afghanistan collected most of the headlines, but Fed Chairman Ben Bernanke’s press conference the same evening was, for some economists,...