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By Doris Frankel and Angela Moon CHICAGO/NEW YORK (Reuters) – Apple Inc has been in many ways an unstoppable stock, and that has been even more the case after earnings. Going back eight years, on the day after the release … Continue reading →

Lately I have been receiving a lot of questions regarding the yuan as a real competitor to the US dollar. There is a lot of hype on this topic, written primarily by those who don’t understand the full picture; but … Continue reading →

Steady credit while equity and commodity markets have wobbled recently, credit has remained remarkably steady. Given low spreads and underlying interest rates, credit valuations might seem expensive, especially relative to equities. But we highlight that market-implied default rates suggest investors … Continue reading →

Market Leadership in the Soft Patch While the S&P 500 is down only 2.2% from its recent peak, the tone of the market has turned substantially more cautious. This is evident in the recent outperformance of defensive sectors, described earlier. It is … Continue reading →

Financial Pacific – Daily Market Update
U.S. stocks declined, as investors grew more concerned that Greece will default on its debt and reduced earnings forecasts undermined confidence in the economy. Continue reading →