The S&P 500 Index has recorded more than 150 new all-time highs since eclipsing its previous peak in late-March of 2013. In 2017 alone there have been 30 new record highs through the end of last week. To put this into perspective, there were only 13 new highs for the entire decade of the 2000s. When you combine a stock ...

`The Federal Reserve has an opportunity to test a hypothesis critical to the health of the US economy: Can persistently loose monetary policy boost the pace of productivity growth? Sadly, for now, an adherence to a strict Phillips curve framework for the economy and fear of financial instability will prevent the Fed from venturing down this path. Chair Janet Yellen ...

Bloomberg European stocks joined a rally across most Asian equities following three days of losses, though trading volumes were once again depressed. Havens including gold, the yen and bonds retreated even as the likes of Bridgewater Associates’ Ray Dalio said he was reducing risk. The Stoxx Europe 600 Index rebounded from the lowest in more than a week as miners ...