A Primer on Equity Futures Circuit Breakers

What are circuit breakers? Circuit breaker limits act as safety nets in unstable financial conditions. They are a set of levels, if breached, the market halts trading for a period of time. For instance, the market will pause after a 7% intraday drop in the S&P 500. Levels are calculated…

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Global Economic Review: January 2020

North America   Q4 US Growth came in at +2.1% annualized for a full-year 2019 growth of +2.3%. This was below 2018’s rate but still decent.  All sectors apart from inventories contributed with a particularly strong showing by net exports which contributed 1.5% annualized – the most since 2009.  The…

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January 2020 Global Commodity Snapshot

Wuhan Virus   Still Early but so far, the virus seems under control apart from the area most deeply affected in China (city of Wuhan / province of Hubei). Information suppression (included redefining the definition of who is technically “infected”) and the uncertainty of those affected but forced to stay…

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January 2020 Sector and Index Performance

During the month of January, the top 3 performing sectors were: Interest Rates (2.27%), Metals (1.89%) and Indices (0.50%). Equity markets began the year hitting all time highs before selling off to almost unchanged. We saw increased volatility as growing threats with Iran and fears of coronavirus disrupted the market.…

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