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2015 was a year of tremendous political and economic volatility including continued stale mate of the Greek debt crisis reforms (The Greek Impact on Stock Markets), the Chinese stock market summer crash, plummeting oil prices (Do Oil Prices Foreshadow a Slump in US Stock Markets?) and repeated terrorists attacks from Paris to Nigeria and Lebanon. Yet US stockmarkets largely weathered the volatility

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unnamed

Greetings, It shouldn’t come as a surprise to our readers that we begin with China once again. Going into the Asia open, the spread between the onshore and the offshore yuan stood at record levels. Source: @tracyalloway Then the PBoC unexpectedly weakened the yuan by most since August (by fixing the midpoint 0.51% weaker than yesterday).

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mj16

I love New Year’s Day. It’s a tabula rasa. A wide expanse of pristine sand with no footprints. There are no victories to celebrate (except avoiding Uber surge pricing), but also no defeats. Indeed, on January 1st, my resolutions are strong and, as yet, unbroken. Optimism is high and my natural cynicism has yet to

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