Ultimately, we think the sell-off will prove transient and that the relationship of real yields to gold observed over the past decade will prevail.

President Trump has opened a new front in the cold currency war.

The modified ruling triggered sharp rebounds for the names hurt most by FERC’s March policy announcement.

Whether or not the Federal Reserve will stick to its planned rate-hike path is a key question for financial markets.

Despite similarities with the 2015 devaluation, the global fallout will likely be more limited.

In Europe, the secular risks appear to be materializing more quickly than expected, particularly in Italy.

While larger companies in China should withstand the impact of tariffs, smaller enterprises and other, open Asian economies could suffer.