Axel Merk | TalkMarkets | Page 2
President & CIO at Merk Investments
Axel Merk is the President and Chief Investment Officer of Merk Investments, manager of the Merk Funds. Follow @AxelMerk on Twitter. Subscribe to Merk Insights for free at more

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Equity Market Chart Book - Wednesday, June 29
The dominant narratives are extremely pessimistic right now, so it might not take much for the glass to go from half empty to half full.
Business Cycle Chart Book - Wednesday, June 8
Looking at the global growth cycle picture, global manufacturing PMIs are converging together in the low 50s. The lowest readings are moving higher and the highest readings are moving lower.
Is Stagflation Risk Real?
The risk of stagflation could increase because the Fed may need to induce a recession, but might be unable to contain inflation.
Equity Market Chart Book - Wednesday, Feb. 23
Stress remains in the market. The medium/longer-term prospects of the bull market likely benefit from a further correction in terms of depth or duration.
Black Swan Investing – How To Survive/Thrive?
Black Swans in financial markets are rare, extreme events. How do you survive, possibly even thrive when the unthinkable happens?
Fed Chart Book
The Fed’s monetary policy has important implications for the bond, stock, and currency markets, and the economic cycle generally.
Fed Report
The Fed’s monetary policy has important implications for the bond, stock, and currency markets, and the economic cycle generally. In this report I track the data that I think Fed officials are most focused on.
What’s Next For The Dollar, Gold, Stocks & Bonds?
As we are approaching the end of the economic expansion, will king dollar be de-throned? In favor of a weaker dollar is an expectation of lower rates ahead, especially given the run up in recent years.
Fed Chart Book - Wednesday, December 19
The Fed’s monetary policy has important implications for the bond, stock, and currency markets, and the economic cycle generally.
U.S. Business Cycle For December 2018
Most indicators are still positive, with the exception of some longer-term indicators that look negative- suggesting that we are in the late part of the cycle.
U.S. Equity Market Review - Wednesday, Nov. 14
Some measures of market breadth are not far from levels that are historically consistent with major market tops.
The Federal Reserve: Chart Book
Four rate hikes this year (three already done) and three rate hikes next year, would bring the federal funds rate to 3.25%. That is the rate path suggested by the median Fed estimates on the Summary of Economic Projections Dot Plot from September.
U.S. Business Cycle For November 2018
Recession risk over roughly the 1-5 year period has likely increased with measures suggesting the economy is potentially operating above capacity, namely the output gap and labor force capacity utilization.
The U.S. Equity Market
The business cycle backdrop and financial conditions still look very positive for the US equity market, however, some measures of market breadth are showing weakness and are not far from levels that are historically consistent with major market tops.
The Business Cycle For October 2018
At elevated levels consumer confidence measures can act as a contrarian indicator.
Italy And The Euro – Unplugged
Italy’s annual budget deficit has been shrinking for several years, most recently at 2.3%
17 to 32 of 73 Posts