CME Group

Using AI to analyze financial markets

About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports…

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What’s Ailing Norway’s Krone?

Even compared to oil and other European currencies, however, NOK has been an underperformer, especially in the past five years.  This is true versus the Swedish krona (SEK) (Figure 2), euro (EUR) (Figure 3) and the British pound (GBP) (Figure 4).  The reasons for NOK’s underperformance can’t be blamed on the usual suspects: central bank…

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Negative Rates: An Option in Fed's Playbook?

About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports…

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Negative Rates: Not The Gift That Keeps On Giving

Overall, it appears that negative interest rates did not consistently weaken the trade weighted value of the four currencies, and in some cases may have, inadvertently, made them stronger. Moreover, it appears that negative interest rates have failed to boost inflation rates closer to central bank targets. Finally, negative rates have not lead to any…

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What's Next for Interest Rates, Equities and Gold?

About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports…

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Are We Underestimating Real GDP Growth?

About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports…

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Gold and Silver Options Pointing to a Pullback?

For both gold and silver options, a two-year rolling diffusion index of their risk reversal skewness (0.15Δ OTM call – 0.15Δ OTM put implied volatility) got into the 99th percentile (Figures 3 and 4).  During the past decade, when skewness has achieved extreme levels by the standards of the previous two-year period, gold and silver…

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When Will Sweden’s Sinking Krona Hit Bottom?

Superficially, Sweden’s economy looks similar to that of the eurozone.  Both the Riksbank and the European Central Bank (ECB) had dabbled with negative deposit rates (Figure 2).  The negative deposit rates haven’t improved the pace of economic growth in either case. Swedish and eurozone GDP growth rates have been similar since 2016 and both Sweden…

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Will Trade War Slow Third Quarter Earnings Growth?

About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports…

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Oil's Changing Supply Landscape

About the Presenter Erik Norland is Executive Director and Senior Economist of CME Group. He is responsible for generating economic analysis on global financial markets by identifying emerging trends, evaluating economic factors and forecasting their impact on CME Group and the company’s business strategy, and upon those who trade in its various markets. He is…

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