Economic effects of the cold are exaggerated -- and so is the threat from emerging markets.

Can't blame the weather this time. But now we're just 8 basis points from the Evans Rule.

They're the best performers in 2014, despite assaults from emerging markets and Germany.

Crisis in Europe avoided. Now we look to the coming year-end tax/debt crisis in the US.

What's improving in the jobs data is what didn't need to improve. The hard tasks remain.

The worst thing that can happen to Europe now is that everything goes perfectly.

Bernanke emerges as a hawkish bulwark on the FOMC: if not for him, we'd have QE3 now.

Spain is Europe's post-crisis laggard. If reform is sustained, it can catch up.

...without Apple, S&P 500 forward earnings wouldn't be at new highs -- they'd be off 2.4%.

The honeymoon is ending for Monti and Rajoy, as labor reforms get politically difficult.