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Posts by Karl Schamotta

Market Wire
US Payrolls Fall 701,000, Smashing Forecasts

Karl Schamotta April 3, 2020

The United States lost 701,000 jobs and the unemployment rate spiked to 44% last month – even before the spread of coronavirus forced many regional... read more

Market Wire
Oil Prices Skyrocket on Purported Saudi-Russia Pact

Karl Schamotta April 2, 2020

Global oil prices have surged more than 30% in the last hour, on hopes for significant output cuts from Saudi Arabia and Russia Amid a historic... read more

Market Wire:
US Jobless Claims Hit Record 3.28 Million

Karl Schamotta March 26, 2020

The number of Americans filing for unemployment benefits hit a record 328 million last week, suggesting that the world’s largest economy has hit a... read more

Market Wire
US Senate Agrees $2 Trillion Stimulus Bill, Supporting Currency Market Reversal

Karl Schamotta March 25, 2020

The dollar is falling and markets are rallying after the US Senate agreed to an unprecedentedly massive $2 trillion economic stimulus package earlier... read more

Market Wire
Markets Plunge as Governments Flail

Karl Schamotta March 18, 2020

Stocks, bonds and currencies suffered another bout of volatility this afternoon after President Trump said he would invoke the Defense Production Act... read more

Market Wire
Blockbuster Jobs Reports Fail to Disinfect Markets

Karl Schamotta March 6, 2020

If two blockbuster North American employment reports fall in the middle of a coronavirus epidemic, do they make a sound The answer, apparently, is... read more

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Karl Schamotta

Chief Market Strategist, North America

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Karl leads Cambridge’s currency research group, focused on analyzing shifts in the world economy and creating strategies that help businesses ...

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