Graham Summers

Graham Summers is Chief Market Strategist for Phoenix Capital Research, an independent investment research firm based in the Washington DC-metro area with clients in 56 countries around the world.

Graham’s clients include over 20,000 retail investors as well as strategists at some of the largest financial institutions in the world (Morgan Stanley, Merrill Lynch, Royal Bank of Scotland, UBS, and Raymond James to name a few). His views on business and investing has been featured in RollingStone magazine, The New York Post, CNN Money, Crain’s New York Business, the National Review, Thomson Reuters, the Glenn Beck Show and more.

Articles by Graham Summers

This 2017 year was the year that the financial system moved from fearing deflation to expecting inflation. You can see this in the breakout in inflation expectations. From 2013 until mid-2016, the financial system’s expectations of future...
They finally did it. Since 2008, Central Banks have been desperately trying to generate inflation. They know they cannot produce growth (hence why both the Fed and the ECB abandoned this as a goal in their statements back in 2013)… so they...
Something truly massive happened in early 2017. That “something” was the market shifted from deflation towards an inflationary outlook. If you don’t believe me, you can see for yourself.
According to the Wall Street Journal, Jerome Powell will be the next Fed Chair. Whether or not this is fact is difficult to tell. Neither the White House nor Powell himself has confirmed the news.
ECB President Mario Draghi is now walking back QE. This is not a surprise to our readers. I’ve been forecasting this exact development, (as well as the Euro's spike to 120) since August 2016 (by the way, the Euro was at 109 back then...
While the financial media “high fives” over stocks hitting new high, something far more important is brewing in the bond markets. Bonds are the “smart money” in the financial system. The bond markets are not only much larger, but much more...
The market is on the verge of something serious. For months we’ve been climbing steadily in a tighter range. Stocks have been BEYOND overbought having gone 300 days without even a 3% pullback.
The Fed is no longer even trying to hide the fact that it WANTS inflation. In the last month, the Fed has attempted to feign ignorance about the true nature of inflation. Fed Chair Janet Yellen even went so far as to claim the Fed doesn’t...
The Fed is baffled as to why inflation remains so low. It’s a clever move, given that the reason inflation is believed to be “low” is because the Fed has been purposefully understating inflation for years.
The Fed is dramatically understating real inflation. As you know, I’ve been very critical of the Fed’s inflation measures for years. The official inflation measure (Consumer Price Index or CPI) does a horrible job of measuring the actual...

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India and the U.S. trump Italy as top gold jewelry exporters.