Weekly: Bonds Call Time-Out
I’m both a rally skeptic and not. I harbor a deeply-engrained pessimism about more or
Are Chip Stocks The Biggest Bubble Since 1700?
Stop the presses: As of noon on Friday in the US, red-hot semis were on
The Big Squeeze
Thank God for the upper-half of the “K.” I mean, not in the sense that
Stock Rally Menaced Anew By Inflation, Surging Bond Yields
Eventually, stocks will correct. That was one message from BofA’s Michael Hartnett who, in the
The Buyers Were Still Higher
Buyers are still higher in equities. Perhaps you noticed. The S&P headed into the US
Cisco Surge Is Pure Dot-Com Déjà Vu
As if the sense of dot-com déjà vu wasn’t strong enough already. On Thursday, investors
The US Consumer Refuses To Crack
Nominal spending on gas and groceries rose in April in tandem with price increases for
‘Constructive Strategic Stability’
“Collision or even clashes.” That’s what’ll happen in the unfortunate event America “mishandles” the Taiwan
Kevin Warsh Is In A Pickle Already
Not to rub it in or otherwise belabor the point, but Kevin Warsh can forget
War Inflation Triggers Sharp Jump In US Mortgage Rates
Purchase activity in America’s gridlocked US housing market moved up over the last week. Just
Eyebrows Raised, Singed By Scorching Wholesale Inflation Report
“Can you hear me now?” asked the war. Wholesale inflation ran far faster than expected
Iran War Is $29 Billion Quagmire As Trump Heads To China
“Mounting supply losses from the Strait of Hormuz are depleting global oil inventories at a
Don’t Tread On My Buybacks
Anyone tired of the capex boom discussion and the associated debate about the read-across of
Who Feels Bad For Kevin Warsh?
I’d say I feel sorry for Kevin Warsh, except that I don’t. After all, he
Convoluted US Inflation Report Won’t Answer Any Questions
Uh-oh? Core inflation in the US ran faster than expected last month, the BLS said
Is The UK Ungovernable?
It’s back to chaos in the UK. Five days on from a very tough round
Melt-Up Blueprint
The US-Iran ceasefire’s fighting for its life. “After reading that piece of garbage they sent
Escape Artists
I / The void “All I do is keep on running in my own
Home-Buying Season In America Off To Slow Start
Existing home sales in America managed only the smallest of advances in April, the first
Proposals, Counterproposals And More Threats
“Reasonable and generous.” That’s Iran’s counter-proposal to Donald Trump’s terms for ending the war. The
‘Matter Of When’: Core CPI, Real Spending On Borrowed Time
It’s inflation week in the US, where the BLS’s headline, all-items price gauge is likely
Mission Impossible
A week ago I asked if market participants should take Kevin Warsh at his word
Weekly: Is The Stock Rally ‘Irrational’?
Six weeks, 17% (intraday low-to-high) on the S&P and 11 new records later (“These go
ChatGPT Sparks Second Bay Area Luxury Boom
AI’s beginning to have a significant effect on tech-sector employment. Tech firms announced more than
The Madness Of Melt-Ups
US equities hit new records on payrolls Friday, scoring a sixth consecutive weekly gain in
Trump Beats His Own Dubious ‘Vibecession’ Record
A US recession’s nowhere in sight, or at least not according to government and private-sector
US Jobs Report Doubles Up Consensus
Headline US hiring slowed last month from March’s brisk pace, but nevertheless managed to double
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