‘The Macro Backdrop’
The bad news is, pervasive uncertainty around “the macro backdrop” — a polite euphemism for
Former Bear Sees A Potential Problem For Stocks
The outlook for US equities remains constructive, but a veritable collapse in a key measure
Warsh’s Position Is Untenable Already
Kevin Warsh is between a rock and a hard place. I’d say I feel bad
Oil Boils The Frogs
No respite. For besieged US Treasurys, I mean. Yields rose across the curve in the
High Macro Drama
This’ll be a busy week on the US macro front, where a packed data docket
For Treasurys, A Month To Remember. And Forget.
One way or another, September will be remembered as a pivotal month for US government
Here’s Hoping Past Isn’t Precedent
With allowances for the pressing nature of concerns about the next phase of the Iran
After The Midterms, Fire And Fury?
When Donald Trump addressed the UN General Assembly this week, he was adamant that the
Weekly: Playing Politics
A diesel crisis, an unpopular war in the Mideast (is there another kind of Mideast
What Bursts The Bubble: Democrats And Bonds
How does it all end?! Spoiler alert: You get diagnosed with a terminal disease. Or
Ok, Seriously: How Long Before Bonds Break Stocks?
Color me amazed (and grateful as a long-only investor) that US equities continue to hold
Force Majeure For The AI Era
I wouldn’t have been surprised to see “force majeure” in the news this week, assuming
May As Well Buy New
Well, at least the new homes are selling. Sort of. Volatile government data released on
Since 2004…
Forget “since 2007.” That’s so, um, so earlier this month. It’s all about “since 2004”
In Bond Land, A Meltdown
September 23, 2026, was a very, very rough day for Treasurys. So rough, in fact,
‘Clearly Booming’ US Economy Reignites Bond Selloff
The world’s largest economy is booming, apparently. In the normal course of things, I don’t
Knock, Knock. Who’s There? 7%!
Yikes! Here’s hoping you weren’t counting on Donald Trump and Scott Bessent to deliver on
The Diesel Question
“It’s a gimmick.” That’s what John Cornyn thinks about banning diesel exports, an idea Donald
Yeah, But Can It Draw A LEGO?
On Tuesday, I asked ChatGPT to draw for me a new version of an old
WTF: Buyer’s Market, Higher Prices?
Remember: It’s only a buyer’s market if you can afford to buy. US home prices
‘Do I Annihilate Iran, Drive Them Into Hell?’ Nobel Hopeful Asks
If Iran’s allowed to rebuild, they could “create a far greater country” than they’ve ever
‘Let The Oil Flow!’ Again!
Hope, like oil, floats. Brent was on track Tuesday for a fifth consecutive decline amid
There’s A Lot Riding On The Chips…
Here’s a notable statistic: A quarter of this year’s blockbuster earnings growth for semiconductors is
The Fed’s Never Been This Sure About The Jobs Market
No one who participated in the FOMC’s latest macro forecasting exercise viewed risks to the
Erstwhile Bear Confident In Year-End Stock Rally
“Wiiiiiilssoooon!!!” I can’t do it. Not anymore. I can’t start a Mike Wilson article without
Wall Street’s Fata Morgana Risk
Over the weekend, while editorializing for the nth time in 10 years about equities’ pain
A King In Washington
Donald Trump will host his “good friend” Xi Jinping in Washington this week for a
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