Debbie Downers Amid The Renaissance
Ok, whaddawe got goin’ on here, some macro I have to cover? Choices, choices. Tempting
Sell-Side Sarcasm: New And Improved!
Everybody relax, Mike Wilson says it’s gonna be ok. That’s sarcasm, obviously, but if you
Let’s Talk Blue Waves
This week, Americans will pretend they still have a say in who governs them, and
Polls, Projectiles And Payrolls
The marquee event this week is obviously the US midterms. You can read my (deliberately
Weekly: The Leveraged Buildout (Speculative Gravity Control)
Nobody likes to hear “I told you so,” even when it comes from someone, in
The Problem, In A Nutshell…
Investors are genuinely concerned that these companies are in the midst of destroying some of
What’s What And WTF?
Alphabet was on track Friday for its worst week since March of 2020, during the
Oil, Dammit!
Oil, goddammit! Oil. I remember chatting about it (oil) early in 2020 with a guy
The Arbitrageur
I’m (not) rich “All’s well that ends well. I mean, I’m rich now. So
My Goodness: Amazon Spent Some Money
Cue the Ren & Stimpy horse: “No sir, I don’t like it.” Amazon said after
Lagarde Versus Le Pen?
I’m not going to pretend any of you care about Christine Lagarde’s “early” exit from
‘Remains Elevated’
Inflation. It’s high. “Remains elevated,” as the Fed puts it in every FOMC statement, as
Dissembling Strategery
Dissembling. That’s one word — and probably the only one you need — to describe
Alphabet Whiffs, Microsoft Hits
Big numbers, everybody. Big numbers. Alphabet and Microsoft reported quarterly results after the bell on
Mona Lisa’s Smirk
The Kevin Warsh Fed, which is so committed to restoring price stability as defined by
An ARM And A Leg
Congratulations to Donald Trump and Scott Bessent on a — checks notes — 13bps drop
The Tragic Irony Of The Israeli State
I won’t bury the lede. The tragic irony of the Israeli state is that it’s
F-ck You, Claude (Zen)
On Tuesday morning, in what I can only describe as an egregious error of judgment,
Frozen Bubble
They bought some new homes last month. I don’t know for the life of me
It’s All Relative
“WOW! Consumer confidence up BIG! Thank you President Trump!” That’s what I’d say on my
Around, Around We Go
Deals, deals everywhere. Most of them circular. What could go wrong? On Tuesday, in the
Anthropic: The Promise, The Numbers, The Risks
We believe that AI is one of the most consequential technologies in human history. If
Only You Can Prevent A Bear Market
You better keep buying. Buying stocks, I mean. Because while the corporate bid’s still huge
It’s A Big Week
It’s gonna be a big week. Who’s excited?! No, seriously. This is a crucial week
Credit Canaries
In addition to a smorgasbord of macro data, a Fed meeting and earnings reports from
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