Retail Investor Mania Fizzles In Unforgiving 2022
Remember the retail investor mania? For a few months in early 2021, Reddit residents and gamers-turned Robinhood addicts pretended they’d usurped Wall Street and conquered
Remember the retail investor mania? For a few months in early 2021, Reddit residents and gamers-turned Robinhood addicts pretended they’d usurped Wall Street and conquered
The word “restrictive” showed up just once in the May FOMC minutes, but allusions to front-loading rate hikes and getting policy to neutral sooner rather
Sometimes, Guggenheim’s Scott Minerd is unequivocally correct. Like that time, on February 27, 2020, when he told Bloomberg’s Joe Weisenthal on live television that “this
Over the past 48 hours, the financial media (and Bill Ackman) leaped at comments from Raphael Bostic who, earlier this week, gently suggested the Fed
As the old adage goes, “Nordstrom giveth and Dick’s taketh away.” Shares of the former were higher Wednesday, after luxury shoppers helped the storied department
The knives are still out for policy doves globally, notwithstanding the first nods to a potential “pause” in the Fed’s hiking cycle in September. New
“There is no prospect for a material reduction in inflation unless the Fed aggressively raises rates, or the stock market crashes, catalyzing an economic collapse
It finally happened. The US housing market finally cracked. New home sales plunged an astounding 16.6% in April, government data out Tuesday showed. There’s no
A report showing a veritable plunge in new home sales wasn’t the only US data release to disappoint expectations on Tuesday. Flash reads on S&P
“Better-than-feared” was about all analysts were able to muster on Tuesday, when Best Buy cut guidance and described efforts to “proactively navigate” what CFO Matt
Goldman knows just what the market needs to hear in order to rebound sustainably. Spoiler alert: It’s an incrementally less hawkish Fed, if not an
It wasn’t so long ago — two months, actually — that policymakers in Beijing retained the capacity to engineer monumental equity gains simply by promising
Far be it from me to suggest Snap has a better read on the outlook for the economy than Jamie Dimon, but I’ll admit CEO
In “Trial By Fire: Are Corporate Profits About To Plunge?” I made a casual observation about the size of earnings declines witnessed during recent recessions.
It wasn’t so long ago that the idea of “excess” anything seemed patently absurd. The post-pandemic macro reality is defined by shortages, after all. Shortages