Mandatory Action Verbs
“Nobody actually has a very good handle on where near-term inflation prints will land, and it’s thrown everyone off their game,” one managing partner at
Shaking The Edifice
Although things had an “all’s well that ends well” feel to them by Friday afternoon, when rates had largely stabilized and US equities were busy
Israeli Military Sends Loud Message To International Media
On Saturday, an Israeli airstrike targeted a tower housing the offices of various media outlets in Gaza City. The video (below) shows the moment the
Goldman Raises S&P Profit Forecast After ‘Stellar’ Q1
Consensus expected corporate profits in the US to rise 20% YoY during the first quarter. Instead, they rose 46% (figure below). With 90% of the
Genie Bottle
All’s well that ends well. For those fortunate enough to own equities, that is. If, on the other hand, you’re Joe Everyman or Plain Jane,
What Happens To Jerome Powell If Inflation Spirals?
“Macro vol is back,” Deutsche Bank’s Alan Ruskin declared, following this week’s shocking CPI report, which represented the second consecutive top-tier “jaw-dropper” (to quote Christopher
Inflation Expectations Skyrocket, Knee-Capping Sentiment
Consumer sentiment unexpectedly soured in May, the preliminary read on the University of Michigan’s gauge showed. At 82.8, the headline print missed expectations and represented
Halfway To $1 Trillion And A Trio Of Summer Calls
If you were wondering whether inflation worries and the stunning miss on US nonfarm payrolls left investors averse to stocks (as an asset class), the
US Retail Sales Suffer Stimulus Hangover
US retail sales were unchanged in April, data out Friday showed. Consensus expected a 1% gain. The disappointing read on consumption comes on the heels
Cashing Out
“Thanks for everything, but I’ll be leaving now. I’m a crypto magnate.” Is what Aziz McMahon, Goldman’s (former) managing director and head of emerging market
‘That Thud You Heard’
“That thud you heard last Friday was the jaw of every forecaster hitting the floor,” Christopher Waller said Thursday, during remarks for a webcast at
Bitcoin Crowd Learns God Can Be Cruel
In late January, when you could grab some Dogecoin for the “bargain” price of $0.06, one analyst lamented the extent to which markets were “turning
Is Modern Market Structure Ready For A Macro Regime Shift?
On several fronts, one could argue that uncertainty has diminished materially over the last few months. Notwithstanding the notion that achieving herd immunity is now
More Inflation, Less Joblessness
Producer prices rose twice as much as expected in April, another round of inflation data out of the US showed. PPI rose 0.6% last month,
Welcome To The Hyperinflation Era. Did You Buy Bread Yet?
Welcome to the first day of the hyperinflation era in the US. I’m just kidding. But that’s the vibe you get when you peruse a
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