Rate Hike Threats, Surging Inflation Dominate Headlines
Traders are increasingly convinced that surging prices will force central banks to tighten. And posthaste. Comments from Andrew Bailey over the weekend and a hot
Chinese Economy Decelerates Amid Crises
The Chinese economy decelerated in the third quarter, data out Monday confirmed, validating a chorus of analyst downgrades and underscoring the impact of multiple overlapping
The Hard Truth About The Energy Crisis And Climate Change
The data docket is relatively sparse in the US this week. Housing figures, claims and Markit PMIs aren’t likely to move any needles, leaving traders
Stock Allocations Breach Dot-Com Bubble Highs
Overall equity allocations are at a record high. That probably won’t surprise anyone. After all, where else would you put your money? Remember, there’s no
The Girl With The Black Lab
Serendipity is a funny thing. The Merriam-Webster definition is “the faculty or phenomenon of finding valuable or agreeable things not sought for,” but I rather like
How To Make Sense Of Stocks In Modern Markets
Earlier this month, at least one bank suggested dip-buying, as a strategy, failed following the worst month for US equities since the onset of the
An $8 Trillion Cliff
For now, the market is “cool with” policymakers being behind the curve on inflation. That assessment comes from BofA’s Michael Hartnett who, in the latest
Honeymoon Over: Biden Economic Plan ‘Too Risky,’ Americans Reckon
Consumer sentiment deteriorated anew in October, the preliminary read on the University of Michigan’s gauge for this month showed. After ticking higher from the decade
Goldman Caps Wall Street’s IB Bonanza With Huge Beats
“What does this mean for Goldman?” That was the question on market participants’ minds this week after the bank’s rivals reported blockbuster investment banking results
Somehow, Americans Keep Spending
US retail sales unexpectedly rose in September, data out Friday showed. Although economists expected to see modest retrenchment, spending instead jumped 0.7% last month. The
Evergrande The ‘Controllable’ Demolition
Beijing is aware of the problem. Thankfully, it’s “controllable.” That’s the word the PBoC used Friday to describe Evergrande. With missed payments piling up, the
What’s Albert Edwards Worried About?
The title is a bit of a red herring. If the question is “What’s Albert Edwards worried about?”, the answer is “Everything”. Or almost everything,
Wall Street’s Investment Bankers ‘Firing On All Cylinders’
After a deluge of big bank earnings delivered over what certainly felt like a compressed timeframe, one thing stuck out: IB was strong in Q3.
Breaching 300K
Initial US jobless claims fell below 300,000 last week, a milestone of sorts. 293,000 Americans filed for unemployment benefits in the week to October 9,
US Producer Price Growth Slows, But Clarity Not Forthcoming
US producer prices rose less than expected in September, data out Thursday showed. The 0.5% monthly rise was a shade cooler than the 0.6% increase
Load More
