Monday was yet another session that found stocks rising alongside volatility, although the S&P ended marginally in the red. This has become something of a
Month: August 2020
Cash Is Trash Again
“[You’re] going to feel pretty stupid if you’re holding cash”, Ray Dalio famously said, in January of 2018, just days before the implosion of the
Marko Kolanovic: Investors Should Position For Rising Odds Of Trump Victory
JPMorgan’s Marko Kolanovic predicted Donald Trump’s election victory in 2016. In a note dated Monday, he says the odds are rising for a repeat, and
Clarida: Our Employment Models ‘Have Been Wrong’
On Monday, Richard Clarida delivered a fairly lengthy series of prepared remarks for a webcast “at” the Peterson Institute for International Economics, in Washington. The
China Looks Poised To Inflate A Tech Bubble Of Its Own
The Chinese economic recovery continued apace in August — or at least that’s the official story. PMIs for the month held up well, and an
Warren Buffett Goes Sogo Shosha
Japanese stocks outperformed to start the new week as news of Berkshire’s $6 billion stake in five Japanese trading houses bolstered local shares just one
Redundancies
In “Gods“, I described an inegalitarian market that not only reflects, but also feeds, an inegalitarian society. The most critical takeaway was that in many
The Uprising Decomplexified & The Madness Of William Barr
[Read more from NOTES FROM DISGRACELAND and follow on Twitter] 30. VIII 2020 Do not ask him to be content, ask him only to be
The Iceman: Xi Intervenes In TikTok Deal At Last Minute
What’s good for the goose is good for the gander, apparently. ByteDance may need Xi Jinping’s approval to sell TikTok’s US operations. That’s according to
Equations
August payrolls, due Friday, could mark the last of the “easy” jobs reports, and thereby the last chance for The White House to claim the
Gods
An inegalitarian rally for an inegalitarian nation. That encapsulates a theme I’ve employed frequently in the wake of the pandemic. The social and economic realities
Kenosha
[Read more from NOTES FROM DISGRACELAND and follow on Twitter] 28. VIII 2020 In the next few years, social disorder in developed countries could take
Coffee Grounds
I’ve no need to venture off the proverbial “grounds” for coffee. Over the years, I’ve accumulated every implement one could possibly need to make the
Steeped In It
Another day, another record high for US equities. The S&P rose a seventh straight day Friday, topping 3,500 in the process, and capping off a
Tragicomedy And The GOAT Rally
“Consumer sentiment has remained trendless in the same depressed range it has traveled during the past five months”, Richard Curtin, chief economist for the University
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