Just days after France, Italy, and Germany implemented strict new containment protocols amid an aggressive second wave of COVID-19, Boris Johnson ordered England back into
Month: October 2020
‘Classic Toppy Signs’ In An Insane World
The next US president, whether Donald Trump (again) or Joe Biden, will inherit one of the most expensive stock markets in modern history. In fact,
Americans Don’t Really Care About The Stock Market. But You Can Sure Fool Them
You can scarcely open Twitter without seeing something you don’t want to see, irrespective of how scrupulous you’ve been in choosing who to follow. Earlier
‘Unfathomable Consequences’
The last full week of trading before America’s date with what some still fear will be a constitutional crisis was not kind to equities. US
Stocks’ Worst Week Since March Spills Over Into Junk
The same risk aversion that sent US stocks tumbling towards their worst weekly performance since the March meltdown spelled trouble for junk bonds. At least
‘Efficiency Work’
It’s fair to say 2020 has been a disastrous year for Exxon. The company, once the world’s largest, is the poster child for legacy energy’s
Drunken Dart Games (Don’t Get Excited: This Is About Personal Income And Outlays)
The last of this week’s data deluge washed over markets that didn’t generally care on Friday. While it’s incumbent upon everyone to parse the numbers,
From Record-Setting Growth To Double-Dip Recession: Europe’s Fate Seen Sealed
The euro-area economy expanded at a record pace in Q3, as the same “turn the lights back on” dynamic that helped drive US growth during
For America’s Tech Titans, Weight Of The World Gets Heavy
Tech shares weighed on equities Friday, as solid earnings from Apple, Facebook, Amazon, and Alphabet were juxtaposed with rich valuations. Or at least that’s the
These Great Numbers
“Biggest and Best in the History of our Country, and not even close,” Donald Trump declared, on Thursday. The odd punctuation was in the original.
Most Americans Would Be Better Off Voting For A ‘Radical’
“When the sky is falling, Congress will act,” Claudia Sahm told Bloomberg, for a Thursday piece on automatic stabilizers. Sahm, whose name you may have
Goodbye Goldilocks
The prospect of Republicans holding the Senate and proceeding to block Democratic spending proposals was one “panic catalyst” that prompted a multi-session unwind of reflation
Jobless Claims, Signal Versus Noise, And ‘Better’ Versus ‘Good’
The US economy rebounded in predictably robust fashion during the third quarter, but the recovery remains fragile. Underscoring that fragility was the latest read on
Lagarde, ECB Confront Double-Dip Recession As Europe Plunges Back Into Lockdown
While explaining France’s new coronavirus lockdowns, Emmanuel Macron was unequivocal in dispelling the notion that there are easy fixes for the worst public health crisis the
US Economy Serves Up Predictably Huge GDP Print. But Does Anyone Care?
The US economy expanded at a record pace in the third quarter, the first read on Q3 GDP showed. At 33.1%, the headline print was
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