Daily coronavirus cases in Germany topped 20,000 for the first time since the onset of
Month: October 2020
Sell The Stocks. But Don’t Take The Bonds. Or The Cannoli
Blame the virus, blame lockdowns in Europe, blame positioning, or blame your favorite election narrative.
Difficult Days And Demands Of The People
“As the nation did after Memorial Day, we are [facing] another critical point in the
Nomura’s McElligott Weighs In On Wednesday’s ‘Bonkers Freakout’
Selling begets selling into an illiquid market facilitating a vicious downward spiral. It’s a familiar
Fed Is ‘Really’ Out Of Firepower. ‘Only Government Spending’ Can Save Country, Bill Dudley Warns
“If the Fed managed to push that down by another 0.5 percentage point, what difference
This May Be The Biggest Long-Term Risk For Stocks And The Economy
On Tuesday, I talked a bit out the possible disinflationary read-through in the event the
Coughs And Coffins
The mood turned dour indeed on Wednesday, as hand-wringing tied to new virus lockdowns in
What Matters
Markets are plagued (figuratively and literally) with ominous headlines around a second COVID wave. France
‘What If He Does It Again?’ Hedging An ‘Unthinkable’ Trump Victory
Earlier this month, in “‘So Many Things Could Go Wrong’,” I talked briefly about the
Confidence, Core Competencies, And CAT Naps
Are the “fundamentals” sound? The answer on Tuesday was: “It’s complicated.” Durable goods orders beat,
From ‘Chaos’ To ‘Blue Wave Mania’: Nomura’s McElligott On Election ‘Narrative Overshoots’
Observing the evolution of the election narrative through the market’s beer goggles has been quite
China Has Seen Enough Yuan Strength, Apparently
Beijing has apparently seen enough yuan appreciation for the time being. Just hours after Guan
Eating Out In Germany & Drinking Water On The Moon
Lockdown worries continued to plague market psychology Tuesday, or at least as it relates to
Herd Immunity
Monday was a dark day on Wall Street. That may be a bit hyperbolic, but
Bitcoin Is Nothing
I always hesitate before putting digital pen to digital page if the subject is Bitcoin.
