On the one-week anniversary of US tech shares’ post-election surge, America’s favorite mega-caps were buoyant. Popular stay-at-home trades rebounded after getting blindsided on Monday and
Day: November 11, 2020
In This Market, ‘Good News Can Actually Lose You Money’
“Why comment on the past?,” SocGen’s Andrew Lapthorne and Solomon Tadesse wondered, in a note documenting the dramatic factor rotations that played out on Monday
Gullibility Knows No Bounds: Lira, Turkish Banks Stage Absurd Rally On Erdogan Promises
Turkey’s Recep Tayyip Erdogan is ready to take his medicine. Don’t believe me? Just ask him. “Turkey [will] implement bitter pill policies if needed,” he
‘Sure,’ The World’s On Fire. But Strats Controlling $1 Trillion Will Still Buy Stocks
I love reading copy sometimes. Whenever the world is going to hell in a handbasket, journalists don’t usually have as much leeway as they might
Goldman Sees ‘Roaring ‘20s Redux.’ S&P To Hit 4,600 In 2022
“A vaccine is a more important development for the economy and markets than the prospective policies of a Biden presidency,” David Kostin wrote, in the
Chinese Tech Is Imploding
Chinese tech shares are in trouble. Beijing’s abrupt blitz to rein in Alibaba, Tencent, and others, came as something of a shock this week, but
