If you’re expecting a correction for US equities or, at the least, for one of the most furious rallies in recorded history to calm down
Day: January 26, 2021
Stop Asking Me About GameStop, Jason
People keep asking me about GameStop. I’ve been extremely reluctant to engage. But, against my better judgement, I’m going to pacify the audience. First of
Today Is Bad, But Tomorrow Will Be Better
Well, consumer confidence ticked higher in January, rising to 89.3 on The Conference Board’s gauge from 87.1 in December. That was basically in-line with consensus.
IMF More Optimistic, Gopinath Says Biden Plan Would Boost US
Good news! Albeit news that most folks won’t be inclined to care much about. The IMF adopted a more upbeat stance on the global economy
Stocks, Reflation Trade Due For ‘Deserved’ Break: Morgan’s Wilson Suggests
It’s always interesting to observe the difference in cadence between the rates crowd and the equities crowd when it comes to the pro-cyclical rotation narrative.
McConnell’s Relent, Fast Times In Hong Kong & ‘Civic Integrity’
The froth in Hong Kong came off fairly dramatically Tuesday, as the Hang Seng tumbled and Tencent dropped more than 6% after an absurd rally
