The dollar firmed and risk appetite dissipated Friday as fresh virus concerns dented sentiment. Hong
Month: January 2021
Totally Inexcusable, Wholly Predictable
“Let me be clear: Things are going to get worse before they get better,” Joe
Bitcoin (Allegedly) Suffers Glitch In The Matrix
Earlier this month, Bitcoin collapsed by more than 20% in the space of 48 hours,
The Houses Are Fine (Flaming Marshmallow)
It wasn’t all bad news on the economic front in the US Thursday although, as
Here’s An Idea: Put People To Work & Print Money To Pay Them
900,000 Americans filed for unemployment benefits last week. Believe it or not, that was actually
ECB Confronts ‘Revelation’ Of Spread Targeting ‘Policy’ Amid Pandemic Response
The ECB came into its first meeting of 2021 under the shadow of renewed lockdowns
The Narrative
Global stocks hit new highs and the dollar dropped a fourth day as investors leaned
After Biden, Let Her Run
Joe Biden’s inauguration came and went without incident. In a sad testament to the surreal
Great Expectations
Joe Biden assumes the presidency with a daunting task vis-à-vis markets or, perhaps vis-à-vis markets’
Stocks’ ‘Surrogate Buy Flow’ Could Reach $96 Billion, Nomura’s McElligott Says
US equities are getting a helping hand from a familiar place. “Systematic Vol Control is
Morgan Stanley Had A ‘Very Strong,’ ‘Excellent’ Year. How About You?
Morgan Stanley starts 2021 with “significant momentum,” James Gorman said Wednesday, as the bank released
Regime Change
Upon taking office Wednesday, Joe Biden moved to immediately reverse, undo, and otherwise rollback some
Tragedy, Triumph, And ‘Patriots’
It’s appropriate, in a macabre kind of way, that news of Netflix passing the 200
‘Act Big’ (Tequila In The Blender)
Janet Yellen had no trouble with her confirmation hearing on Capitol Hill Tuesday. I imagine
‘Correction Imminent’: BofA Survey Suggests Sentiment Overshoot
All in, apparently. 73% of investors who answered the “early-cycle” versus “recession” question in the
Here’s The Reality Of ‘Bubbles’
Ask European fund managers what keeps them up at night and you might hear: “A
Goldman Releases Quarterly Compendium Of Large Numbers
In news that probably won’t surprise anyone, Goldman easily beat estimates Tuesday when the firm
Bank Of America Slashes Reserve, But Misses On Multiple Fronts
Bank shares came off the US holiday nursing the wounds from a steep, late-week selloff
Return Of The Queen
Risk sentiment was generally buoyant Tuesday, as market participants watched Janet Yellen make the case
One Pro Reveals His ‘Just To Get Myself Into Trouble’ Trade
This is my “buying a hedge in another market just to get myself into trouble”
As Yellen Takes Treasury Reins, Dollar Bears Emboldened
Janet Yellen isn’t going to pursue a weak dollar policy. Or at least that’s what
With Trade War Lost, Trump Throws Last Punch In China Fight
The consensus narrative around the Trump administration’s final push to squeeze Beijing ahead of Joe
Looking Through
Folks were rolling out the generic quotables Monday, as US markets were shuttered for the
It’s Official: China’s Economy Expanded In 2020 Despite Pandemic
Well, it’s official. The Chinese economy expanded in 2020. Or at least according to Beijing
Earnings Season Is Upon Us. But Does Anyone Care?
Earnings season is upon us, but it’s not clear how much the numbers matter. Last
Gods, Ponzi Schemes & Paupers
For those making $60,000 or more, the recovery is complete. That’s one takeaway from data
Inside The Bubble
Years ago, an episode of Family Guy (the edgy cartoon sitcom) featured a subplot that
