I’ve said it before and I’ll say it again: Jerome Powell isn’t the best communicator.
Month: February 2021
‘Tesla Risk’
I hesitate to weigh in on this, partly because the situation can turn around so
Nomura’s McElligott On A ‘Messy’ Nasdaq Amid Duration Drama
“This further acceleration in the rates selloff is re-triggering the same point I’ve made in
Another Bank Raises S&P Forecasts On ‘Strongest GDP In 35 Years’
“With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that
‘Are We In A Stock Market Bubble?’ Ray Dalio Answers
Are we in a stock market bubble? Asking for Ray Dalio. At this juncture, I’m
Trending Topics
If you ask Elon Musk, man whose company bought $1.5 billion worth of Bitcoin for
Price Pressures Abound
Although one imagines next month’s survey will be more “interesting” given that it will presumably
How Much Repricing Is Allowed?
Germany is poised to authorize billions in additional debt-funded virus relief spending, sources said Monday.
Too Much Of A Good Thing
Rising yields caused further consternation in equities to start the new week, as bonds extended
Ocasio-Cortez And The Texas Flex
The cynical among you might be inclined to call it political opportunism. The bleeding hearts
Up, Up, And Away?
All eyes will be on rates in the week ahead, as market participants fret over
Just Put It In Stocks
“Just put it in the stock market. You’ll always make something.” I heard that from
Predictions About The Future
If you’re having trouble keeping track of the myriad virus relief measures either delivered/implemented or
How Bitcoin Can Replace The Dollar
I’m hardly the first person to suggest what I’m about to suggest and I’m not
Snorting M&M’s
If you listen closely, you can hear the questions asking themselves. After a dozen years,
Character Matters
What can we say about the week that was? Well, we can say yields rose.
Larry Summers ‘Can’t Imagine’ A Bigger Waste Of Money Than Sending You Some
Larry Summers is sticking with it. By “it” I mean what’s morphed into a professional
Markets Just Witnessed An ‘Absolute Game-Changer,’ One Bank Says
What did I say on Wednesday? To tell you the truth, I don’t remember —
Now The Inflation Warnings Are Getting A Bit Worrisome
Call it yet another boost to the reflation narrative. Alternatively, you might call it a
‘Divursufricashun’ And The Great Gold-For-Bitcoin Trade
This was a week to forget for market participants. It could be seen, in hindsight,
Charlie McElligott’s ‘Toggle’ Motto: Why A Broken Vol Market Matters
Over the past week (maybe two), Nomura’s Charlie McElligott has been keen to emphasize that
Is The Flaming Marshmallow Housing Market Starting To Cool?
Last month, I called the US housing market a “giant flaming marshmallow.” Pandemic dynamics (e.g.,
Main Street Malaise Ongoing As Jobless Claims Jump
For the second consecutive week, jobless claims in the US were higher than expected. 861,000
In Texas: A Debacle
Headlines in the US were still dominated by two words Thursday: “Texas” and “freeze.” In
