“Tomorrow will make one year since the coronavirus was declared a public health emergency by the World Health Organization,” Nancy Pelosi said Wednesday, as the
Day: March 10, 2021
Dead Cat Tech Bounce
The rebound in tech shares and other pandemic winners fizzled Wednesday, perhaps suggesting the correction in some overvalued corners of the US equity market isn’t
The Most Important Auctions In Recent Memory
“There’s no deep loyalty to most of the reopening names,” one CIO told CNBC on Wednesday. “No one wants to overown Carnival Cruise Lines, or
Hyperinflation Postponed In US
If a relatively bland inflation print was desirable for market participants concerned about the possibility of an imminent surge in prices, February’s US CPI report
Churn And ‘The Absence Of Conviction’
“Churn” now seems inevitable. Tech, stay-at-home favorites, and pandemic winners will look oversold to salivating dip-buyers. But macro investors will insist that the confluence of
‘Mock Starket’ (Meanwhile, In China)
A day after state-backed funds intervened to stanch the bleeding in mainland Chinese stocks, Weibo users were unable to search for “stock market.” Although they
