You knew it was coming. It was always just a matter of time. That’s what Robert Kaplan told Bloomberg’s Michael McKee Wednesday, while discussing the
Month: June 2021
McElligott On Where Things Stand
Admittedly, I have a difficult time deciding what the “average” market participant cares about these days. That’s in part because, after years of almost total
Marko Kolanovic: Markets Shouldn’t Fear Delta Variant
Don’t spend too much time fretting over the COVID “Delta” variant. Or, actually, do spend a little time fretting over it, if “fretting” means exercising
US Firms Add 1 Million Leisure And Hospitality Jobs In 3 Months
Private sector employers added 692,000 jobs in June, ADP said Wednesday. That was considerably more than expected (the market was looking for 600,000), but the
What Concern?
Concerns about the potential economic ramifications of the rapidly spreading, highly infections “Delta” coronavirus variant are seeping into markets, we’re told. But the layperson (i.e.,
Leon Cooperman And The Misplaced Meritocracy Assumption
I should refrain from writing satire about “legends” of the investing universe. It’s probably gratuitous, and I’m not convinced I’m adding much in the way
US Home Prices Rise Most In Recorded History
Surprise! Home prices rose more than expected in April, data out Tuesday showed. The near 15% jump in the S&P CoreLogic Case-Shiller 20-City Index came in
Consumer Confidence Surges, S&P Hits Goldman’s Year-End Target
US consumers are getting more confident by the month. Or at least according to The Conference Board’s gauge. At 127.3, the headline print for June
Storylines
A handful of easily digestible storylines were front and center Tuesday, which at least helped fill what can be a maddening summer void. US banks
Shark Tank And The Federal Child Savings Plan
I’m consistently vexed by the perturbation headlines about Progressive policy proposals elicit among large segments of the news-consuming American public. In my rather grim view
Drizzle, Drudgery And Drugs
I’d say nobody cared about the June vintage of the Dallas Fed survey but… Actually, there’s no “but.” Nobody cared. It’s a Monday in June.
‘The Next Question’: Socially Useful Counternarrative
One of the reasons I gently (and ironically) discourage people from consuming too much in the way of “alternative” commentary around markets and geopolitics is
Delusions
Equities meandered somewhat aimlessly into the new week, as traders and investors eyed key US data and a sparse calendar of Fed speakers including Barkin,
A (Very) Uncomfortable Take On Inflation
[Editor’s note: When I set about writing this, I had something different, albeit tangentially related, in mind. Specifically, I wanted to highlight recent research quantifying
‘I’m Not Signing It’
Purported GOP “centrists” are irritated with Joe Biden. And some White House aides are doing damage control duty. Last week, a handful of readers seemed
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