Stocks careened lower again on Tuesday, as Jerome Powell’s remarks to Congress rattled investor sentiment at what might fairly be described as a delicate juncture.
Month: November 2021
Consumer Confidence Drops On Inflation, COVID
Consumer confidence deteriorated in November, data out Tuesday showed. It’s hardly surprising that Americans are feeling incrementally less comfortable about the outlook. Inflation is running
The Year-End Trade Just Got More Complicated: McElligott
Over the weekend, I noted that the marked spike in realized vol precipitated by last week’s post-Thanksgiving down-trade on Wall Street had the potential to
Meanwhile, In China
Reasonably upbeat PMIs out of China were wholly insufficient to allay market concerns on Tuesday, even as a better-than-expected read on the official factory gauge
‘This Is Not Going To Be Good’: Moderna Execs Spook Markets
“The number of mutations are surprising,” Moderna co-founder Noubar Afeyan told Bloomberg Television, while discussing Omicron, the COVID variant which upended markets and forced traders
Animal Spirits And Gunslingers
Retail bought the dip. Or at least according to data from Vanda Research. Conditioned over a decade to hunt for ostensible “bargains” at the first
‘Madness,’ The Dollar And An ‘Omnipresent’ Threat
“Madness.” That’s how one analyst described last week’s post-Thanksgiving price action, which found global equities careening lower with bond yields and crude amid acute concerns
Goldman On Omicron: ‘The Range Of Outcomes Remains Unusually Wide’
It’ll likely be weeks before the scientific community is prepared to make definitive statements about the Omicron variant, but traders aren’t a patient bunch. Market
In Germany, 6% Inflation (More Wheelbarrow Jokes)
German inflation printed 6% for November, giving me carte blanche to recycle my somewhat wry take on the situation. It wouldn’t be too much of
For Markets And The World: ‘Severe Consequences, Depending’
Risk sentiment attempted to stabilize Monday following a grievous Friday rout on Wall Street, but the angst remained palpable. A weekend chock-full of soundbites from
Nosebleed Markets Ponder Uncertain Year-End In Latest Virus Panic
A long time to wait and a long way down. That’s one way to think about the predicament for equities, which are still perched near
Burn The Playbook: Omicron Forces Rethink As December Dawns
The playbook for the new week should have been simple enough. US payrolls are on deck, and with the Fed widely expected to accelerate the pace
Mideast Shares Crushed Amid Oil Collapse, Omicron
Mideast stocks tumbled Sunday, in a harrowing, if predictable, rout. Saudi Arabia, the UAE and a flurry of additional countries suspended flights from more than
Quick Thoughts On Oil’s ‘Red Friday’
Earlier this week, I wrote that for something that’s ostensibly driven by relatively straightforward supply/demand dynamics, forecasting oil prices isn’t usually very straightforward. Even if
Omicron And The Slow Death Of Common Sense
“It is very likely that the Omicron variant has already arrived in Germany,”‘ Kai Klose, an official in the German state of Hesse, said Saturday.
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