The doves were out Monday, and not a moment too soon for US equities which, despite a rousing two-day surge for the Nasdaq 100, were
Month: January 2022
Making Sense Of The Recent Stock Roller Coaster
I’m a bit of a broken record sometimes, but only (or mostly, anyway) because in the absence of evidence that key dynamics are getting the
You Do The Math
There’s considerable angst about the prospect that the Fed is too late. Not so much too late to do something about inflation. Some are concerned
‘Classic Bear Market Action’ (And The Real ‘Fed Put’ Question)
At least one widely-followed Wall Street strategist is undeterred in harboring a cautious outlook on US equities following January’s unfortunate theatrics, which found stocks careening
Draining The Pool
Markets felt apprehensive Monday ahead of holidays in Asia and a bevy of key US data due over the course of the week. Equities were ready
‘Don’t Fight The Fed’ Is Now A Bear’s Mantra
The good news for dip-buyers after the most turbulent period for US equities since the original pandemic drawdown, is that over the past seven decades,
S&P Correction: Here’s What Comes Next
Contrary to what you may be inclined to believe if you conceptualize of stocks as poker chips and investing as a kind of upside down
Snowballs In Hell
Expectations for an angry, vengeful, hawkish Fed shift will be weighed against top-tier US data in the new week. If past is precedent, March will
The ‘Ultimate Pain Trade’
No one is talking about the inevitable dovish pivot. Or almost no one, anyway. In part, that’s because the hawkish pivot isn’t even real yet.
Crying Over Expensive Milk (No More Free Lunch)
Let’s be clear about something: The Fed has abandoned the idea that it’s possible to retain an ultra accommodative policy stance in perpetuity in order
Goldman Ramps Up Fed Call, Nomura Sees 50bps Blast Off
Since bringing forward their liftoff forecast by “one full year” in late October, Goldman has regularly marked their Fed call to policy reality, alongside the
‘The Quickest Route To Recession’ (And A Case Of Cognitive Dissonance)
The stock market isn’t the economy. We say that all the time. It’s almost a cliché. And, in many respects, it’s true. Stocks are overwhelmingly
Curtin’s Warning: Americans May ‘Misinterpret’ Fed Hikes
There was no improvement in US consumer sentiment during the back half of January. In fact, sentiment deteriorated further. That was the overarching message from
Stagflation Spotted In Crucial US Comp, Spending Data
Compensation costs for US workers rose less than expected in Q4, closely-watched data out Friday showed. Markets were on edge for the latest read on
Germany Stares At Recession As Economy Contracts
An image of “traffic at a street junction in Berlin” sat atop one outlet’s summary of Germany’s Q4 GDP data, released on Friday. The intersection
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