If you had to choose just one level to watch across the entire global markets universe, what would it be? One candidate, according to Nomura’s
Day: January 18, 2022
Oil!
Brent crude rose near $90 a barrel on Tuesday. Were it not for surging yields and obsessive pontificating about the trajectory of Fed tightening, crude
Fever Pitch
Wall Street marked an inauspicious start to a holiday-shortened week. Treasurys were heavy throughout the session, weighing on US equities and dealing another blow to
Goldman’s Traders Come Up Short, But IB Strong. Expenses Surge
Even Goldman’s traders couldn’t quite measure up in Q4. Consistent with disappointing markets performance from JPMorgan and Citi, Goldman’s trading revenue was short of consensus
Plunge In Empire Survey May Be Another Canary
The data calendar may be sparse in the US this week, but Empire manufacturing served up some unexpected fireworks on Tuesday. “After eighteen months of
Tech Dread Returns As US Yields Forget Pandemic
It was back to hand-wringing over rising rates Tuesday, as the US came back online after a long holiday weekend. Two-year Treasury yields jumped above
