Chinese policymakers coaxed a rally out of downtrodden equities Thursday. The Hang Seng China Enterprises
Month: January 2022
When Every Trade Is A Crowded Trade
When the headlines start to get repetitive, it usually means everyone’s on the same side
$1.2 Trillion Suffers From Cognitive Dissonance
Nobody is worried about COVID anymore. Well, I shouldn’t say “nobody.” People dying from it
Stocks Saw Billions In Systematic Selling During Tuesday Rout
Systematic flows may have weighed on equities early this week, as acute Fed fears pushed
Morgan, BofA Close Book On Uninspired Bank Earnings
The last of Q4’s big bank earnings came in mixed Wednesday, as Bank of America
An Air Of Panic
A Wednesday headline described the Fed’s “tightening steps” as “unprecedented.” I didn’t read the article.
This Is ‘The Most Critical Level In Global Markets’
If you had to choose just one level to watch across the entire global markets
Fever Pitch
Wall Street marked an inauspicious start to a holiday-shortened week. Treasurys were heavy throughout the
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
Plunge In Empire Survey May Be Another Canary
The data calendar may be sparse in the US this week, but Empire manufacturing served
Tech Dread Returns As US Yields Forget Pandemic
It was back to hand-wringing over rising rates Tuesday, as the US came back online
Inflation, Recession And Rabbit Holes
For the first time since the emergence of the Omicron variant, money markets bet on
Sufficient Potential
Headlines centered around China’s economy Monday after the latest batch of key data painted a
China Cuts Rates As Retail Sales Crumble, Economy Stumbles
The Chinese economic expansion slowed in the fourth quarter, but not nearly as much as
Fed Speculation In Overdrive Leaves Markets In Limbo
The US data calendar is sparse in what’ll be a holiday-shortened week dominated by Fed
Deep Thoughts, By Bill Ackman
Bill Ackman did some thinking over the weekend, and like all great thinkers before him,
Walmart Plots ‘Super Intense’ Crypto, Metaverse Push, Filing Suggests
Walmart has designs on crypto. Literally. Filings with the US Patent and Trademark Office dated
Bears And Sea Monsters
I’ve adopted a demonstrably bearish cadence over the past several days. But not on purpose.
Meanwhile, In Tech: ‘Hey, I Bought Stuff That’s Going Down’
“Interest rates are a central focus of equity investors,” Goldman’s David Kostin said, in a
Something Wicked This Way Comes
It’s becoming more difficult to shake the feeling that something bad is about to happen
Is A Triple Recession Imminent?
“The best consumer news is behind us,” BofA’s Michael Hartnett wrote, in the latest edition
Inflation Kneecaps Sentiment As Faith In Policies Crumbles
Consumer sentiment deteriorated in early January as inflation worries proliferated and Omicron cases surged. The
Nightmare Before Christmas: US Retail Sales Plunged In December
Suddenly, the American consumer looks tired. Retail sales dropped in December by the most in
JPMorgan Results Underwhelm Amid Epic Bank Rally
US banks came into earnings season on a sugar high, catalyzed by higher yields and
China’s Pandemic Export Boom Pushes Surplus To Record
Headlines will doubtlessly (and rightfully) tout China’s record exports in 2021, but if you’re looking
Albert Edwards: ‘There’s Too Much Linear Thinking Out There!’
It won’t surprise you to learn that SocGen’s Albert Edwards isn’t particularly optimistic about the
