A few days ago, one regular reader ventured a quip about my (admittedly repetitive) characterization
Month: March 2022
Cartoon Tyrant
One problem with spending decades cultivating fear among friends, foes and everyone in-between, is that
Goldman Has 7 Reasons Why Stocks Didn’t Crash
Although the S&P just logged its first losing quarter since the onset of the pandemic,
Biden’s ‘Shock And Awe’ Oil Gambit Faces Long Odds
Frustrated by a recalcitrant OPEC and wary of ongoing, energy-driven inflation ahead of the US
America’s Spendthrifts Stare Down Inflation Dragon
Real personal spending fell twice as much as expected in the US last month, underscoring
Bassman: Fed ‘Backed Into A Corner’
Long-term US rates at ~2.50% are not consistent with ~5% inflation unless the Fed invokes
These ‘Crucial’ Levels Matter Most In News-Driven Market
In early February, one bank’s equity derivatives team suggested market participants were assigning too much
In Germany, Inflation Just Flew Off The Charts
German inflation accelerated at the fastest pace in decades in March, preliminary figures released on
US Private Sector Hiring Was Robust In March
Private sector US employers added 455,000 jobs in March, ADP said Wednesday. It was a
‘No Breakthrough’
Peace talks in Istanbul yielded “no breakthrough,” the Kremlin said Wednesday. Lots of work remains
Revenge Of The Meme Stock Mania
Late last week, Goldman noted that retail investor activity was picking back up, with animal
As 2s10s Inverts, Dudley Says US Recession ‘Inevitable’
Two days ago, in “Fatalism Sets In As Curve Starts Recession Clock,” I wrote that
Wage-Price Spiral Beckons As Americans Quit By The Millions
Job openings barely budged and the quit rate rose in February, closely watched data out
Inflation Goes From ‘Nonissue’ To National Obsession In Six Months
A gauge of US consumer confidence improved in March despite — and I don’t know
McElligott On ‘Burning’ Macro And Stocks ‘Just Winning On All Fronts’
“Stuff is breaking,” macro assets are chaotic and “burning,” but “goofy-ol’” stocks continue to press
Dramatic Moves, Someone To Hang
Recep Tayyip Erdogan himself presided over the latest round of peace talks between Ukraine and
Breaking: Fed Finds Cause Of Soaring Inflation
The Fed knows who to blame for the highest US inflation in a generation. Spoiler
‘Public Enemy Number One’ And Why Stocks Are Vulnerable
Equity investors need to answer one simple question: Will Jerome Powell follow through? Weeks of
G-7 Answers Putin’s Rubles-For-Gas Demand: No
Last week, Vladimir Putin had an idea. Like most of his ideas lately, it wasn’t
VIX ‘Too Low’ As Data, Seasonal Buyback Lull Loom
Markets may lose a key pillar of support just as equities appeared to find their
‘Literally Parabolic’: Historic Bond Rout Worsens, Yen Plunges
The hyperbole flowed freely Monday as the worst global bond rout in modern history accelerated.
Fatalism Sets In As Curve Starts Recession Clock
Fatalism pervades much of the macro commentary, and you don’t need to listen too closely
Traders Await Crucial US Data As Biden Confronts Dismal Polls
A slate of top-tier US data greets market participants in the new week, as equities
Regime Change
“As you’ve heard us say, repeatedly, we do not have a strategy of regime change
‘Diamond Hands And Buybacks’ To Drive Stock Demand: Goldman
One of the many “mysteries” of recent US equity strength is the solid performance of
Three Months In Web3: What I Learned
“There’s something apocalyptic about it,” someone told me this week. We weren’t talking about the
Royals Versus Ragtags
If you’re curious to know why the Saudis aren’t more responsive when it comes to
