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Month: March 2022

US Housing Bubble Tested As Mortgage Rates Go Vertical

March 31, 2022April 6, 2022

A few days ago, one regular reader ventured a quip about my (admittedly repetitive) characterization

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12 Comments on US Housing Bubble Tested As Mortgage Rates Go Vertical

Cartoon Tyrant

March 31, 2022April 1, 2022

One problem with spending decades cultivating fear among friends, foes and everyone in-between, is that

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7 Comments on Cartoon Tyrant

Goldman Has 7 Reasons Why Stocks Didn’t Crash

March 31, 2022April 1, 2022

Although the S&P just logged its first losing quarter since the onset of the pandemic,

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2 Comments on Goldman Has 7 Reasons Why Stocks Didn’t Crash

Biden’s ‘Shock And Awe’ Oil Gambit Faces Long Odds

March 31, 2022April 1, 2022

Frustrated by a recalcitrant OPEC and wary of ongoing, energy-driven inflation ahead of the US

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14 Comments on Biden’s ‘Shock And Awe’ Oil Gambit Faces Long Odds

America’s Spendthrifts Stare Down Inflation Dragon

March 31, 2022April 3, 2022

Real personal spending fell twice as much as expected in the US last month, underscoring

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8 Comments on America’s Spendthrifts Stare Down Inflation Dragon

Bassman: Fed ‘Backed Into A Corner’

March 30, 2022March 31, 2022

Long-term US rates at ~2.50% are not consistent with ~5% inflation unless the Fed invokes

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6 Comments on Bassman: Fed ‘Backed Into A Corner’

These ‘Crucial’ Levels Matter Most In News-Driven Market

March 30, 2022March 31, 2022

In early February, one bank’s equity derivatives team suggested market participants were assigning too much

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1 Comment on These ‘Crucial’ Levels Matter Most In News-Driven Market

In Germany, Inflation Just Flew Off The Charts

March 30, 2022April 3, 2022

German inflation accelerated at the fastest pace in decades in March, preliminary figures released on

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1 Comment on In Germany, Inflation Just Flew Off The Charts

US Private Sector Hiring Was Robust In March

March 30, 2022April 3, 2022

Private sector US employers added 455,000 jobs in March, ADP said Wednesday. It was a

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6 Comments on US Private Sector Hiring Was Robust In March

‘No Breakthrough’

March 30, 2022March 31, 2022

Peace talks in Istanbul yielded “no breakthrough,” the Kremlin said Wednesday. Lots of work remains

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8 Comments on ‘No Breakthrough’

Revenge Of The Meme Stock Mania

March 29, 2022March 30, 2022

Late last week, Goldman noted that retail investor activity was picking back up, with animal

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7 Comments on Revenge Of The Meme Stock Mania

As 2s10s Inverts, Dudley Says US Recession ‘Inevitable’

March 29, 2022March 30, 2022

Two days ago, in “Fatalism Sets In As Curve Starts Recession Clock,” I wrote that

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16 Comments on As 2s10s Inverts, Dudley Says US Recession ‘Inevitable’

Wage-Price Spiral Beckons As Americans Quit By The Millions

March 29, 2022April 13, 2022

Job openings barely budged and the quit rate rose in February, closely watched data out

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7 Comments on Wage-Price Spiral Beckons As Americans Quit By The Millions

Inflation Goes From ‘Nonissue’ To National Obsession In Six Months

March 29, 2022April 3, 2022

A gauge of US consumer confidence improved in March despite — and I don’t know

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3 Comments on Inflation Goes From ‘Nonissue’ To National Obsession In Six Months

McElligott On ‘Burning’ Macro And Stocks ‘Just Winning On All Fronts’

March 29, 2022March 30, 2022

“Stuff is breaking,” macro assets are chaotic and “burning,” but “goofy-ol’” stocks continue to press

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Dramatic Moves, Someone To Hang

March 29, 2022March 29, 2022

Recep Tayyip Erdogan himself presided over the latest round of peace talks between Ukraine and

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5 Comments on Dramatic Moves, Someone To Hang

Breaking: Fed Finds Cause Of Soaring Inflation

March 28, 2022April 13, 2022

The Fed knows who to blame for the highest US inflation in a generation. Spoiler

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7 Comments on Breaking: Fed Finds Cause Of Soaring Inflation

‘Public Enemy Number One’ And Why Stocks Are Vulnerable

March 28, 2022March 29, 2022

Equity investors need to answer one simple question: Will Jerome Powell follow through? Weeks of

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7 Comments on ‘Public Enemy Number One’ And Why Stocks Are Vulnerable

G-7 Answers Putin’s Rubles-For-Gas Demand: No

March 28, 2022March 29, 2022

Last week, Vladimir Putin had an idea. Like most of his ideas lately, it wasn’t

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1 Comment on G-7 Answers Putin’s Rubles-For-Gas Demand: No

VIX ‘Too Low’ As Data, Seasonal Buyback Lull Loom

March 28, 2022March 29, 2022

Markets may lose a key pillar of support just as equities appeared to find their

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5 Comments on VIX ‘Too Low’ As Data, Seasonal Buyback Lull Loom

‘Literally Parabolic’: Historic Bond Rout Worsens, Yen Plunges

March 28, 2022March 28, 2022

The hyperbole flowed freely Monday as the worst global bond rout in modern history accelerated.

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7 Comments on ‘Literally Parabolic’: Historic Bond Rout Worsens, Yen Plunges

Fatalism Sets In As Curve Starts Recession Clock

March 27, 2022March 28, 2022

Fatalism pervades much of the macro commentary, and you don’t need to listen too closely

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4 Comments on Fatalism Sets In As Curve Starts Recession Clock

Traders Await Crucial US Data As Biden Confronts Dismal Polls

March 27, 2022April 1, 2022

A slate of top-tier US data greets market participants in the new week, as equities

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7 Comments on Traders Await Crucial US Data As Biden Confronts Dismal Polls

Regime Change

March 27, 2022March 28, 2022

“As you’ve heard us say, repeatedly, we do not have a strategy of regime change

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5 Comments on Regime Change

‘Diamond Hands And Buybacks’ To Drive Stock Demand: Goldman

March 26, 2022March 28, 2022

One of the many “mysteries” of recent US equity strength is the solid performance of

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3 Comments on ‘Diamond Hands And Buybacks’ To Drive Stock Demand: Goldman

Three Months In Web3: What I Learned

March 26, 2022May 28, 2022

“There’s something apocalyptic about it,” someone told me this week. We weren’t talking about the

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19 Comments on Three Months In Web3: What I Learned

Royals Versus Ragtags

March 26, 2022March 27, 2022

If you’re curious to know why the Saudis aren’t more responsive when it comes to

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8 Comments on Royals Versus Ragtags

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Week’s News

Marko Kolanovic Conjures 2008 Crash With Striking Reprint

September 27, 2023September 27, 2023

Gap Year?

September 24, 2023September 25, 2023

What If Bonds Don’t Rally In A Recession?

September 23, 2023September 26, 2023

Bill Ackman’s Bombastic Bond Short

September 22, 2023September 24, 2023

Fade The Fed?

September 21, 2023September 22, 2023

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