Stagflation looms. That’s the zeitgeist across markets, and it’s visible pretty much everywhere you care
Month: March 2022
The Petroyuan And ApeCoin: Fables Of The Dollar Deconstruction
A few days ago, market participants were treated to a new version of an old
Barn Burner
US equities closed out a barn burner week with more gains. Media outlets variously attributed
Murmurs Of Recession
It’s not all bad news, believe it or not. Well, it really is. But we
Jim Bullard: Fed Should Hike 12 Times In 10 Months
Friday brought more hawkish Fed banter, with Jim Bullard (who, you’re reminded, dissented at the
The Shocks Aren’t Over (‘Six Fundamental Bear Market Drivers’)
Equities saw their largest inflow in five weeks, but the nascent bounce in global shares
To Be Or Not To Be
News flow was comparatively sparse as equities looked to wrap up their best week since
McElligott On The Fed, The Future And The Rally
The Fed put on what counted as a brave face this week, when the dot
Kolanovic Weighs In On Fed, ‘Mutually Assured Economic Destruction’
Marko Kolanovic is bullish on emerging market assets, and “in particular” China. Although the headline
Marko Kolanovic Sees ‘Great Opportunities,’ More Energy Upside
It’s time to start adding risk. Or at least in market segments that may have
BOE Condemns Putin, Hikes Rates, Adopts Dour Cadence
The first paragraph of the Bank of England’s March policy statement wasn’t about interest rates.
Good Cop Xi Conjures Historic Two-Day Stock Surge
If Beijing’s goal was to trigger a massive squeeze on the way to engineering the
(No) Significant Progress
The Kremlin on Thursday said reports of major progress in peace talks with Ukraine were
Don’t Worry, Jerome Powell Has A Plan
The US economy can “flourish” in an environment of tighter Fed policy, Jerome Powell said
Fed Delivers Liftoff, Signals Seven 2022 Hikes
The Fed raised rates by 25bps and signaled seven hikes for 2022 following March’s policy
You Don’t Want A Crypto Future. You Just Think You Do
In the weeks since the West moved to seize Russia’s foreign currency reserves, (too) many
US Retail Sales Decelerate As Gas Prices Surge
US retail sales rose 0.3% in February, data out Wednesday showed, an underwhelming performance that
Xi Rescues Chinese Stocks, Triggers Astounding Rally
Beijing finally reached the pain threshold. Following a series of dramatic sessions during which Hong
It’s Broken. All Of It.
It’s broken. After a decade (or more, depending on what manifestation of the same general
Cash Highest Since Lehman, Growth Lowest Since COVID
It won’t surprise you to learn that the conflict in eastern Europe was viewed as
All Noise And No Signal Makes Jack A Dull Boy
I assume this is obvious by now, but just in case: You can’t divine much,
Unmistakable Stagflation
US producer price inflation cooled a bit in February, good news, even as it’ll doubtlessly
Markets Skeptical Of Rosy China Data Amid ‘Complex, Grim’ Environment
Almost as a rule, markets are suspicious of China’s official economic data. There’s a fairly
In China, Hong Kong: Total Meltdown
“We should just close this market,” Bloomberg TV’s David Ingles sighed, just before the start
Equity Market Liquidity Has (Almost) Never Been Worse
Early last month, three weeks prior to Russia’s invasion of Ukraine, Goldman called liquidity the
‘History Is Moving.’ So Are Markets
Another volatile day on Wall Street found dazed investors reeling anew, as US equities oscillated
One Bank Sees ‘Likely Collision’ Between Powell, Stocks
The Fed “has a lot of wood to chop if they’re serious about removing the
