“There is no prospect for a material reduction in inflation unless the Fed aggressively raises rates, or the stock market crashes, catalyzing an economic collapse
Day: May 24, 2022
New Home Sales Dive As Prices Go Parabolic
It finally happened. The US housing market finally cracked. New home sales plunged an astounding 16.6% in April, government data out Tuesday showed. There’s no
Surveys Show US Economy Slowing In Real Time
A report showing a veritable plunge in new home sales wasn’t the only US data release to disappoint expectations on Tuesday. Flash reads on S&P
For US Retailers, ‘Better-Than-Feared’ Is The New ‘Good’
“Better-than-feared” was about all analysts were able to muster on Tuesday, when Best Buy cut guidance and described efforts to “proactively navigate” what CFO Matt
Goldman Knows Just What Stocks Need To Rally
Goldman knows just what the market needs to hear in order to rebound sustainably. Spoiler alert: It’s an incrementally less hawkish Fed, if not an
Chinese Stocks Now Deaf To Party Promises
It wasn’t so long ago — two months, actually — that policymakers in Beijing retained the capacity to engineer monumental equity gains simply by promising
Snap Back To Reality
Far be it from me to suggest Snap has a better read on the outlook for the economy than Jamie Dimon, but I’ll admit CEO