Enigmatic. That’s the best way to describe second quarter earnings season in the US, where the combination of corporate pricing power and a purportedly resilient
Day: August 4, 2022
Chasing Ghosts: The Rally That Wasn’t There
For weeks, 4,200 on the S&P was bandied about by some top-down strategists as a “sell-the-rip” level — a kind of bridge too far for
2023 Rate Cut Standoff Puts Fed, Markets On Collision Course
If you ask Mary Daly, a slowdown in the US labor market is “completely worth it” if it means taming prices. She spoke Wednesday during
Nightmare: BoE Hikes Most In 27 Years, Predicts Recession, 13% Inflation
The Bank of England hiked rates for a sixth consecutive meeting Thursday. The 50bps move was the largest since 1995, prior to independence. The vote
