Data released on Tuesday underscored both the impact of the Fed’s ongoing quest to extinguish
Year: 2022
Goldman’s ‘Most Out-Of-Consensus Call’ For 2023
Goldman’s most out-of-consensus call for 2023 is arguably their most important. Generally speaking, economists and
When Life Gives You COVID, Make Lemonade
Notwithstanding ongoing tension in the US tech space, market sentiment was cautiously constructive coming off
Planes, Missiles, Drills And Drones
Tensions flared in three of the world’s powder kegs Sunday and into Monday, as border
Lessons Not Learned
“This is not war,” Volodymyr Zelensky said on Telegram over the weekend. “It’s terror. It’s
US Housing Market Enters 2023 As Bubble-Puzzle
Home sales in the US either tumbled the most on record last month or ran
Visualizing Macro History
Anyone with even a passing interest in markets can make a list of 2022’s “top”
Existential Questions For 2023
As the curtain closes on 2022, existential questions abound. Is the world headed for a
Memory Lane And The 6.5% Unemployment Threshold
10 years ago this month, the Fed added outcome-based forward guidance to its policy statement.
Breach Of Contract
I’m not much for normative statements. Words and deeds can be a lot of things,
Stock Funds See Largest Exodus On Record
Barring a Christmas miracle, 2022 will be the worst year for US equities since 2008.
More Stagflation
The last of 2022’s notable US economic data came in broadly as expected, albeit with
Ghost Of Christmas Past
This time four years ago, Donald Trump was busy berating Jerome Powell’s golf game on
Hot Data And Tepper’s ‘Short’ Call
“Stocks slump as bearish Tepper amplifies hot data,” one Thursday headline said. I suppose this
Surprise US GDP Revisions Blindside Policy Doves
There was more good news of the bad variety out of the US economy on
