“Macro vol is back,” Deutsche Bank’s Alan Ruskin declared, following this week’s shocking CPI report, which represented the second consecutive top-tier “jaw-dropper” (to quote Christopher
Author: therealheisenberg
Inflation Expectations Skyrocket, Knee-Capping Sentiment
Consumer sentiment unexpectedly soured in May, the preliminary read on the University of Michigan’s gauge showed. At 82.8, the headline print missed expectations and represented
Halfway To $1 Trillion And A Trio Of Summer Calls
If you were wondering whether inflation worries and the stunning miss on US nonfarm payrolls left investors averse to stocks (as an asset class), the
US Retail Sales Suffer Stimulus Hangover
US retail sales were unchanged in April, data out Friday showed. Consensus expected a 1% gain. The disappointing read on consumption comes on the heels
Cashing Out
“Thanks for everything, but I’ll be leaving now. I’m a crypto magnate.” Is what Aziz McMahon, Goldman’s (former) managing director and head of emerging market
‘That Thud You Heard’
“That thud you heard last Friday was the jaw of every forecaster hitting the floor,” Christopher Waller said Thursday, during remarks for a webcast at
Bitcoin Crowd Learns God Can Be Cruel
In late January, when you could grab some Dogecoin for the “bargain” price of $0.06, one analyst lamented the extent to which markets were “turning
Is Modern Market Structure Ready For A Macro Regime Shift?
On several fronts, one could argue that uncertainty has diminished materially over the last few months. Notwithstanding the notion that achieving herd immunity is now
More Inflation, Less Joblessness
Producer prices rose twice as much as expected in April, another round of inflation data out of the US showed. PPI rose 0.6% last month,
Welcome To The Hyperinflation Era. Did You Buy Bread Yet?
Welcome to the first day of the hyperinflation era in the US. I’m just kidding. But that’s the vibe you get when you peruse a
‘Totally Fixated’
The inflation situation got real Wednesday, as April’s hotly anticipated CPI numbers came in… well, hot, spooking an already nervous market and prompting traders to
Where To Now For The GOP?
“If you want leaders who will enable and spread his destructive lies, I’m not your person,” Liz Cheney told House Republicans, as they voted to
‘China’s Credit Impulse Just Turned Negative’
Lost in the whirlwind of inflation hysteria Wednesday was a notable downside surprise in China’s credit data for April. Aggregate financing was just 1.85 trillion
First, Do No Harm
The Fed “would not hesitate to act” in the event inflation were to surge, Richard Clarida said Wednesday, while fielding questions following a speech at an
Scorcher: Inflation Screams Higher, Testing Fed, Markets
Those expecting a red-hot April inflation print in the US weren’t disappointed. Consumer prices surged last month, data out Wednesday showed, with headline CPI rising
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