China’s July Data Deluge Disappoints As Retail Sales Fall Again
The Chinese economy continues to exhibit signs of stabilization, but activity data for July released on Friday was underwhelming. ChinaContinue Reading
Author: therealheisenberg
Credit Flow Bonanza Continues, While Apple Taps Market For $5.5 Billion It Doesn’t Need
Another week, another big haul for credit funds. At a time when the market’s appetite for corporate bonds is nothingContinue Reading
Five On It
Make it five. Treasury yields rose a fifth session Thursday after the closely-watched 30-year sale didn’t go down as wellContinue Reading
Stalemates And Stagflation
“I don’t know”, Nancy Pelosi said Thursday, asked when she might sit down again with Steve Mnuchin to resume talksContinue Reading
Where’s The Rent Deflation?, Albert Edwards Asks The Bureau Of Labor Statistics
One of the many explanations rolled out when explaining the monumental ~54% surge in US stocks from the March panicContinue Reading
Mike Pence Made A Wild Claim About The US Jobs Market. It’s Propaganda.
“It’s unbelievable the twilight zone that we’re sort of living in, where people just say things and it gets repeated”,Continue Reading
US Jobless Claims Drop Below 1 Million In Pandemic Milestone
Last week, the US labor market got a double-dose of good news. The headline print on the July jobs reportContinue Reading
Leadership Struggle (And Revisiting The Austin Powers World)
Risk appetite appeared to wane a bit Thursday with stimulus talks still deadlocked in Washington. At this juncture, Nancy PelosiContinue Reading
Resurrection
The pro-cyclical nature of the action in US equities witnessed over the past several sessions stealthily mutated into an all-too-familiarContinue Reading
Junk. Lots Of It.
Twice. That’s how many times during the first two days of this week I addressed what certainly seems like frothContinue Reading
According To One Key Measure, The Pandemic Never Happened (But Don’t Tell Stein Mart)
There’s been no shortage of attention paid this week to the S&P 500’s apparently imminent date with new all-time highs.Continue Reading
If You’re Not Safe In New Zealand (A Pair Of Reminders)
Amid a back-up in yields stateside and ongoing upside “surprises” in key data points both in the US and abroad,Continue Reading
Coal Mine Canary? CTAs Flip Short Bunds During ‘Heck Of A Week For Pain Trades,’ McElligott Says
Tuesday was potentially important. I tried to drive that home after the dust had settled on what, if you didn’tContinue Reading
Core CPI Surges Most Since 1991. So, There’s That
It probably wouldn’t be correct to say July’s US inflation data is “pivotal”. Rather, a better way to characterize thingsContinue Reading
‘Nothing Is Rock Solid’. Even Yellow Metal.
Following an egregious daily rout, gold took investors for a wild ride Wednesday, and you can expect more where thatContinue Reading