The Fed Talked Quite A Bit About QE Options Earlier This Month, November Minutes Show
The prospect of a Janet Yellen Treasury and the public spat between Steve Mnuchin and Jerome Powell forced market participantsContinue Reading
Author: therealheisenberg
If Your Income Drops, How Do You Keep Consuming?
Personal incomes fell much more than expected in October, the BEA said Wednesday. The 0.7% drop compared to expectations forContinue Reading
Surprise! Jobless Claims Jump As Pandemic Rages Unabated
778,000 Americans filed for unemployment benefits last week, a five-week high and far more than consensus expected. This marks theContinue Reading
Manufacturing A Durable Recovery
Although Wednesday brought unwelcome news on the labor market, durable goods orders were resilient. The 1.3% gain for October wasContinue Reading
Since 1988
Global markets meandered Wednesday, as traders and investors took a step back to ponder the situation amid generally positive overallContinue Reading
New Bitcoin Mania Has People Making No Sense Again
We’ve reached the point in the latest Bitcoin upswing that I’m obliged to mention the rally. I almost used theContinue Reading
Fairy Godmother
“Yellen will be in close contact with the Powell Fed to ensure that nearly all of the funding — orContinue Reading
‘A Sacred Number’: A Despondent Trump Holds Bizarre Press Conference To Honor Dow 30,000
The Dow topped 30,000 on Tuesday, and while it’s always impossible to definitively ascribe causation, sentiment was undoubtedly bolstered byContinue Reading
Nomura’s McElligott On Yellen As Treasury Secretary, Year-End Outlook
For the better part of two months, Nomura’s Charlie McElligott has been keen to press the idea that barring aContinue Reading
Bad Mood
Consumer confidence dipped in November, The Conference Board said Tuesday, citing “the resurgence of COVID-19” among other factors for Americans’Continue Reading
Transition Lenses
Markets were pleased Tuesday as some of the lingering uncertainty around the US election lifted and the prospect of JanetContinue Reading
Welcome Back
The holiday-shortened week began in predictable fashion, with equities climbing the proverbial “wall of worry” as daunting virus headlines andContinue Reading
Rebalancing May See $300 Billion Out Of Stocks By Year-End: JPMorgan
It’s time to have the rebalancing discussion again. Or at least if you’re a JPMorgan client it is. As documentedContinue Reading
‘Quite Literally At A Price’: Inflation Comes Roaring To Life In US PMIs
While you can expect high frequency indicators to start reflecting the various lockdown protocols instituted across the US, PMIs aren’tContinue Reading
Morgan’s Mike Wilson: ‘I’m A Steadfast Bull’
Morgan Stanley’s Mike Wilson, known to some as the man who predicted the Q4 2018 swoon in US equities, hasContinue Reading