The Bank of England hiked rates for a tenth consecutive meeting on Thursday. The 50bps
Author: therealheisenberg
ECB Hikes, Pre-Announces Another Hike, Opens Door To Pause
The ECB got right to the point on Thursday while hiking rates by another 50bps.
Micromanaging Stocks Until Inflation Cools
Although you wouldn’t know it to look at financial conditions or, relatedly, stocks, bonds and
Easy Money
Asked during Wednesday’s press conference whether easier financial conditions as a result of buoyant stock
Talking Points
“We have more work to do,” Jerome Powell declared Wednesday, following another rate hike from
‘Bracing For Recession’
Feel free to put your own spin on things, but from where I’m sitting, decelerating
Job Openings Surge In Body Blow To US Soft Landing Hopes
US job openings rose to more than 11 million on the final business day of
Weather Blamed For Sharp Drop In US Private Sector Hiring
Private employers in the US added far fewer jobs than expected in January, bolstering the
Europe’s Inflation Crisis Eases — With Several Caveats
The good news is, headline inflation in Europe receded to 8.5% in January. I should
Some Mistakes You Just Can’t Fix
Thanks to a multi-week decline in mortgage rates which helped catalyze a surprise increase in
A Little Bit Of Everything
The US consumer is feeling worse about the outlook, and the rate at which employers
In FOMO Rally, Investors Forget ‘Cardinal Rule’
“Don’t fight the Fed,” says the old adage. But that’s exactly what traders — carbon-based
‘COVID Zero’ Was Expensive
“COVID zero” was expensive. China notched a record deficit of almost CNY9 trillion in 2022,
Living (With) Wage(s)
A key gauge of compensation watched closely by Jerome Powell and the Fed rose less
Narrow Escapes And Turning Points
Europe’s largest economy might’ve contracted in the fourth quarter, but that didn’t stop the euro-area
Markets May Hit ‘Air Pocket’ Soon, Kolanovic Warns
Fade it. That’s the mantra among some of Wall Street’s most recognizable names when it
2023’s ‘Most Mispriced Tail Risk’
It’s unlikely that anything Jerome Powell has to say on Wednesday, following the conclusion of
Pricing 2025 Risk
Rabobank’s Michael Every and the incomparable Zoltan Pozsar may not agree about the plausibility of
Dollar Declines Like This One Are Exceedingly Rare
Look behind the rally since mid-October and you’ll find two things: Falling rates volatility and
Republicans May Have A Math Problem In Debt Ceiling Standoff
If you take House Republicans’ budget bombast literally, a key GOP demand for agreeing to
Mike Wilson Doubles Down: Rally ‘Just Another Bear Market Trap’
“Reality” is coming for 2023’s early stock rally. That’s according to Morgan Stanley’s Mike Wilson,
Recession, Stagflation Fears Resurface In Europe
Don’t call off the European recession just yet. The German economy contracted in the fourth
Standing-Room Only
To say it’ll be a busy week for fundamentals-focused traders and investors would be to
The Art Of The Hawkish Step-Down
Jerome Powell’s birthday is coming up. Upon ascending the Fed chairmanship in 2018, Powell was
Default Plan
“A politically disruptive standoff is likely later this year,” Goldman’s David Kostin said, citing the
Television People
Notwithstanding the “outsider” shtick favored by right-wing populists in Washington and, on the other side
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