The fortunes of America’s services providers and factories diverged markedly in July, according to preliminary
Author: therealheisenberg
Alphabet, Tesla Kick Off Magnificent 7 Earnings
Two of America’s vaunted “tech” septet reported quarterly results after the bell on Tuesday. Three
Kamala Harris Has A Swing State Housing Problem
You’d like to think Kamala Harris, a career prosecutor, has a fighting chance of defeating
Threats To Democracy
JD Vance is worried about democracy in America. And Vance is a man who knows
America’s Housing Crisis Rolls On Unabated
Surprise! Existing US home sales tumbled in June amid high prices and high rates. It’s
Notable Seasonals
Coming out of a turbulent week both for US equities and domestic politics, and looking
Locking It Up
It took Kamala Harris about 24 hours to lock up the Democratic nomination. By Monday
Remember: Markets Prefer Gridlock
Remember: Gridlock’s good. Or at least for markets. Over the last several weeks, which is
Small-Cap Black Swan Not Likely Sustainable, Wilson Says
Morgan Stanley’s Mike Wilson doesn’t sound especially enthusiastic about the historic rotation to small-caps. A
Meanwhile, In China…
China cut rates on Monday. (Scintillating, I know.) While not exactly the stuff headlines are
What If All The AI Spending Never Pays Off?
What if all the AI spending doesn’t pay off? That’s the question no one wants
US GDP, Inflation Update Eyed Through Political Storm
The data docket’s crowded in the US this week, when traders and investors will contend
‘Epic’ Market Reversal Can Persist, Goldman Says
It was easy to miss, buried as it was under an avalanche of domestic political
Can The Tech Selloff Continue?
I spent a fair amount of time in recent days editorializing around the burgeoning tech
Revenge Of The Little Guy
If you were wondering whether the historic rotation to small-caps that dominated market headlines earlier
The Greatest Con In American History
Let’s be clear-eyed and honest lest we should insult each other’s intelligence, or our own:
US Stocks Just Saw Their Fourth-Largest Inflow Ever
If you’re keeping track at home — and who isn’t, right? — US equities just
Meanwhile, In Israel
Israel can’t fight a war in Yemen. I’m just putting that out there. Early Friday
Netflix Delivers Solid Quarter As Paid Adds Crush Estimates
It’s been a very long time since Netflix’s quarterly results counted as a major market
‘Bad Stuff Happens’: Albert Edwards Dreams Of A Tech Crash
Is the Nasdaq about to “crash”? No. I suppose the answer depends on your definition
Biden’s Candidacy Not Viable As Top Democrats Defect
If I were a bettin’ man, I’d have to wager that Joe Biden won’t ultimately
‘Wide Open’
The July ECB meeting was a non-event. I know everyone was on tenterhooks. That latter
US Jobless Claims Bolster Case For September Fed Cut
If you were looking for additional evidence to support the notion that the Fed’s almost
Dances With Wolves
“I see you got the pink one.” We’d just settled into a table at a
Behind 2024’s Biggest Tech Wreck
America’s mighty mega-caps were under siege on Wall Street mid-week. The Nasdaq 100 was down
When The Chips Are Down
The chips were down on Wednesday. Literally. Semiconductors were summarily shellacked following a Bloomberg report
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