I wasn’t planning to pen another “end of democracy” article this week. Really I wasn’t.
Author: therealheisenberg
Why The Market Can’t Move
“Eye-wateringly dire.” That’s how Nomura’s Charlie McElligott described the vol environment in US equities, where
Macron, Le Pen And The Perils Of Polarization
It’s hard to feel “bad,” as such, for Emmanuel Macron. He not a terribly sympathetic
New Home Sales Plunge As US Housing Gridlock Continues
Sales of new US homes plunged in May, according to what I can confidently call
‘Too Big To Fail’ US Stock Market Isn’t So Exceptional Without Tech
US equities are “too big to fail.” That was one, among many, takeaways from what
Bubble Or Bust
Three months ago, SocGen’s Manish Kabra dethroned BofA’s Savita Subramanian to become Wall Street’s largest
Americans Have An Anxiety Disorder
US consumer confidence slipped in June, as Americans continued to fret about the outlook despite
There’s Always The Park Bench
Guess what? US home prices are at record highs. Oh, you already knew that? I
Who’s Right?
On some days (a lot of days, including the first day of this week) Nvidia
The Bond Conundrum
Bonds have very nearly pulled even for 2024. Maybe you noticed. 10-year US yields were
How To Lose $400 Billion In Three Days
Nvidia melted into America’s ridiculous heat wave on Monday, when the shares suffered a third
Kolanovic, JPMorgan See ‘Ominous Signs’
“Ominous signs.” Marko Kolanovic sees them. It’s been a long 18 months for bears. I’d
‘Three Potential Candidates’ To Break The Bullish Tape
The stock market’s not the economy. And the economy’s not the stock market. Morgan Stanley’s
The Skinniest US Equity Market Since At Least 1965
If it feels to you like US equity market breadth’s a perennial concern, you’re not
Where’d The Shorts Go?
Late last week, I spent a few minutes editorializing around record-low short interest on the
US Inflation Update In Focus As Stocks Gun For More Records
It’ll be a fairly busy week on the US macro front. An update on the
Netanyahu Wants His ‘Tools’ Now, Thank You
Israeli defense chief Yoav Gallant is in Washington this week to beg for weapons. If
Sweep Risk
Generally speaking, Americans don’t understand the extent to which democracy’s imperiled. When people hear “democracy
A ‘Nightmare Scenario’
If you’re into nightmare scenarios, I’ve got one for you. I’ll keep it short, commensurate
#AIcapitulation (God Risk Revisited)
“All roads lead to Nvidia.” That’s the trade. Or at least that’s how the market’s
Smash Burgers
Existing home sales held up better than expected last month in the US, but nevertheless
US Economy Stuns Again While Europe Falters
US economic activity picked up further in early June, preliminary PMIs released on Friday showed.
Money Market Funds See First Outflows Since Tax Week
US money market funds saw their first outflows since tax week, an update released after
Capture The Mag
Under-capture. That’s the name of the game for (too) many investors in 2024. The ultra-concentrated
JPM Sees ‘Implicit Short Vol Trade’ In Record-Low ETF Short Interest
Short interest on the two predominate ETFs tracking the most important US equity indices has
In US Housing, A Builders’ Strike?
You can argue with home builders all day about whether they’re correct to insist that
Continuing Claims May Prod Powell Into Rate Cuts
US jobless claims slipped in the week to June 15, Thursday’s update showed. Initial filers
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