US economic growth was slower than initially reported in the first quarter, closely-watched revisions released
Author: therealheisenberg
Pending Home Sales Plunge As Buyers Suddenly Balk
Pending home sales in the US plummeted in April, a Thursday update showed. Contract signings
Tariffs, Taxes And Fiscal Policy
I think I’ve made it abundantly clear by now what I think of US election
Reprieve Ends For US Homebuyers As Mortgage Rates Rise
A three-week rate reprieve for aspiring US homeowners just came to an end. After flirting
Wall Street Ignores The Only US Election Risks That Matter
On May 28, Goldman published a note called “The US Election — Debating the Asset
You Got Hammack’d
Listen, I don’t know the first thing about Beth Hammack. No matter how many times
Exploiting The Chaos
It’s not easy to get foreign policy right. The world’s a very messy place, after
I Was Told There Would Be Rate Cuts
We’ve come a long way since late November. Six whole months, in fact. Half a
Xi ‘Arrests’ Already-Jailed Tiananmen Activist
If social media posts “with seditious intent” were grounds for arrest and detention in the
US Property Prices Score More Records On Marquee Index
“Another all-time high.” That was the overarching message from Tuesday’s update on America’s marquee gauge
Fed Suggests More Talking To Solve Communication Problem
I regularly lament the Fed’s penchant for over-communication. Every week, market participants are compelled to
Cold War Headlines
China’s upset with the West. Or the West is upset with China. Both. It’s both.
The Tents Are On Fire
Familiar scenes out of Gaza depicted dazed children sorting through blackened detritus and women wailing
Antonyms Of Hope
Of what use is a “binding” order with no mechanism for enforcement? Not much. Such
Hope Seen Floating In Fed’s Preferred Inflation Measure
Core price growth on the Fed’s preferred inflation measure probably downshifted to 0.2% last month.
Did Yellen and Powell Forget Piketty?
When it comes to the notion that Janet Yellen and Jerome Powell engaged in a
Inconclusive
I doubt anyone came away from this week wiser. By Friday afternoon in the US,
Goldman Gives Up On July Fed Cut
Goldman’s seen enough. On Friday, David Mericle threw in the towel on the bank’s call
Revisions To Marquee Sentiment Survey Offer Glimmer Of Hope
At least it wasn’t revised lower. The final read on University of Michigan sentiment for
Rally Interrupted And The Forever Inversion
A four-week global equity rally faltered this week amid concerns around delayed Fed cuts. MSCI’s
Money Market Fund Assets Climb Fifth Week, Nearing Record
Money market funds took in more than $17 billion in the week to May 22,
Don’t Blame Nvidia
“It’s the economy, stupid.” If you’re determined to explain why US equities didn’t revel in
Smotrich Versus Yellen
This is all “very simple,” but — wouldn’t you know it! — a lot of
New US Home Sales Fall, Prices Jump In Heavily-Revised Data
New US home sales fell twice as much as expected in April, data released on
Fed’s Inflation Goal ‘Elusive’ As US Economy Picks Back Up
So much for the slowdown. Business activity in the US picked up markedly in May,
Nvidia Rides ‘Next Industrial Revolution’ To Another Big Beat
A year on from what history may remember as an epoch-making earnings report, the most
Hawks Fly In Fed Minutes
If the question’s how best to read the May FOMC minutes, the answer’s that it’s
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