The rebound in existing US home sales during the first month of 2024 may prove
Author: therealheisenberg
Making Do With Euphoria
With two months in the books, 2024’s been generous to equity bulls. Both big-cap US
Sinners And Saviors
“I’m not asking you to play savior here. Just $500 to pay the electric bill
Trump Completes GOP Conquest As Mitch McConnell Abdicates
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‘Egregiously Expensive’ Stocks Shouldn’t Keep You Up At Night, Subramanian Says
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Spending Quicker, Inflation Warmer, US GDP Revisions Show
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Marko And The Mortals, Revisited
If you’ve been bearish (or “cautious” or “defensive”) in the face of a rally that’s
‘An Incredibly Surprising Result’
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Trump Mythos Renders Biden’s Economic Reality Meaningless
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Expensive Houses, Falling Confidence
US home prices are rising at the briskest annual rate since November of 2022 and
The Fed Put’s Alive And Well
Last month, I spent some time editorializing around a 2024 outlook piece which echoed many
I Gotta Have More Magnificent 7
I might’ve mentioned this last week. I honestly can’t remember. And no, any recollection failure
One Bank Asks: Is The Tech Ecosystem Now Its Own Asset Class?
People are beginning to ask some — how should I put this? — interesting questions
New Home Sales Meander Amid Intractable American Housing Conundrum
New home sales in the US rose at just half the expected pace in January,
Strategy For A Crucial, All-Important Week
New week, same debates. The sparse color on offer Monday trod familiar ground as traders
Magic Sauce
I probably shouldn’t have read Warren Buffett’s annual letter. It only reminded me of the
Is Nvidia Surge A ‘Blow-Off Top?’ If So, What’s Next?
Are we witnessing a “blow-off top” in equities? To answer that, we have to define
Inflation Test Looms As Stocks Ask, ‘Who Needs Rate Cuts, Anyway?’
The schedule’s pretty crowded this week in the US. An update on the Fed’s preferred
After Munger, Buffett Says Berkshire’s Size Rules Out Big Performance
I’m going to dial back (which is to say omit entirely) the sarcasm and snark
Inflows To US Stock Funds Accelerate Amid AI Frenzy
US equity-focused ETFs and mutual funds saw their largest inflow of the year over the
Dynamics Of A ‘Never-Ending Stock Melt-Up’
“A never-ending melt-up in index.” That’s what befuddled bears were pondering by the end of
Fed Fails To Curb History’s Most Aggressive US Spending Recovery
The Fed has a narrative. They have a lot of narratives, actually. But an oft-repeated
What Xi Jinping Can Learn From The Fed
At some point this week, Nomura apparently cautioned those keen to pick the low in
Money Fund AUM Slips Second Week As Great MMF Debate Continues
This week’s money market fund flows update was mostly uneventful, although it was notable for
Don’t Short A Bubble Exhibit 275 Billion
I don’t want to pile insult atop injury for the earnest skeptics and well-meaning bubble
In US Housing: Signs Of A Thaw Or False Dawn?
Cue a procession of angels: US existing home sales notched a meaningful gain for the
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