New US home sales figures for June, released on Tuesday, were a veritable compendium of
Author: therealheisenberg
Fair-Weather Fans
2022 will remembered for a lot things, most of them bad, or at least if
Blistering Pace Of US Home Price Gains Seen Out Of Gas
The rate of US home price appreciation is slowing, data out Tuesday showed. Of course,
Define ‘Pivot’
This is all very simple, really. Markets will bottom when inflation peaks and the Fed
Everyday Low Guidance: Walmart Delivers Another Reality Check
Is an anomaly anomalous if it happens twice in three months? I don’t know. That’s
Something’s In The Price
Given a demonstrable deceleration in various measures of economic activity over the past month, it’s
Nowhere To Turn
There’s nothing you can do. Just as the Fed has no “good” options at a
60:40, Food:Fuel
It’s been a tough year for multi-asset investors, where “tough” means all assets have incurred
Wanted: Plausible Bull Case
“The pause is likely to come too late,” Morgan Stanley’s Mike Wilson said Monday. He
Traders Will Drown In Data During Fed Week
The July FOMC meeting isn’t the only big event on the US docket this week
Best Hawkish Behavior
In the anxious aftermath of the June CPI report, among the worst in modern US
Just Don’t Call It Optimism
I’m sympathetic to the possibility that a true reckoning for US corporate profits may still
In Odesa, Strategic Callousness
On Friday, there was “a beacon on the Black Sea.” So said UN Secretary-General Antonio
The ‘Big Low’
The “big low” isn’t in. That’s the overarching (and all too familiar) message from one
‘They Just Kept Coming’: VaR Event Rocks Rates
Although it wasn’t obvious to anyone for whom equity benchmarks are all that matters, Friday
US, Europe Both Risk Imminent Recession, Surveys Suggest
A gauge of US services sector activity tumbled into contraction territory for July, suggesting the
Putin Sinks Uniper
Uniper, Olaf Scholz said Friday in Berlin, was experiencing “great difficulty” from Germany’s gas crisis.
Bond Bulls And Banana Republics
As regular readers know all too well, I harbor something that looks (and feels) quite
Microsoft May Hold Keys To ‘Yikes Pain-Trade Rally’
Charlie McElligott’s spidey sense is tingling. US equities and volatility rose simultaneously for two consecutive
Layoffs And Another ‘Since The 70s’ Moment
I’m not sure I’d call it “cause for concern,” but initial US jobless claims rose
ECB Exits NIRP, Unveils ‘TPI’ On Irony-Laden ‘Whatever It Takes’ Anniversary
The ECB hiked rates for the first time in more than a decade Thursday and
S&P Stunner: 60% Of Families Won’t Be Able To Afford A Home
Bad news: The American dream may be unreachable. That was the overarching message from S&P
Nobody Can Afford Anything
Jesus, Seth. Listen, if you really wanna do this with your life you have to
Bad News Just Keeps Piling Up For US Housing Bubble
Another day, another data point (or two) to suggest the previously red-hot US housing market
Run Money, Run
We’re an excitable species. Especially when it comes to money, a god of our own
Searching For Lehman. Finding Civil Unrest
Lehman! GFC! Dot-com! LTCM! Lions, tigers and (especially) bears. “Oh, my!” From time to time,
Mood Check: ‘Everything Is Better Than Feared!’
“Traders bet the bottom is in,” one mainstream financial media outlet declared on Tuesday afternoon,
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