Suddenly, Americans feel great. That’s not true. They’re pretty miserable actually. But in the 2020s,
Author: therealheisenberg
‘Prices Keep Marching Higher’ As US Home Sales Recover
US existing home sales actually rose last month, data out Wednesday showed. That (an increase
A Good Day For The Bank Of England
The Bank of England caught another break on Wednesday with an unexpectedly favorable UK inflation
The $366 Billion Short Squeeze ‘Heard ‘Round The World’
One of the more popular discussions in market circles over the seven- (going on eight-)
Black Swan Hunting In The Red Sea
I’m supposed to tell you the Houthis are poised to crash stocks. Or drive oil
Low VIX Belies Wall Street Stock Confusion
Earlier this week, I talked of a new “strategist short squeeze” on Wall Street. The
New US Home Construction Suddenly Booms
If you’re looking for evidence to support the idea that the recent easing in US
Fund Managers Ditch Cash For Stocks On ‘Goldilocks 2024’ Hopes
Fund manager sentiment is the least bearish in nearly two years, according to one bank’s
Was Powell’s Pivot Really Misguided? (Maybe Not)
Three months ago, Jerome Powell chafed at the suggestion the Fed wasn’t aiming to achieve
The Bear And The Doves
“Markets took the change in guidance as an ‘all clear’ sign to ramp up risk
Morale Improves In Wild US Housing Amid Steep Drop In Mortgage Rates
US homebuilders were in a slightly better mood this month, survey data released on Monday
‘Permanent Crisis Mode’: Germany Limps Out Of 2023 In Rough Shape
If you’re wondering whether the fiscal fiasco in Germany impacted the business outlook for the
A New ‘Strategist Short Squeeze’ Looms As Stocks Eye Records
Remember the “strategist short squeeze”? In June and July, when markets melted up following Nvidia’s
Front-Running And Chicken-Counting
It’s dangerous to count chickens. That was one message from Austan Goolsbee, who regaled CBS’s
Quick Anatomy Of A Crash-Down
Equities headed into the back half of December riding a seven-week melt-up. That alone is
Before The Ham And Eggnog
It’s the week before Christmas. The macro-policy docket isn’t exactly sparse, but interest and engagement
In Gaza, A Lost Cause
This goes without saying and I’m anyway not the first person to say it: The
Cashing In
Of all the questions that loom large for 2024, few are more pressing for market
Bear Humbug
Bears could still be right, God bless ’em. After all, the year’s not over yet.
Rare Occurrences
If the Fed cuts rates in 2024 with core inflation above the unemployment rate, it’d
Technically You Did Start It, John
“My fault? How is it my fault?” “Well, you did start it, John.” In “Critics
Easier Financial Conditions Spotted In US Services Sector
If you’re looking for evidence that the US economy may slip into recession imminently, it
Europe Slides Toward Recession As ECB ‘Enjoys The View’ From Rate Mountain
The ECB “definitely did not discuss rate cuts” this week, Christine Lagarde insisted, after the
Money Market Funds See First Outflow In Two Months
Money market funds saw their first outflow in two months in the week to December
The $6 Trillion Question For 2024
The great thing about 4% or 5% on term deposits and federal money market funds
Behind The Scenes Of The Epic Rates Rally
As you might’ve noticed, the bond rally — already one of the more impressive in
Critics Decry Fed’s Dovish Pivot. Does Powell Deserve The Derision?
There was more than a little perturbation Thursday among the Fed’s legions of critics. With
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