I generally eschew the temptation to editorialize around Elon Musk’s adventures in “red pill” Wonderland.
Author: therealheisenberg
New Home Prices Plunge Most Ever
New home sales fell more than expected in the US last month, the first of
The $6 Trillion Question
“Cash” had a helluva year. Perhaps you’re aware. Every week, I editorialize around the latest
Will Higher Rates Ever Matter For Big Business Bottom Lines?
Here’s an idea: Equities have already priced in the drag from a higher cost of
Inflation Updates Offer Litmus Test For 2024 Rate Cut Bets
Inflation updates from both the US and Europe top the macro agenda in the new
The Peril Of Ukraine Fatalism
Mainstream commentary around the war in Ukraine comes across as increasingly (and perhaps unduly) fatalistic
How Long Before The Fed Faces Reserve Scarcity?
A few days ago, I mentioned that RRP drain had likely started the clock on
Long Cash!
Another week, another new record for money market fund assets. Money funds took in $29.12
Sentiment Shift Drives $50 Billion Flow Bonanza To US Stock Funds
US-focused equity ETFs and mutual funds scored another big inflow over the latest weekly reporting
Germany At Risk Of Two-Year Stagnation Amid Court Ruling, Debt Charade
Germany is in a tough spot. Data released on Friday confirmed the world’s fourth-largest economy
Wilders. In A Landslide
“They’re bringing crime. They’re rapists. And some, I assume, are good people,” Donald Trump said
Interest Expense, Debt And A.I.: What Corporate America Is Talking About
Every quarter, once the verdict is in on earnings season, Goldman publishes an “S&P 500
Hedge Fund ‘Crowding’ Hits Record Amid Mega-Cap Rally
Earlier this week, in one of the dailies, I included a chart depicting record hedge
Bears, Bulls And The 1950s Parallel
The profit recession for corporate America ended in Q3. EPS growth was around 4% last
The Term Premium Is Negative Again
It’s official. Or as official as it can be considering we’re talking about something that’s
Hostages, Prisoners And Poets
“He was interrogated and he was actually beaten.” That’s a quote from a family friend
Jobless Claims Continue To Vex Recession Calls
Jobless claims in the US steadfastly refuse to cooperate with, let alone corroborate, recession narratives.
Popular Strategist Reveals Top 10 Trades For 2024
On Tuesday, BofA’s Savita Subramanian made the case for S&P 5,000 in 2024. Suffice to say
Nvidia Says A.I. Revolution Proceeding Apace
I’d say “not surprisingly,” but I guess that doesn’t quite work given that beats versus
Fed Minutes Repeat Familiar Talking Points
“There has been surprisingly little reaction thus far.” So said one observer following the release
Investors Say No Thanks To TIPS
The Treasury auction drama continued on Tuesday with a tailing 10-year TIPS sale. I should
Higher Rates ‘Single Best Development’ In 20 Years: Vanguard
“Higher interest rates are here to stay.” So declared Vanguard, staid bastion of relative sanity
The Homes Are As Scarce As They Are Expensive
Surprise! Existing US home sales fell again in October, data released on Tuesday showed. The
BofA’s Subramanian Sees S&P 5,000 In 2024
5,000. And a new record high. That’s what BofA’s Savita Subramanian sees for the S&P
Here’s How Fed Balance Sheet Runoff Ends
Last week, I noted that ongoing drain from the Fed’s RRP facility telegraphed the end
The S&P, The Economy And Joe Biden’s 2024 Odds
It’ll be all about sequencing for the S&P next year. That was one message from
Maybe They Want The Bonds After All
Headed into this week, there was some consternation that Monday’s 20-year sale would evidence the
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