Rising rates are a problem for richly-valued equities. Did you hear? If not, just step
Author: therealheisenberg
Immaculate Disinflation Narrative Gets Unwelcome Jolt
In a somewhat disconcerting development for a Fed praying about “immaculate disinflation,” job openings across
What If Mega-Cap Tech Stocks Are Actually Cheap?
What if mega-cap US tech stocks are actually cheap? The hell you say! No, seriously.
One Bull, One Bear
Two weeks ago, BofA’s Savita Subramanian lifted the bank’s year-end target for the S&P to 4,600. The
Until Something Breaks
Last week, during an interview with The Times of India, Jamie Dimon characterized 7% Fed
Rally Bets Saddle Stocks With ‘Upside Overhang’
“GO TIME” read the subject line of the first Q4 note from Nomura’s Charlie McElligott,
Expensive Observations
This week’s earliest market commentary revolved around the profound observation that Kevin McCarthy’s surprising decision
US Manufacturing Stabilizes With All Eyes On Services
US manufacturing activity contracted for an 11th month in September, the first of this week’s
Open For Business
Visuals depicting Kevin McCarthy fist-bumping Steve Scalise (and Chuck Schumer flashing a double thumbs up)
Three Reasons Dollar Strength Can Continue
Dollar strength is the talk of the proverbial town. Perhaps you noticed. Thanks to a
Dysfunction, Division and Dystopia
Four months ago this week, I was busy putting the finishing touches on “Holistic People,”
Higher Interest Expense Finally Bites For Corporate America
By now, it’s a familiar refrain: Interest costs (or at least interest payments) for the
Wall Street Navigates Unfamiliar Waters In ‘Higher-For-Longer’ Regime Shift
Interest rates have “reset to a ‘higher-for-longer’ regime.” That’s according to Goldman’s Praveen Korapaty, who
Inflows To US Stock Funds Resume, But Sentiment Darkens Further
US equity-focused ETFs and mutual funds returned to inflows over the latest weekly reporting period.
Reading History
Rates (and bond yields and financing costs for homes) may seem high to you, but
Fed’s Core Inflation Gauge Cools Further As US Braces For Shutdown Data Blackout
Underlying inflation on the Fed’s preferred measure rose at the slowest monthly pace in nearly
Europe Gets Good Inflation News. With The Usual Caveats
There was good news on the inflation front in Europe Friday. Headline price growth probably
Money Market Fund Assets Rise Back Near Record
Money market funds recouped minuscule mid-month redemptions with a $6.31 billion inflow in the week
September’s Twin Stock, Bond Selloff Is Bitter Pill For Fed-Weary Markets
All eyes were once again on the rates complex Thursday, as traders and investors of
UK Bonds Suffer Dramatic Selloff
UK bonds suffered what it’s fair to call an egregious rout on Thursday. The repricing
Pending Home Sales Plunge As Rates Soar In ‘Frozen’ Market
Pending home sales tumbled in August, a bad omen for already depressed existing home sales.
US Spending Revised Sharply Lower, Tempering Hawkish Jobless Claims
For the second week in a row, US jobless claims printed at rock-bottom levels, underscoring
Oil In Focus As ‘Dry’ Cushing Prompts Hand-Wringing
There was talk of a “toxic cocktail” on Thursday amid elevated bond yields and a
What’s Behind The Suddenly Positive Term Premium?
The term premium is positive again. Maybe you heard. Actually, you probably didn’t hear. This
Why Marko Kolanovic Sees A ‘Rate Shock’ Reckoning
JPMorgan’s Marko Kolanovic doesn’t agree with the notion that the majority of the drag from
Marko Kolanovic Conjures 2008 Crash With Striking Reprint
The market is likely to be “more volatile” in the near-term, and the risk-reward in
You must be logged in to post a comment.